Raleigh market rental trends report

Rental rates in Raleigh have shown relatively little change over the past 3-6 months, with average asking rents holding mostly steady or inching up slightly month-to-month according to recent market tracking. Major rent indices report essentially flat year-over-year movement, highlighting a stabilizing market after earlier volatility. This muted movement has been driven by a balance between continued demand and increasing supply, as new apartment completions add inventory and ease upward pressure on prices, while affordability constraints and broader economic conditions temper rapid rent increases. The current median rent for the Raleigh region is approximately $1,567 per month.

Apartment listings

Below are some recent listing examples.

The Lincoln

• Studio/1 Bath
• Sq Ft: 553
• Rent: $1,294

Wakefield Glen Apartments

• 1 Bed/1 Bath
• Sq Ft: 864
• Rent: $1,388

Prose New Hope Apartments

• 2 Beds/2 Baths
• Sq Ft: 1,188
• Rent: $1,743

Skyhouse Raleigh

• 3 Beds/2 Baths
• Sq Ft: 1,449
• Rent: $2,050

(Data sourced from Apartments.com)