Mon. Jan 30th, 2023

RentCafe, an apartment lookup site, performed a survey to establish which towns and cities offer you residences with the most “bang for your buck” for renters.

RentCafe analyzed how a lot room renters across big U.S. metropolitan areas and in the Raleigh location could get for $1,500.

Nearby conclusions exposed residences within Raleigh city limitations present 943 sq. feet of apartment area for a month to month lease of $1,500, position Raleigh No. 10 in a list of the most roomy flats out there in that selling price vary in the place.

In Raleigh, tenants spend an approximate regular monthly rent of $1,542 for 958 sq. ft. flats, the study uncovered.

Apple, other development projects means higher rent prices, too, experts warn

The greatest choice for renters seeking a lot more room is Clayton, where renters can get 1,132 sq. ft. for $1,500, RentCafe revealed. In No. 2 and No. 3 are Garner and Wake Forest, exactly where many apartments give more than 1,000 sq. ft. of area for $1,500.

RentCafe apartment study

It is not just residence rates that are increasing — the price of hire is rising as perfectly, and a new report finds that in the Raleigh area, the median monthly price tag of leasing an apartment has greater by 23.1% in the last 12 months.

Over-all, the median month to month rental value in the Raleigh spot is now $1,591, the Realtor.com report discovered. That’s an boost of 23.1% yr-over-calendar year.

You can discover the full examine listed here.