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Fair Market Rent Prices in Raleigh, NC :
$962 $1,022 $1,163 $1,482 $1,895
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Raleigh are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Raleigh is $1,163 per month.

The previous year, rent for a two-bedroom home was $1,086 per month. This is a 7.09% increase year-over-year.

This FMR rate applies to Wilsons Mills, NC, Micro, NC, Pine Level, NC, Bunn, NC, Castalia, NC, Kittrell, NC, Rolesville, NC, Newton Grove, NC, Warrenton, NC, Middlesex, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO39580M39580.

Additionally, This Fair Market Rent (FMR) area Raleigh, NC MSA spans three counties or cities in North Carolina which ares listed in the table below. Estimated population of Raleigh, NC MSA FMR area is 1,273,985 people based on latest Census data.

Compared to the rest of North Carolina, the Raleigh FMR area is more expensive than 96% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Raleigh. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Raleigh

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1030
1-BR 1-Bedroom $ 1094
2-BR 2-Bedroom $ 1245
3-BR 3-Bedroom $ 1587
4-BR 4-Bedroom $ 2028
Change Year:

The counties, cities, towns, and regions listed below fall into the Raleigh, NC MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Raleigh - Durham (Fayetvlle).

County / Region Est. Population
Franklin County, NC Metro 63,865
Johnston County, NC Metro 186,310
Wake County, NC Metro 1,023,810
Zip Codes in Raleigh, NC MSA

There are 66 unique zip codes in this Fair Market Rent (FMR) area:

27508, 27511, 27512, 27513, 27518, 27520, 27524, 27525, 27527, 27528, 27529, 27537, 27539, 27542, 27544, 27545, 27549, 27555, 27557, 27568, 27569, 27571, 27576, 27577, 27587, 27588, 27589, 27591, 27593, 27596, 27597, 27601, 27602, 27603, 27604, 27605, 27606, 27607, 27608, 27609, 27610, 27611, 27612, 27614, 27615, 27616, 27619, 27620, 27622, 27623, 27624, 27627, 27628, 27629, 27636, 27640, 27656, 27658, 27661, 27675, 27690, 27697, 27699, 27816, 27882 and 28366

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