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 May / 2026, the average rent in Downtown Raleigh is $1,893 per month, a 3.81% decrease from last years average of $1,968.

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

In Downtown Raleigh, studios rent for $1,382 per month, one-bedroom units average $1,728 per month, two-bedrooms cost around $2,395 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 550 sq. ft., one-bedrooms offer 735 sq. ft., two-bedrooms are about 1,148 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 44% of rentals in this range.

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

In Downtown Raleigh, 72% of households rent while 28% own their homes, based on the latest U.S. Census data.

Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Raleigh is $1,893, a 3.81% decrease compared to the previous year, when the average rent was $1,968.

Studio Apartments at $1,382 offer the most budget-friendly option with 550 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 735 square feet for $1,728, balancing privacy and affordability.

Two-beedroom units at $2,395 offer 1,148 square feet, perfect for roommates or small families.

Average rent in Downtown Raleigh, Raleigh, NC

Last updated: July 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,893	840 sq. ft.
Studio	$1,382	550 sq. ft.
1 Bed	$1,728	735 sq. ft.
2 Beds	$2,395	1,148 sq. ft.
3 Beds	n/a	n/a

Downtown Raleigh, Raleigh, NC rent trends

Rental prices in Downtown Raleigh, Raleigh, NC have decreased by 3.81% over the past year. The average rent moved from $1,968 to $1,893.

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

The largest share of rentals in Downtown Raleigh, Raleigh, NC (44%) 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?

1,744 or 72% of the households in Downtown Raleigh, Raleigh, NC are renter-occupied while 691 or 28% are owner-occupied.

Most affordable neighborhoods in Downtown Raleigh?

North Haven $1,078/month

Winslow Ridge at Sunnybrook $1,149/month

Glenwood North $1,151/month

All of these neighborhoods fall below the city wide average of $1,575/month.

Most expensive neighborhoods in Downtown Raleigh?

North Hills $2,350/month

Trailwood $2,713/month

Willmont $2,938/month

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

Average Rent in Raleigh, NC By Neighborhood

Neighborhood	Average Rent
Willmont	$2,938
Trailwood	$2,713
North Hills	$2,350
Fairmont	$2,139
Country Club Hills	$2,099
Farrior Hills	$1,939
Downtown Raleigh	$1,893
Caraleigh Mills	$1,886
Glenwood	$1,815
Cameron Village	$1,797
Trinity Park	$1,740
Woods of Ashbury	$1,716
Renaissance Park	$1,694
Woodcrest	$1,678
Lockwood	$1,643
Camley Hills	$1,641
Eastgate	$1,621
Brookwood	$1,582
Alexander Place	$1,577
Brier Creek	$1,573
Suncreek	$1,571
Lakeview	$1,561
Beachwood	$1,557
North Shore	$1,556
Laurel Hills	$1,549
Brentwood	$1,540
Meredith Woods	$1,523
Wakefield Plantation	$1,520
Northridge Trace	$1,519
North Ridge	$1,514
Simms Branch - Anson Grove	$1,481
Crown Oaks	$1,476
Silver Lake	$1,475
Northglen	$1,466
Brookside Village	$1,443
Village of Tryon	$1,433
Olde Raleigh	$1,431
Village of Fox Run	$1,428
Westlake Village	$1,428
Northwest Woods	$1,423
Thornton Commons	$1,422
College View	$1,398
Olde Province	$1,396
Ashebrook	$1,395
Deblyn Park	$1,388
Greenbrier	$1,383
Bent Creek	$1,377
Northclift	$1,367
Autumn Woods	$1,361
Hertford Village	$1,342
Hampton Oaks	$1,341
Pinewinds	$1,340
Pepperdyne	$1,337
Old Farm	$1,321
Sweetbriar	$1,315
Brookhaven	$1,305
Glen Forest	$1,294
Hope Valley	$1,278
Timberlake Estates	$1,274
Riverbirch	$1,263
Glenwood North	$1,151
Winslow Ridge at Sunnybrook	$1,149
North Haven	$1,078

Raleigh | Rent Comparison by Neighborhood

Rent in Downtown Raleigh is 20% higher than in Alexander Place

$1,893

Downtown Raleigh rent is the same as Raleigh average

Average Rent $1,893

$1,577

Alexander Place rent is 17% lower than Raleigh average

Average Rent $1,577

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.