Cheap Apartments in Raleigh, NC

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33

$825 - 895

PER
ROOM

The Wilde

Deal

3.4

3333 Melrose Club Blvd Raleigh, NC

2 - 4 BR | Aug. 17, 2023

Contact

Dog Friendly

Cat Friendly

Student

Dishwasher

16

$900

Seeking roommates for shared home

Deal

1110 Carlton Ave Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

7

$1,013

Seeking roommates for shared home

Deal

2801 Killian Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

9

$898

Seeking roommates for shared home

Deal

1208 #102 Haybrook Dr Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

8

$1,025

Seeking roommates for shared home

Deal

3525 Sugarplum Road Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

7

$877

Seeking roommates for shared home

Deal

5230 Meryton Park Way Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

13

$800

Seeking roommates for shared home

Deal

1241 University Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Virtual Tour

Air Conditioning

Covered Parking

Dishwasher

8

$776

Seeking roommates for shared home

Deal

1440 Collegiate Cir Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

35

$800

Seeking roommates for shared home

Deal

1251 #002 University Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Pool

22

$979

Seeking roommates for shared home

Deal

700 Grove Ave Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

14

$1,020

Seeking roommates for shared home

Deal

4707 Princess Lita Way Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Virtual Tour

Air Conditioning

Covered Parking

Dishwasher

18

$958

Seeking roommates for shared home

Deal

129 Pineland Cir Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

23

$773 - 945

Seeking Roommates For Shared Home

Deal

1008 J Sandlin Pl Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Balcony, Deck, Patio

Dishwasher

27

$793

Seeking roommates for shared home

Deal

2824 Henslowe Dr Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

9

$793

Seeking roommates for shared home

Deal

2805 Killian Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

10

$787

Seeking roommates for shared home

Deal

4519 Edwards Mill RD Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Pool

11

$896 - 911

Seeking Roommates For Shared Home

Deal

708 Ileagnes Rd Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

21

$785

Seeking roommates for shared home

Deal

2221 #102 Mountain Mist Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

10

$800

Seeking roommates for shared home

Deal

1501 Graduate Ln Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Gorman

13

$837

Seeking roommates for shared home

Deal

1320 Stone Manor Dr Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Pool

15

$853

Seeking roommates for shared home

Deal

7765 Falcon Rest Cir Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

8

$960 - 1,040

PER
ROOM

The Standard at Raleigh

Leasing Office, 3101 Hillsborough Street Raleigh, NC

2 - 4 BR | Available Now

Contact

Dog Friendly

Cat Friendly

Student

Virtual Tour

In Unit Laundry

20

$923

Seeking roommates for shared home

Deal

7714 Weathered Oak Way Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Pool

15

$774

Seeking roommates for shared home

Deal

216 Woods Ream Dr Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

North Haven

13

$777

Seeking roommates for shared home

Deal

5821 Wynmore Road Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

15

$885 - 965

PER
ROOM

College Inn

2717 Western Blvd Raleigh, NC

3 - 4 BR | Aug. 5, 2023

Contact

Dog Friendly

Cat Friendly

Student

Covered Parking

Fitness Center

46

3D Tour

$709 - 909

PER
ROOM

Village Green Student Housing

Deal

4.2

2000 Village Bluff Pl. Raleigh, NC

2 - 4 BR | Available Now

Contact

Furnished

Dog Friendly

Cat Friendly

Student

Virtual Tour

10

$870

Seeking roommates for shared home

Deal

1003 Hadley RD Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

Biltmore Hills

14

$830

Seeking roommates for shared home

Deal

2200 #203 Mountain Mist Ct Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Air Conditioning

Covered Parking

Dishwasher

5

$819

Seeking roommates for shared home

Deal

1411 Collegiate Cir Raleigh, NC

1 BR | Ask for Availability

Contact

Heat Included

Dog Friendly

Cat Friendly

Air Conditioning

Covered Parking

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Raleigh:
June Rent Report

Welcome to the June 2023 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 key findings and figures for the Raleigh rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Raleigh and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Raleigh average rent prices in the chart below.

Monthly Rent Report

Raleigh Rent Prices Increase From May to June

Raleigh rent prices increased over the last month. From May to June, the city experienced a 2.54% increase for the price of a one-bedroom apartment. The rent price for a Raleigh one-bedroom apartments currently stands at $1,050.0.

When we take a look at the two-bedroom comparison from May to June, Raleigh experienced a 0.99% increase for the price of a two-bedroom apartment. The rent price for a Raleigh two-bedroom apartments currently stands at $1,635.0.

June Prices: Raleigh vs. Surrounding Areas

Rent Prices in Raleigh and Surrounding Areas

Rent prices have increased in Raleigh over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Raleigh suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Morrisville, NC, Apex, NC, Clayton, NC, Wake Forest, NC .
Rent decreased in Cary, NC, Garner, NC, Fuquay-Varina, NC.
7 suburbs are currently priced higher than the city of Raleigh.

June 2023 Pricing Trends: Raleigh vs. National Comparisons

Raleigh Rent Prices More Affordable Than Major Cities

Rent growth in Raleigh over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Raleigh average rent prices appear to be relatively affordable for local residents.

The price for a Raleigh one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Raleigh and surrounding area rent prices, take a look at the complete data set below.

Data set for Raleigh and suburbs

	1 BR June	1 BR M/M % Change	2 BR June	2 BR M/M % Change
Raleigh, NC	$1,024.0	0.89%	$1,619.0	1.06%
Cary, NC	$1,607.0	0.00%	$1,881.0	-1.52%
Morrisville, NC	$1,441.0	0.98%	$1,772.0	-0.06%
Apex, NC	$1,407.0	0.93%	$1,624.0	-0.18%
Clayton, NC	$1,339.0	1.21%	$1,598.0	0.76%
Wake Forest, NC	$1,698.0	1.86%	$1,956.0	-0.51%
Garner, NC	$1,444.0	-2.43%	$1,670.0	-1.94%
Fuquay-Varina, NC	$1,401.0	-1.48%	$1,727.0	-0.12%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.