Last updated
Average Rent in Raleigh 27603 & Rent Trends
Rent prices and market trends across 3 apartment communities in Raleigh 27603, Raleigh NC. Updated daily.
Market Average
$1,908/mo
▲ +3.8% from last month
Lowest Available
$1,528/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
20
available now
Raleigh 27603 vs Raleigh NC Average
Raleigh 27603 is more expensive the Raleigh NC average by $257/mo (16%). The citywide average is $1,651/mo across all neighborhoods.
Is Rent Going Up or Down in Raleigh 27603?
As of May 2026, the average rent in Raleigh 27603 is $1,908 per month across 3 apartment communities and 20 available units. Rents have increased $71 (3.8%) over the past month.
The most affordable option is Lenoxplace at Garner Station Apartments starting at $1,528/mo. By unit type, a 2-bedroom averages $1,908/mo.
Prices range from $1,528 to $2,430 per month. The most common price point is the $1,800 range, where 11 units are currently listed.
Raleigh 27603 Rent Price History
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 | $1,528/mo | $1,585/mo | 5 | 4.3 |
| The NinetyNine | $1,865/mo | $1,958/mo | 11 | 4.3 |
| The Metropolitan Apartments | $1,940/mo | $2,176/mo | 4 | 4.8 |
Google Search Trends for Raleigh 27603 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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
$76,000/year
30 percent rule -- using our average rent of $1,908/mo.
Comfortable income
$92,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,528/mo), you need to earn at least $61,000/year.
Median household income in Raleigh 27603 is $82,424 , about 10% 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) | $1,908 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $5,296/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.
Explore Raleigh 27603 Apartments
Browse all 3 communities with daily-updated pricing and availability.