Last updated
Average Rent in Raleigh 27614 & Rent Trends
Rent prices and market trends across 2 apartment communities in Raleigh 27614, Raleigh, NC. Updated daily.
Market Average
$1,444/mo
Lowest Available
$1,140/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
10
available now
Raleigh 27614 vs Raleigh, NC Average
Raleigh 27614 is cheaper the Raleigh, NC average by $314/mo (18%). The citywide average is $1,758/mo across all neighborhoods.
Is Rent Going Up or Down in Raleigh 27614?
As of July 2026, the average rent in Raleigh 27614 is $1,444 per month across 2 apartment communities and 10 available units.
The most affordable option is Legacy at Wakefield Apartments starting at $1,140/mo. By unit type, a 1-bedroom averages $1,444/mo.
Prices range from $1,140 to $1,681 per month. The most common price point is the $1,600 range, where 4 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Raleigh 27614
Rent Prices by Apartment in Raleigh 27614
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Legacy at Wakefield Apartments | $1,140/mo | $1,260/mo | 4 | 4.3 |
| Wakefield Glen Apartments | $1,365/mo | $1,566/mo | 6 | 4 |
Frequently Asked Questions About Rent in Raleigh 27614
What is the average rent in Raleigh 27614?
Is rent going up or down in Raleigh 27614?
What is the cheapest apartment in Raleigh 27614?
How much is a 1-bedroom apartment in Raleigh 27614?
How many apartments are available in Raleigh 27614?
What salary do I need to live comfortably in Raleigh 27614?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$58,000/year
Based on the 30 percent rule, using our tracked average rent of $1,444/mo.
Comfortable income
$69,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,140/mo), you need to earn at least $46,000/year.
Median household income in Raleigh 27614 is $82,424 , about 19% above the comfortable-living threshold.
Cost of living in Raleigh 27614
Overall prices in Raleigh 27614 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 27614's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,444 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $4,832/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 27614 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Raleigh 27614 Apartments
Browse all 2 communities with daily-updated pricing and availability.