Raleigh renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Raleigh is about $1,382 per month. This puts it in the 93rd percentile compared to the state average cost of rent, which is $1,125. Households in Raleigh have a median income of $6,957 per month so the average renter in Raleigh is spending roughly 20% of their earnings on housing.
Nationally, and in Raleigh, home values are the data point most closely correlated with the cost of rent. The median price of a home in Raleigh is $366,168 right now, which is lower than cities nearby, meaning that rents in Raleigh also tend to be lower versus these nearby cities.
Higher rent prices are common in the western parts of Raleigh while lower rent rates are often available in northeastern areas.
Nearby Cities
- Raleigh, NC: comparable rent prices
- Knightdale, NC: more expensive rent prices
- Cary, NC: more expensive rent prices
- Garner, NC: less expensive rent prices
- Morrisville, NC: more expensive rent prices
- Rolesville, NC: less expensive rent prices
- Wake Forest, NC: less expensive rent prices
- Pine Hurst Park, NC: less expensive rent prices
- Clegg, NC: more expensive rent prices
- Apex, NC: more expensive rent prices
Cities with Similar Populations
- Tucson, AZ: less expensive rent prices
- Miami, FL: more expensive rent prices
- Chattanooga, TN: less expensive rent prices
- Spokane, WA: less expensive rent prices
- Mesa, AZ: more expensive rent prices
- Chapel Hill, NC: less expensive rent prices
- Omaha, NE: less expensive rent prices
- Oklahoma City, OK: less expensive rent prices
- Harrisburg, PA: less expensive rent prices
- Sacramento, CA: more expensive rent prices
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