Rent by ZIP · Wake County
Rent in Raleigh, NC 27603
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,600 (-4.2% vs FY2026). Renters in this ZIP code pay a median $1,547 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,410 | $1,450 | -2.8% | $1,269–1,551 | $1,298 ±$165 |
| 1 bedroom | $1,470 | $1,520 | -3.3% | $1,323–1,617 | $1,633 ±$117 |
| 2 bedrooms | $1,600 | $1,670 | -4.2% | $1,440–1,760 | $1,476 ±$135 |
| 3 bedrooms | $1,990 | $2,100 | -5.2% | $1,791–2,189 | $1,622 ±$167 |
| 4 bedrooms | $2,670 | $2,800 | -4.6% | $2,403–2,937 | $1,538 ±$1,170 |
Small Area FMRs for the Raleigh-Cary, NC MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Raleigh-Cary, NC MSA, 2 bedrooms: $1,689.
What renters pay in 27603
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 27604 | Raleigh | $1,620 | $1,425 |
| 27601 | Raleigh | $1,750 | $1,551 |
| 27605 | Raleigh | $1,830 | $1,814 |
| 27606 | Raleigh | $1,660 | $1,497 |
| 27607 | Raleigh | $1,730 | $1,579 |
| 27608 | Raleigh | $1,800 | $1,683 |
Fair Market Rents across Wake County, NC · All NC counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.