Raleigh Rent Rates: Uncover Diverse Costs & Experiences

TL/DR –

Rent in Raleigh, North Carolina, is so high that some residents are struggling to afford it, despite a new report from RentCafe ranking Raleigh as the 12th best city in the country for renters in 2024. The average median price for rent in Raleigh is $1,900 per month, although this is lower compared to other metros like Charlotte, Washington D.C., and New York City. According to RentCafe, 67.6% of Raleigh apartments are considered high-end.

Raleigh’s High Rent Dilemma

The rent in Raleigh, N.C. is notably high, leading to concerns about affordability. Some residents, like Ashlee Webb, express frustration, calling it an “exploitation.”

Webb relocated from Durham to Raleigh due to rising costs and struggles to maintain a work-life balance while ensuring comfort for her children. Despite these challenges, a recent RentCafe report positions Raleigh as the 12th best U.S. city for renters in 2024.

Webb observes that while newcomers may find Raleigh’s cost of living affordable compared to their previous locations, it’s a significant change for long-term residents. Data from Zillow shows Raleigh’s median rent to be $1,900 monthly, a $50 decrease from 2023.

Brad Childress, another Raleigh local, acknowledges that while he could afford the median rent, he can’t comprehend how families with lower income manage. Despite this concern, he finds his rent reasonable compared to friends living in cities like New York and Washington D.C.

Notably, 67.6% of Raleigh apartments fall into the high-end category according to RentCafe. Webb criticizes the yearly rent increases, questioning the justification for this practice. Despite its ranking as a top city for renters, Raleigh’s high rental costs continue to be a source of concern for many of its residents.

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