Raleigh market rental trends report

Over the past 3–6 months, Raleigh’s rental market has shifted from a brief period of softening into a clear upward trend, with average rents increasing across most unit types and recent pricing now exceeding 12-month averages for studios, one-bedroom, and two-bedroom units. This rebound reflects strengthening demand and renewed pricing momentum heading into the current quarter.

This change appears to be driven by improving leasing activity, tightening availability in high-demand unit categories, and continued in-migration and job growth supporting household formation across the region. The sustained demand for both smaller and mid-sized units, along with steady interest in larger floorplans, has reinforced landlords’ pricing power after mid-year adjustments.

Based on current data, the estimated median rent for the Raleigh region is approximately $1,590 per month.

Apartment listings

Below are some recent listing examples.

The Lincoln

• Studio/1 Bath
• Sq Ft: 553
• Rent: $1,332

Wakefield Glen Apartments

• 1 Bed/1 Bath
• Sq Ft: 1,050
• Rent: $1,450

Prose New Hope Apartments

• 2 Beds/2 Baths
• Sq Ft: 1,188
• Rent: $1,599

Skyhouse Raleigh

• 3 Beds/2 Baths
• Sq Ft: 1,508
• Rent: $2,075

(Data sourced from Apartments.com)