511 Faye
511 Fayetteville St,
Raleigh, NC 27601
$1,325 - $7,465
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 May 2026, the average apartment rent in Capital District is $1,393 for a studio, $1,723 for one bedroom, $2,207 for two bedrooms, and $2,884 for three bedrooms. Apartment rent in Capital District has decreased by -2.6% in the past year.
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Studio
-
562 sq ft
Average Sq Ft
-
$1,393/month
Average Rent
-
1 BR
-
755 sq ft
Average Sq Ft
-
$1,723/month
Average Rent
-
2 BR
-
1,135 sq ft
Average Sq Ft
-
$2,207/month
Average Rent
-
3 BR
-
1,583 sq ft
Average Sq Ft
-
$2,884/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Capital District - Raleigh, NC is for everyday living.
Moderately Walkable
Walkability
60
/ 100
Strong Public Transit
Transit
80
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Daily Essentials
Capital District - Raleigh, NC offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 15 Minute Walk
Groceries
70
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Fair Variety of Shops Nearby
Shopping
50
/ 100
Recreation
Capital District - Raleigh, NC provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Good Wellness Amenity Variety Nearby
Wellness
60
/ 100
Local Vibe
Get a sense of what it’s like to live in Capital District - Raleigh, NC from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
50
/ 100
Good Nightlife Variety Nearby
Nightlife
70
/ 100
Very Noisy
Quiet Score
20
/ 100
Scores provided by
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
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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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.