After experiencing a significant decrease in Raleigh rental prices in 2023 and into 2024, prices began to rise again during the second quarter. This change can be attributed to supply decreasing with the surge in new apartment construction leveling off while demand rose during the summer months with an increased number of renters moving into the area. The median price for an apartment is currently $1,695, down 8% from last summer but up from the median price of $1,600 from last quarter.

Apartment Options

The Tribute

• Studio/1ba
• Sq Ft: 684
• Rent: $1,220

The Milo

• 1bed/1ba
• Sq Ft: 763
• Rent: $1,685

Vintage Raleigh West

• 2bed/2ba
• Sq Ft: 1,303
• Rent: $2,150

Junction Six Forks

• 3bed/2ba
• Sq Ft: 1,409
• Rent: $2,584