The SoHo Luxury Apartments
13100 Margie Ln,
Raleigh, NC 27603
1-3 Beds | $1,445 - $1,990
Rental Market Trends in Raleigh, NC
Updated August 2026
The average rent in Raleigh, NC is $1,391/month.
Rent in Raleigh is 16% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,391/month
Average Rent
757 Sq Ft
Average Size
+1.3%
Change / Year
14,521
Available Apartments
Raleigh rent varies by unit size and layout:
- Studio apartments in Raleigh average $1,313 per month.
- One-bedroom apartments in Raleigh average $1,391 per month.
- Two-bedroom apartments in Raleigh average $1,630 per month.
- Three-bedroom apartments in Raleigh average $1,906 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Raleigh, NC?
In the past year, rent has increased by 1.3%, which averages out to $19 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Raleigh, NC
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
8%
$700 - $1,000/month
52%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Raleigh?
Based on current rent prices, Sandy Land Village, St Marys Estates/Emerald Village and Southeast Raleigh 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, Seaboard Station, Dorothea Dix and Capital 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, Walnut Creek and North 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 $1,391, you’ll want to make about $4,636 per month or $55,632 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 5.6% lower than the national average. Generally, housing in Raleigh is 14.0% less expensive than the national average, with rent falling between $1,313 - $1,906. You can expect to pay 1.4% more for groceries, 9.5% less for utilities, and 11.6% 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.
View the Raleigh Area GuideStudio
-
$1,347/month
One Bedroom
-
$1,927/month
Two Bedroom
-
$2,723/month
Three Bedroom
-
$2,282/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Knightdale
Avg Rent: $1,333/month
-
Garner
Avg Rent: $1,318/month
-
Cary
Avg Rent: $1,477/month
-
Morrisville
Avg Rent: $1,412/month
-
Wendell
Avg Rent: $1,440/month
-
Apex
Avg Rent: $1,453/month
-
Rolesville
Avg Rent: $1,395/month
-
Wake Forest
Avg Rent: $1,399/month
Apartment Communities in Raleigh We Think You'll Love
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Frequently Asked Questions
What is the average rent in Raleigh?
The average rent in Raleigh is $1,391 per month, which is 16.4% lower than the national average of $1,663.
What is the average rent for a house in Raleigh?
The average rent for a house in Raleigh, NC is $2,019 per month.
What is the average rent for a townhome in Raleigh?
The average rent for a townhome in Raleigh, NC is $1,603 per month.
What is the average rent for a condo in Raleigh?
The average rent for a condo in Raleigh, NC is $911 per month.
Are rents going up or down in Raleigh?
Rents in Raleigh, NC are increasing, with prices up 1.3% year-over-year and $19 more per month.
What rent range is most common in Raleigh?
In Raleigh, NC, 52% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.