Downtown Raleigh, Raleigh, NC Rental Market Trends
Last updated: April 10, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Raleigh is $1,884, a 3.47% decrease compared to the previous year, when the average rent was $1,952.
Studio Apartments at $1,403 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 $1,712, balancing privacy and affordability.
Two-beedroom units at $2,392 offer 1,149 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,520 sq ft) for $3,115, suitable for larger households.
Average rent in Downtown Raleigh, Raleigh, NC
Last updated: April 10, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,884 | 839 sq. ft. |
| Studio | $1,403 | 550 sq. ft. |
| 1 Bed | $1,712 | 734 sq. ft. |
| 2 Beds | $2,392 | 1,149 sq. ft. |
| 3 Beds | $3,115 | 1,520 sq. ft. |
Downtown Raleigh, Raleigh, NC rent trends
Rental prices in Downtown Raleigh, Raleigh, NC have decreased by 3.47% over the past year. The average rent moved from $1,952 to $1,884.
What's the typical rent budget in Downtown Raleigh, Raleigh, NC?
The largest share of rentals in Downtown Raleigh, Raleigh, NC (41%) 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?
North Haven $1,078/month
Winslow Ridge at Sunnybrook $1,143/month
Glenwood North $1,183/month
All of these neighborhoods fall below the city wide average of $1,561/month.Most expensive neighborhoods in Downtown Raleigh?
Wolf Crossing $2,273/month
Trailwood $2,748/month
Willmont $2,936/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Raleigh, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Willmont | $2,936 |
| Trailwood | $2,748 |
| Wolf Crossing | $2,273 |
| Fairmont | $2,180 |
| Country Club Hills | $1,999 |
| The Townes at Crabtree | $1,982 |
| Downtown Raleigh | $1,884 |
| Caraleigh Mills | $1,883 |
| Farrior Hills | $1,839 |
| Glenwood | $1,824 |
| Cameron Village | $1,791 |
| James W Dickens | $1,770 |
| Trinity Park | $1,735 |
| North College Park | $1,734 |
| Woods of Ashbury | $1,699 |
| Woodcrest | $1,683 |
| Pullen Park Terrace | $1,665 |
| Camley Hills | $1,649 |
| Eastgate | $1,621 |
| Crabtree Heights | $1,600 |
| Renaissance Park | $1,598 |
| Crabtree Woods | $1,577 |
| Hedingham | $1,570 |
| Alexander Place | $1,568 |
| Suncreek | $1,564 |
| North Shore | $1,546 |
| Brentwood | $1,540 |
| Brier Creek | $1,539 |
| Laurel Hills | $1,528 |
| Meredith Woods | $1,519 |
| Northridge Trace | $1,518 |
| North Ridge | $1,515 |
| Wakefield Plantation | $1,513 |
| Lakeview | $1,511 |
| Falcon Ridge | $1,488 |
| Northglen | $1,485 |
| Simms Branch - Anson Grove | $1,473 |
| Beachwood | $1,462 |
| Crown Oaks | $1,462 |
| Legacy Oaks | $1,455 |
| College View | $1,440 |
| Sunnybrook Estates | $1,440 |
| Westlake Village | $1,438 |
| Silver Lake | $1,435 |
| Olde Raleigh | $1,431 |
| Village of Tryon | $1,429 |
| Village of Fox Run | $1,426 |
| Thornton Commons | $1,415 |
| Brookside Village | $1,415 |
| Olde Province | $1,414 |
| Northwest Woods | $1,408 |
| Ashebrook | $1,407 |
| Glen Forest | $1,406 |
| Deblyn Park | $1,399 |
| Northclift | $1,393 |
| Cardinal Grove | $1,392 |
| Autumn Woods | $1,358 |
| Greenbrier | $1,346 |
| Bent Creek | $1,337 |
| Hertford Village | $1,335 |
| Hampton Oaks | $1,335 |
| Pepperdyne | $1,333 |
| Brookhaven | $1,331 |
| Pinewinds | $1,327 |
| Sweetbriar | $1,302 |
| Old Farm | $1,287 |
| Timberlake Estates | $1,281 |
| Hope Valley | $1,272 |
| Riverbirch | $1,268 |
| Glenwood North | $1,183 |
| Winslow Ridge at Sunnybrook | $1,143 |
| North Haven | $1,078 |
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Raleigh | Rent Comparison by Neighborhood
Rent in Downtown Raleigh is 20% higher than in Alexander Place
$1,884
Downtown Raleigh rent is the same as Raleigh average
Average Rent
$1,884
$1,568
Alexander Place rent is 17% lower than Raleigh average
Average Rent
$1,568
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.