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

The average size for a Downtown Raleigh, Raleigh, NC apartment is 839 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 Mar / 2026, the average rent in Downtown Raleigh is $1,872 per month, a 3.96% decrease from last years average of $1,949.

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

In Downtown Raleigh, studios rent for $1,387 per month, one-bedroom units average $1,697 per month, two-bedrooms cost around $2,385 per month.

What is the average apartment size in Downtown Raleigh?

The typical apartment in Downtown Raleigh offers about 839 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 550 sq. ft., one-bedrooms offer 734 sq. ft., two-bedrooms are about 1,149 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 43% 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: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Raleigh is $1,872, a 3.96% decrease compared to the previous year, when the average rent was $1,949.

Studio Apartments at $1,387 offer the most budget-friendly option with 550 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 734 square feet for $1,697, balancing privacy and affordability.

Two-beedroom units at $2,385 offer 1,149 square feet, perfect for roommates or small families.

Average rent in Downtown Raleigh, Raleigh, NC

Last updated: April 22, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,872	839 sq. ft.
Studio	$1,387	550 sq. ft.
1 Bed	$1,697	734 sq. ft.
2 Beds	$2,385	1,149 sq. ft.
3 Beds	n/a	n/a

Downtown Raleigh, Raleigh, NC rent trends

Rental prices in Downtown Raleigh, Raleigh, NC have decreased by 3.96% over the past year. The average rent moved from $1,949 to $1,872.

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

The largest share of rentals in Downtown Raleigh, Raleigh, NC (43%) 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.

Most affordable neighborhoods in Downtown Raleigh?

North Haven $1,078/month

Winslow Ridge at Sunnybrook $1,144/month

Glenwood North $1,180/month

All of these neighborhoods fall below the city wide average of $1,560/month.

Most expensive neighborhoods in Downtown Raleigh?

Fairmont $2,150/month

Trailwood $2,747/month

Willmont $2,920/month

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

Average Rent in Raleigh, NC By Neighborhood

Neighborhood	Average Rent
Willmont	$2,920
Trailwood	$2,747
Fairmont	$2,150
Downtown Raleigh	$1,872
Farrior Hills	$1,870
Caraleigh Mills	$1,863
Glenwood	$1,812
Cameron Village	$1,786
James W Dickens	$1,763
Trinity Park	$1,753
Lockwood	$1,664
Camley Hills	$1,632
Eastgate	$1,618
Renaissance Park	$1,601
Laurel Hills	$1,570
Hedingham	$1,570
Suncreek	$1,569
Alexander Place	$1,568
North Shore	$1,552
Brier Creek	$1,548
Lakeview	$1,538
Beachwood	$1,537
Brentwood	$1,530
North Ridge	$1,516
Northridge Trace	$1,512
Meredith Woods	$1,512
Wakefield Plantation	$1,511
Northglen	$1,458
Simms Branch - Anson Grove	$1,455
Silver Lake	$1,452
College View	$1,444
Westlake Village	$1,441
Thornton Commons	$1,433
Village of Fox Run	$1,429
Village of Tryon	$1,424
Olde Raleigh	$1,422
Olde Province	$1,413
Brookside Village	$1,407
Northwest Woods	$1,404
Deblyn Park	$1,395
Northclift	$1,393
Cardinal Grove	$1,392
Glen Forest	$1,380
Bent Creek	$1,366
Ashebrook	$1,360
Autumn Woods	$1,353
Hertford Village	$1,334
Greenbrier	$1,333
Hampton Oaks	$1,324
Pepperdyne	$1,323
Brookhaven	$1,315
Sweetbriar	$1,299
Old Farm	$1,293
Timberlake Estates	$1,290
Riverbirch	$1,283
Hope Valley	$1,270
Glenwood North	$1,180
Winslow Ridge at Sunnybrook	$1,144
North Haven	$1,078

Raleigh | Rent Comparison by Neighborhood

Rent in Downtown Raleigh is 19% higher than in Alexander Place

$1,872

Downtown Raleigh rent is the same as Raleigh average

Average Rent $1,872

$1,568

Alexander Place rent is 16% lower than Raleigh average

Average Rent $1,568

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.