Sterling Glenwood Apartments
3939 Glenwood Ave,
Raleigh, NC 27612
Studio - 2 Beds | $1,225 - $1,850
Rental Market Trends in Raleigh, NC
What is the average rent in Raleigh, NC?
$1,403/month
Average Rent
753 Sq Ft
Average Apartment Size
-0.9%
Decrease in the Last Year
As of June 2025, the average rent in Raleigh, NC is $1,403 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Raleigh rent prices are 14% lower than the national average. When you rent an apartment in Raleigh, you can expect to pay about $1,309 per month for a studio, $1,403 for a one-bedroom apartment, and around $1,654 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,972 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 0.9%, which averages out to $12 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 June 2025
Legend
2024
2025
Rent Ranges in Raleigh, NC
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
9%
$700 - $1,000/month
48%
$1,001 - $1,500/month
36%
$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, Pine Ridge, Lake Park Condominiums and Shamrock Meadows 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, Middleton at Wakefield, Stratford Hall and Park District 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 $1,403, you’ll want to make about $4,676 per month or $56,112 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 2.8% lower than the national average. Generally, housing in Raleigh is 8.1% less expensive than the national average, with rent falling between $1,309 - $1,972. You can expect to pay 0.6% more for groceries, 10.2% less for utilities, and 7.9% 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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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 June 2025.
* Percentages may not total 100 due to rounding.