Average Rent in Raleigh-Cary, NC
The Fair Market Rent for a 2-bedroom in Raleigh-Cary, NC is $1,750 per month, based on HUD data. With a median household income of $96,066, a household would spend 21.9% of income on housing at Fair Market Rent. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,524 |
| 1 Bedroom | $1,596 |
| 2 Bedroom | $1,750 |
| 3 Bedroom | $2,196 |
| 4 Bedroom | $2,936 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $96,066 |
| Rent Burden (2BR FMR / Income) | 21.9% |
| Income Needed for 2BR (30% rule) | $70,000/yr |