Over the past year, rental prices in Raleigh have significantly decreased. This can be attributed to the surge in new apartment constructions in 2023, adding 11,000 units and increasing the vacancy rate from 8.8% to 12.2%. With this surplus of available units, prices are expected to continue declining for the next 6-9 months. The median price for an apartment is currently $1,600, down over $200 from last year.

Apartment Options

Lantower Weston

• Studio/1ba
• Sq Ft: 700
• Rent: $1,222

The Dakota Apartments

• 1bed/1ba
• Sq Ft: 800
• Rent: $1,400

The Junction

• 2bed/2ba
• Sq Ft: 1200
• Rent: $1,600

Camden Asbury Village

• 3bed/2ba
• Sq Ft: 1375
• Rent: $1,900