Last updated
Average Rent in Raleigh 27603 & Rent Trends
Rent prices and market trends across 14 apartment communities in Raleigh 27603, Raleigh, NC. Updated daily.
Market Average
$1,577/mo
Lowest Available
$599/mo
cheapest unit on market
Communities
14
tracked daily
Units Listed
163
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Raleigh 27603 vs Raleigh, NC Average
Raleigh 27603 is cheaper than the Raleigh, NC average by $45/mo (3%). The citywide average is $1,622/mo across all neighborhoods.
Is Rent Going Up or Down in Raleigh 27603?
As of October 2026, the average rent in Raleigh 27603 is $1,577 per month across 14 apartment communities and 163 available units.
The most affordable option is Centennial Ridge Student Housing starting at $599/mo. By unit type, a studio averages $1,387/mo, a 1-bedroom averages $1,484/mo, a 2-bedroom averages $1,761/mo, a 3-bedroom averages $1,736/mo, a 4-bedroom averages $799/mo.
Prices range from $599 to $2,715 per month. The most common price point is the $1,400 range, where 43 units are currently listed.
Raleigh 27603 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,782 | - | 6 |
| July 2026 | $1,741 | -$41 | 9 |
| August 2026 | $1,713 | -$28 | 9 |
| September 2026 | $1,671 | -$42 | 12 |
| October 2026 | $1,571 | -$100 | 14 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Raleigh 27603
Rent Prices by Apartment in Raleigh 27603
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Centennial Ridge Student Housing | $599/mo | $605/mo | 13 | 3.1 |
| University Village at 2505 | $799/mo | $799/mo | 13 | 3 |
| Lenoxplace at Garner Station Apartments | $1,182/mo | $1,307/mo | 16 | 4.3 |
| The Villages at McCullers Walk Apartments | $1,328/mo | $1,540/mo | 4 | 4.7 |
| Comet Garner Apartments | $1,330/mo | $1,506/mo | 8 | 4.5 |
| The Metropolitan Apartments | $1,380/mo | $1,748/mo | 11 | 4.8 |
| The Pines at Peach Road Apartments | $1,390/mo | $1,390/mo | 1 | 4.1 |
Frequently Asked Questions About Rent in Raleigh 27603
What is the average rent in Raleigh 27603?
Is rent going up or down in Raleigh 27603?
What is the cheapest apartment in Raleigh 27603?
How much is a 1-bedroom apartment in Raleigh 27603?
How many apartments are available in Raleigh 27603?
What salary do I need to live comfortably in Raleigh 27603?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$63,000/year
Based on the 30 percent rule, using our tracked average rent of $1,577/mo.
Comfortable income
$76,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($599/mo), you need to earn at least $24,000/year.
Median household income in Raleigh 27603 is $82,424 , about 9% above the comfortable-living threshold.
Cost of living in Raleigh 27603
Overall prices in Raleigh 27603 runs below the national average by about 2% (BEA Regional Price Parity index 98.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Raleigh 27603's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,577 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $4,965/mo |
Population
470,763
Median household income
$82,424
Census median rent
$1,468/mo
Census rent burden
30.5%
Median age
34.7
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Raleigh 27603 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Raleigh 27603 Apartments
Browse all 14 communities with daily-updated pricing and availability.