Raleigh Rental Prices Up 21%
This just in..keep reading to find out how we are faring with local rental prices.
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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.