Last updated
Average Rent in Raleigh 27603 & Rent Trends
Rent prices and market trends across 5 apartment communities in Raleigh 27603, Raleigh, NC. Updated daily.
Market Average
$2,203/mo
Lowest Available
$1,421/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
25
available now
Price Cuts This Week in Raleigh 27603
24 listed units across 4 buildings offering 3 bed units in Raleigh 27603 dropped their asking rent in the past 7 days, an average cut of $67/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The NinetyNine | Unit 6200 | $2,005 | $1,725 | $280 |
| The NinetyNine | Unit 1201, B3 - Delta | $1,865 | $1,725 | $140 |
| Hudson at Georgia's Landing | Unit 416-124, Watsonia | $2,980 | $2,855 | $125 |
| Hudson at Georgia's Landing | Unit 435-132, Watsonia | $2,980 | $2,855 | $125 |
| Hudson at Georgia's Landing | Unit 437-124, Watsonia | $3,030 | $2,905 | $125 |
| Hudson at Georgia's Landing | Unit 441-108, Waterlily | $3,030 | $2,905 | $125 |
| The NinetyNine | Unit 1208 | $2,099 | $1,999 | $100 |
| The NinetyNine | Unit 1409 | $2,099 | $1,999 | $100 |
Raleigh 27603 vs Raleigh, NC Average
Raleigh 27603 is more expensive the Raleigh, NC average by $445/mo (25%). The citywide average is $1,758/mo across all neighborhoods.
Is Rent Going Up or Down in Raleigh 27603?
As of July 2026, the average rent in Raleigh 27603 is $2,203 per month across 5 apartment communities and 25 available units.
The most affordable option is Lenoxplace at Garner Station Apartments starting at $1,421/mo. By unit type, a 3-bedroom averages $2,203/mo.
Prices range from $1,421 to $2,905 per month. The most common price point is the $1,800 range, where 7 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Raleigh 27603
Rent Prices by Apartment in Raleigh 27603
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Lenoxplace at Garner Station Apartments | $1,421/mo | $1,451/mo | 3 | 4.3 |
| The Villages at McCullers Walk Apartments | $1,944/mo | $1,944/mo | 1 | 4.7 |
| The NinetyNine | $1,999/mo | $1,999/mo | 6 | 4.3 |
| Hudson at Georgia's Landing | $2,115/mo | $2,471/mo | 14 | 4.7 |
| Abberly Royal Creek Apartment Homes | $2,192/mo | $2,192/mo | 1 | 5 |
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 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
$88,000/year
Based on the 30 percent rule, using our tracked average rent of $2,203/mo.
Comfortable income
$106,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,421/mo), you need to earn at least $57,000/year.
Median household income in Raleigh 27603 is $82,424 , about 22% below 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) | $2,203 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $5,591/mo |
Population
470,763
Median household income
$82,424
Census median rent
$1,468/mo
Rent as % of income
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 5 communities with daily-updated pricing and availability.