Apartments & Homes for Rent in 27614

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What to Know About

Living in 27614

Raleigh, known as the "City of Oaks" because of the many oak trees that line the streets, is a city that offers a unique cultural experience nestled in a thriving business community. It's located in the heart of North Carolina's Research Triangle, home to many world-class universities and research institutions, making it an excellent place for education and innovation. It also offers multiple cultural attractions, such as the North Carolina Museum of Natural Sciences, North Carolina Museum of Art, Duke Energy Center for the Performing Arts, Carolina Ballet, Raleigh Little Theatre, and Marbles Kids Museum.

Raleigh is known for its passionate sports fans who cheer for the Carolina Hurricanes (NHL) and NC State Wolfpack. It's also the home of the North Carolina State Fair and many beautiful parks, including the William B. Umstead State Park and Pullen Park. In addition to these fantastic qualities, Raleigh is known for its proximity to the beautiful North Carolina coast and the Appalachian Mountains, along with its excellent restaurants and craft breweries.

Raleigh is a dynamic and exciting city that offers its residents a high quality of life and many opportunities, making it a great place to live.

Rental Market Trends

Raleigh, NC

As of April 2025, Raleigh's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Raleigh's average rent is 1.4% ($22) higher than the North Carolina average of $1,618 and 8.8% ($159) lower than the U.S. average of $1,799.

Average Rent
$1,640
Monthly ChangeMonth Over Month Change
Decreased1.4% ($24)
Yearly ChangeYear Over Year Change
Decreased4.1% ($70)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,425 Decreased2.3% ($34) Decreased4.2% ($63)
2 Beds $1,676 Decreased0.4% ($6) Decreased2.2% ($38)
3 Beds $1,945 Increased0.1% ($1) Decreased2.6% ($52)
Nearby Cities Average Rent Avg. Rent vs. RaleighAverage Rent vs. Raleigh Avg. Days on MarketAverage Days on Market
Cary $1,757 Increased7.1% ($117) 20 days
Knightdale $1,717 Increased4.7% ($77) 31 days
Morrisville $1,745 Increased6.4% ($105) 20 days
Garner $1,765 Increased7.6% ($125) 28 days
Rolesville $1,608 Decreased2% ($32) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Raleigh Rental Market FAQs

Explore rental prices, market trends, and availability in Raleigh, NC.

The average rent in Raleigh, NC is $1,640 per month.
Homes in Raleigh typically rent for between $998 and $2,529 per month, with an average of $1,640 per month.
In Raleigh, the average rent for a 1-bedroom home is $1,425 per month, for a 2-bedroom home, $1,676 per month, and a 3-bedroom home is $1,945 per month.
The average rent in Raleigh is 8.8% ($159) lower than the national average of $1,799 per month.
The average rent in Raleigh has decreased by 1.4% ($24) in the last month and decreased by 4.1% ($70) over the past year.
The rental market in Raleigh, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Raleigh, NC, the average rental stays on the market for approximately 28 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 749 rental properties available in Raleigh, NC.
Based on the current averages, a household would need an annual income of $67,040 to comfortably afford a 2-bedroom home in Raleigh.
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