511 Faye
511 Fayetteville St,
Raleigh, NC 27601
$1,346 - $3,240
Studio - 2 Beds
Capital District
Raleigh, NC
Capital District - Raleigh, NC
Area Guide
A central historic district in Downtown Raleigh
Urban
•
Historic
•
Great Location
•
Upscale
•
The Capital District is in the heart of Downtown Raleigh and encompasses the North Carolina State Capitol and various other historical landmarks like the North Carolina Executive Mansion. This beautiful, 19th-century governor’s mansion features Queen Anne architecture and exquisite landscaping. The Capital District is also home to the North Carolina Museum of Natural Sciences and sits near various attractions like Marbles IMAX and Marbles Kids Museum. Residents of this historic district enjoy proximity to everything that makes downtown so special, including the top-notch local restaurants, bars, and live music venues. Apartments in the Capitol District are fairly upscale, offering residents a central location in the city with scenic views of the skyline.
Rent Trends
As of January 2026, the average apartment rent in Capital District is $1,395 for a studio, $1,686 for one bedroom, $2,272 for two bedrooms, and $2,874 for three bedrooms. Apartment rent in Capital District has decreased by -5.2% in the past year.
-
Studio
-
562 sq ft
Average Sq Ft
-
$1,395/month
Average Rent
-
1 BR
-
755 sq ft
Average Sq Ft
-
$1,686/month
Average Rent
-
2 BR
-
1,135 sq ft
Average Sq Ft
-
$2,272/month
Average Rent
-
3 BR
-
1,583 sq ft
Average Sq Ft
-
$2,874/month
Average Rent
Transportation
95
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
73
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
89
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
Points of Interest
Shopping Centers
Parks and Recreation
- North Carolina Museum of Natural Sciences
- Centennial Campus Center for Wildlife Education
- Marbles Kids Museum
- Neuse Riverkeeper Foundation
- Chavis Park
Commuter Rail
Airports
- Raleigh-Durham International
Top Apartments in Capital District
Houses for Rent in Capital District
Property Management Companies
Greystar
-
3,461
Communities
-
952,828
Units
-
890
Cities
Willow Bridge
-
716
Communities
-
198,374
Units
-
339
Cities
AMC
-
646
Communities
-
127,854
Units
-
250
Cities
RPM
-
629
Communities
-
171,645
Units
-
245
Cities
Avenue5 Residential
-
551
Communities
-
121,713
Units
-
219
Cities
Cushman & Wakefield
-
469
Communities
-
110,354
Units
-
238
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.