The SoHo Luxury Apartments
13100 Margie Ln,
Raleigh, NC 27603
$1,299 - $1,990
1-3 Beds
Rental Market Trends in Raleigh, NC
What is the average rent in Raleigh, NC?
$1,365/month
Average Rent
757 Sq Ft
Average Apartment Size
-3.2%
Decrease in the Last Year
As of February 2026, the average rent in Raleigh, NC is $1,365 per month. This is 16% lower than the national average rent of $1,625/month, making renting in Raleigh more affordable than most cities in the US. When you rent an apartment in Raleigh, you can expect to pay about $1,292 per month for a studio, $1,365 for a one-bedroom apartment, and around $1,605 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,879 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Raleigh, NC?
In the past year, rent has decreased by 3.2%, which averages out to $44 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025
2026
Rent Ranges in Raleigh, NC
Last Updated February 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
53%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Raleigh?
Based on current rent prices, Village on the Green, Lynndale Estates and Brookhaven West are the most affordable neighborhoods in Raleigh.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Raleigh?
Based on current rent prices, Dorothea Dix, Seaboard Station and Heritage Park are the most expensive neighborhoods in Raleigh.
Neighborhood
Average Rent
Average Sq Ft
Which Raleigh neighborhoods have the most rentals available?
The neighborhoods in Raleigh with the most apartments available are Downtown Raleigh, Northeast Raleigh and Northwest Raleigh .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Raleigh, NC?
Because the average rent in Raleigh is $1,365, you’ll want to make about $4,550 per month or $54,600 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Raleigh, NC is 5.1% lower than the national average. Generally, housing in Raleigh is 12.1% less expensive than the national average, with rent falling between $1,292 - $1,879. You can expect to pay 0.5% more for groceries, 11.2% less for utilities, and 10.7% less for transportation.
How does Raleigh, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Raleigh, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,704/month
One Bedroom
-
$2,340/month
Two Bedroom
-
$3,514/month
Three Bedroom
-
$6,002/month
Nearby City Rent Trends
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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.
* Percentages may not total 100 due to rounding.