Raleigh market rental trends report

Raleigh market rental trends report
Raleigh market rental trends report
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Over the past six months, Raleigh has experienced a decline in rental prices, with the median rent decreasing by approximately 5.6% year-over-year as of September 2024. This reduction is primarily due to a significant increase in apartment construction, introducing over 9,000 new units to the market by the end of 2024, which has alleviated demand pressures. As of March 2025, the median rent in Raleigh stands at $1,870. ​

chart-Apr-17-2025-12-29-00-0625-AM

Apartment listings

Below are some recent listing examples.

The Reverie

  • Studio/1 Bath
  • Sq Ft: 509
  • Rent: $1,395
1-Apr-17-2025-12-33-45-7031-AM

Wakefield Glen Apartments

  • 1 Bed/1 Bath
  • Sq Ft: 1,050
  • Rent: $1,460
2-Apr-17-2025-12-33-56-0265-AM

Prose New Hope Apartments

  • 2 Beds/2 Baths
  • Sq Ft: 1,188
  • Rent: $1,740
3-Apr-17-2025-12-34-06-2933-AM

Sterling Town Center

  • 3 Beds/2 Baths
  • Sq Ft: 1,287
  • Rent: $2,125
4-Apr-17-2025-12-34-16-2657-AM

(Data sourced from Apartments.com)

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