What is the average apartment size in Downtown Raleigh, Raleigh, NC?

The average size for a Downtown Raleigh, Raleigh, NC apartment is 840 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Downtown Raleigh?

As of Oct / 2025, the average rent in Downtown Raleigh is $1,942 per month, a 1.02% decrease from last year’s average of $1,962.

How much does rent cost by apartment size in Downtown Raleigh?

In Downtown Raleigh, studios rent for $1,364 per month, one-bedroom units average $1,778 per month, two-bedrooms cost around $2,469 per month, and three-bedroom apartments rent for about $3,078 per month

What is the average apartment size in Downtown Raleigh?

The typical apartment in Downtown Raleigh offers about 840 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Raleigh?

Studio apartments in Downtown Raleigh average 552 sq. ft., one-bedrooms offer 734 sq. ft., two-bedrooms are about 1,150 sq. ft., and three-bedroom apartments average 1,526 sq. ft.

Downtown Raleigh, Raleigh, NC Rental Market Trends

Q: What's the typical rent budget in Downtown Raleigh?

The typical rent budget in Downtown Raleigh ranges from $1,501 to $2,000 per month, with 37% of rentals in this range.

Q: Do most people rent or own in Downtown Raleigh?

In Downtown Raleigh, 70% of households rent while 30% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Raleigh is $1,942, a 1.02% decrease compared to the previous year, when the average rent was $1,962.

Studio Apartments at $1,364 offer the most budget-friendly option with 552 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 734 square feet for $1,778, balancing privacy and affordability.

Two-beedroom units at $2,469 offer 1,150 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,526 sq ft) for $3,078, suitable for larger households.

Average rent in Downtown Raleigh, Raleigh, NC

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,942	840 sq. ft.
Studio	$1,364	552 sq. ft.
1 Bed	$1,778	734 sq. ft.
2 Beds	$2,469	1,150 sq. ft.
3 Beds	$3,078	1,526 sq. ft.

Downtown Raleigh, Raleigh, NC rent trends

Rental prices in Downtown Raleigh, Raleigh, NC have decreased by 1.02% over the past year. The average rent moved from $1,962 to $1,942.

What's the typical rent budget in Downtown Raleigh, Raleigh, NC?

The largest share of rentals in Downtown Raleigh, Raleigh, NC (37%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Raleigh, Raleigh, NC?

1,540 or 70% of the households in Downtown Raleigh, Raleigh, NC are renter-occupied while 664 or 30% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Downtown Raleigh?

Glenwood North $1,202/month

Riverbirch $1,212/month

Timberlake Estates $1,266/month

All of these neighborhoods fall below the city wide average of $1,579/month.

Most expensive neighborhoods in Downtown Raleigh?

Country Club Hills $1,957/month

Fairmont $2,178/month

Willmont $2,908/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Raleigh, NC By Neighborhood

Neighborhood	Average Rent
Willmont	$2,908
Fairmont	$2,178
Country Club Hills	$1,957
Downtown Raleigh	$1,942
Caraleigh Mills	$1,934
Farrior Hills	$1,867
Cameron Village	$1,841
Glenwood	$1,834
Camley Hills	$1,735
North College Park	$1,734
Renaissance Park	$1,728
James W Dickens	$1,714
Trinity Park	$1,707
Eastgate	$1,655
Alexander Place	$1,610
Hedingham	$1,604
Simms Branch - Anson Grove	$1,602
Suncreek	$1,594
North Shore	$1,567
Glen Forest	$1,559
Northwest Woods	$1,551
Brier Creek	$1,549
Laurel Hills	$1,541
Brentwood	$1,539
Wakefield Plantation	$1,534
Silver Lake	$1,530
Lakeview	$1,523
Beachwood	$1,514
Northridge Trace	$1,512
Meredith Woods	$1,486
North Ridge	$1,480
Village of Tryon	$1,448
Olde Province	$1,445
Ashebrook	$1,433
Olde Raleigh	$1,424
Village of Fox Run	$1,414
Thornton Commons	$1,402
College View	$1,397
Cardinal Grove	$1,392
Brookhaven	$1,382
Northclift	$1,354
Hertford Village	$1,349
Deblyn Park	$1,329
Pepperdyne	$1,325
Sweetbriar	$1,325
Bent Creek	$1,321
Westlake Village	$1,307
Old Farm	$1,302
Hope Valley	$1,282
Timberlake Estates	$1,266
Riverbirch	$1,212
Glenwood North	$1,202

Raleigh | Rent Comparison by Neighborhood

Rent in Downtown Raleigh is 21% higher than in Alexander Place

$1,942

Downtown Raleigh rent is the same as Raleigh average

Average Rent $1,942

$1,610

Alexander Place rent is 17% lower than Raleigh average

Average Rent $1,610

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Raleigh apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.