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How Much is the Rent in Downtown Raleigh, N.C?

Rents in Raleigh

Living in the suburbs is so out of fashion. If you want to be in hub of things, then you need to find an awesome place to rent in downtown Raleigh, North Carolina. Renting downtown has so many perks and benefits – if not only for the simple convenience of it all.

The Benefits of Renting in Downtown Raleigh

Living and paying rent in downtown Raleigh has a lot to offer. There is so much to do downtown. You are in the midst of all the activity and excitement. Check out this list of benefits:

  • Less commute means more free time and less road rage
  • Easy access to shopping, dining and entertainment
  • Reduced travel expenses – maybe you wouldn’t even need a car
  • Lots to do means you will get outside more and even take a walk.
  • It’s hard to feel lonely when you are in the hub of activity.
  • Buses run every 10 to 15 minutes.
  • 54% of the Downtown residents are between the ages of 25 and 40.

So, what can you do downtown? Well, are you sitting down? There are over 165 restaurants and bars in just the downtown area alone. Then you have the myriads of clothing, furniture and antique stores; dozens of art galleries and a ton of hot nightlife spots.  There are 15 top museums and attractions that draw over 3.4 million visitors annually to the downtown area. The top downtown attractions include:

If you want to check out all there is to do in downtown Raleigh, then check out Go Downtown Raleigh for more information.

How Much is the Rent in Downtown Raleigh?

There are lots of different choices to choose from if you want to rent in downtown Raleigh. You have industrial studio apartments as well as your traditional one and two bedroom apartments. We did some market research and here is what you can expect to pay if you move into Metro Raleigh.

Average Rent by Raleigh Neighborhood

Within the City of Raleigh, NC you can expect to pay on the average $1,143 and it jumps to $1,399 downtown. A one bedroom apartment in downtown Raleigh goes for $1,080 a month, a two bedroom rents out for $1,231 and a three bedroom apartment in the city center will set you back $1,894 each month. These are the averages. A one bedroom/studio will range between $852 and $1,500 whereas a three bedroom will range between $1,380 and $2,880.

  • North Central $ 1,579
  • Wade $ 1,462
  • Hillsborough $ 1,373
  • Central $ 1,323
  • Falls of Neuse $ 1,298
  • Six Forks $ 1,265
  • Mordecai $ 1,193
  • Five Points $ 1,160
  • Northwest $ 1,091
  • West $ 1,077
  • Southeast $ 1,071
  • Northeast $ 967
  • Southwest $ 963
  • Glenwood $ 914
  • East Raleigh $ 801

Photo Credit: Rent Jungle

There is a high demand to rent in downtown Raleigh. This demand is pushing up rents. We saw a 6% increase in rental rates over last year. According to Rent Café, downtown rentals are priced as show here:

  • All Rentals: $ 1,222
  • Studio: $ 1,103
  • 1 Bedroom: $ 1,108
  • 2 Bedroom: $ 1,268
  • 3 Bedroom: $ 1,596

This high demand has spurred a flurry of new construction. According to the Downtown Raleigh Report, there are presently 2,458 residential units either under construction or so to be available for rent in the near future.

Featured Rental in Downtown Raleigh

We at Victory Real Estate Inc. are passionate about property management and we have some of the best properties for rent in some of the best neighborhoods in all of Raleigh, NC. Check out this sweet condo down at 710 Independence.

710 Independence                         $2,699 per Month                   Single Family Condominium

2 Bedrooms/2 Baths                           Includes water                              Gorgeous architecture

Skyline view from the wrought-iron balcony                                         Landscaped

Premium faucets, fixtures and lighting.                                                  Dark wood cabinetry

French door refrigerator with wide drawer                                           French doors

Wood floors and beautiful crown molding                                            Washer & Dryer

Do you want to see more pictures or even apply to rent this gorgeous condo? Then just click on this link. If you would like to check out the rest of our listings in Raleigh, then check out this link as well. We here at Victory Real Estate would love to help you find the perfect rental in downtown Raleigh. Just give us a call at 919.249.8555.

 


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