Downtown Raleigh, Raleigh, NC Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Raleigh is $1,935, a 1.13% increase compared to the previous year, when the average rent was $1,913.
Studio Apartments at $1,392 offer the most budget-friendly option with 550 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 734 square feet for $1,766, balancing privacy and affordability.
Two-beedroom units at $2,464 offer 1,149 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,520 sq ft) for $3,067, suitable for larger households.
Average rent in Downtown Raleigh, Raleigh, NC
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,935 | 839 sq. ft. |
| Studio | $1,392 | 550 sq. ft. |
| 1 Bed | $1,766 | 734 sq. ft. |
| 2 Beds | $2,464 | 1,149 sq. ft. |
| 3 Beds | $3,067 | 1,520 sq. ft. |
Downtown Raleigh, Raleigh, NC rent trends
Rental prices in Downtown Raleigh, Raleigh, NC have increased by 1.13% over the past year. The average rent moved from $1,913 to $1,935.
What's the typical rent budget in Downtown Raleigh, Raleigh, NC?
The largest share of rentals in Downtown Raleigh, Raleigh, NC (37%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Raleigh, Raleigh, NC?
1,540 or 70% of the households in Downtown Raleigh, Raleigh, NC are renter-occupied while 664 or 30% are owner-occupied.
Most affordable neighborhoods in Downtown Raleigh?
Winslow Ridge at Sunnybrook $1,148/month
North Haven $1,177/month
Glenwood North $1,210/month
All of these neighborhoods fall below the city wide average of $1,574/month.Most expensive neighborhoods in Downtown Raleigh?
Wolf Crossing $2,305/month
Trailwood $2,754/month
Willmont $2,929/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Raleigh, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Willmont | $2,929 |
| Trailwood | $2,754 |
| Wolf Crossing | $2,305 |
| Fairmont | $2,189 |
| The Townes at Crabtree | $2,039 |
| Country Club Hills | $1,964 |
| Caraleigh Mills | $1,939 |
| Downtown Raleigh | $1,935 |
| Glenwood | $1,836 |
| Cameron Village | $1,835 |
| Pullen Park Terrace | $1,824 |
| Farrior Hills | $1,815 |
| James W Dickens | $1,754 |
| Renaissance Park | $1,735 |
| North College Park | $1,734 |
| Eastgate | $1,731 |
| Trinity Park | $1,728 |
| Woods of Ashbury | $1,705 |
| Woodcrest | $1,688 |
| Camley Hills | $1,675 |
| Crabtree Heights | $1,635 |
| Simms Branch - Anson Grove | $1,611 |
| Alexander Place | $1,586 |
| North Shore | $1,579 |
| Hedingham | $1,570 |
| Brentwood | $1,546 |
| Wakefield Plantation | $1,538 |
| Northwest Woods | $1,537 |
| Crabtree Woods | $1,534 |
| Lakeview | $1,532 |
| Brier Creek | $1,531 |
| Suncreek | $1,523 |
| Northridge Trace | $1,517 |
| Legacy Oaks | $1,515 |
| Laurel Hills | $1,514 |
| Beachwood | $1,506 |
| North Ridge | $1,502 |
| Northglen | $1,485 |
| Silver Lake | $1,467 |
| Crown Oaks | $1,463 |
| Falcon Ridge | $1,462 |
| Glen Forest | $1,460 |
| Meredith Woods | $1,459 |
| Brookside Village | $1,453 |
| Sunnybrook Estates | $1,440 |
| Olde Raleigh | $1,429 |
| Village of Tryon | $1,426 |
| Ashebrook | $1,423 |
| Village of Fox Run | $1,418 |
| Pinewinds | $1,392 |
| Cardinal Grove | $1,392 |
| Thornton Commons | $1,383 |
| College View | $1,379 |
| Greenbrier | $1,372 |
| Westlake Village | $1,366 |
| Northclift | $1,361 |
| Hertford Village | $1,353 |
| Olde Province | $1,343 |
| Brookhaven | $1,340 |
| Hampton Oaks | $1,328 |
| Pepperdyne | $1,325 |
| Bent Creek | $1,321 |
| Autumn Woods | $1,319 |
| Old Farm | $1,302 |
| Deblyn Park | $1,301 |
| Hope Valley | $1,294 |
| Sweetbriar | $1,276 |
| Riverbirch | $1,254 |
| Timberlake Estates | $1,218 |
| Glenwood North | $1,210 |
| North Haven | $1,177 |
| Winslow Ridge at Sunnybrook | $1,148 |
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Raleigh | Rent Comparison by Neighborhood
Rent in Downtown Raleigh is 22% higher than in Alexander Place
$1,935
Downtown Raleigh rent is the same as Raleigh average
Average Rent
$1,935
$1,586
Alexander Place rent is 18% lower than Raleigh average
Average Rent
$1,586
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Raleigh apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.