Raleigh Rental Prices Up 21%

Hi Friends!

This just in..keep reading to find out how we are faring with local rental prices. 
Tell us, does this make you want to buy? We are here to assist in your time of need!  Click here to get started.

Raleigh, NC

By Maggie Brown, WRAL multiplatform producer

Rent prices in Raleigh continue to rise as the economy rebounds from the pandemic, according to a new report from Apartment List.

Raleigh rent prices have risen by 21.7% since last spring and the median price of a two-bedroom apartment has reached a high of $1,540, the report indicates.

"Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise," according to Apartment List. "The state as a whole logged rent growth of 20% over the past year."

Asheville is the most expensive major North Carolina city to rent an apartment in, with the median two-bedroom apartment at $1,774.

While across the nation renters are dealing with price hikes, rent prices are relatively high in Raleigh when compared to other major cities.