Homes & Apartments for Rent in Raleigh, NC

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What to Know About

Living in Raleigh, NC

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 August 2026, Raleigh's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Raleigh's average rent is 11.9% ($175) higher than the North Carolina average of $1,471 and 8.6% ($154) lower than the U.S. average of $1,800.

Average Rent
$1,646
Monthly ChangeMonth Over Month Change
Increased0.7% ($12)
Yearly ChangeYear Over Year Change
Increased0.7% ($11)
Avg. Days on MarketAverage Days on Market
28
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,503 Increased1.6% ($24) Increased4.6% ($66)
2 Beds $1,742 Decreased1.1% ($20) Increased4.1% ($68)
3 Beds $1,964 Increased0.1% ($1) Decreased1.8% ($36)
Nearby Cities Average Rent Avg. Rent vs. RaleighAverage Rent vs. Raleigh Avg. Days on MarketAverage Days on Market
Cary $1,789 Increased8.7% ($143) 20 days
Knightdale $1,500 Decreased8.9% ($146) 31 days
Morrisville $1,738 Increased5.6% ($92) 20 days
Garner $1,533 Decreased6.9% ($113) 28 days
Rolesville $2,263 Increased37.5% ($617) 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 $1,646 per month.
Homes in Raleigh typically rent for between $1,052 and $2,553 per month, with an average of $1,646 per month.
In Raleigh, the average rent for a 1-bedroom home is $1,503 per month, for a 2-bedroom home, $1,742 per month, and a 3-bedroom home is $1,964 per month.
The average rent in Raleigh is 8.6% ($154) lower than the national average of $1,800 per month.
The average rent in Raleigh has increased by 0.7% ($12) in the last month and increased by 0.7% ($11) 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 694 rental properties available in Raleigh, NC.
Based on the current averages, a household would need an annual income of $69,680 to comfortably afford a 2-bedroom home in Raleigh.
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