Raleigh Fair Market Rent FY 2023 Raleigh, NC MSA Rental Data

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 $1,412 per month.

The previous year, rent for a two-bedroom home was $1,223 per month. This is a 15.45% increase year-over-year.

This FMR rate applies to Bunn, NC, Castalia, NC, Kittrell, NC, Warrenton, NC, Middlesex, NC, Spring Hope, NC, Franklinton, NC, Youngsville, NC, Louisburg, NC, Henderson, 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 one county or city in North Carolina which is listed in the table below. Estimated population of Raleigh, NC MSA FMR area is 68,027 people based on latest Census data.

Compared to the rest of North Carolina, the Raleigh FMR area is more expensive than 98% of the state.

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.

50^th Percentile Rental Prices: