Rent by ZIP · Wake County
Rent in Raleigh, NC 27616
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,740 (-4.4% vs FY2026). Renters in this ZIP code pay a median $1,659 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,530 | $1,590 | -3.8% | $1,377–1,683 | $1,196 ±$401 |
| 1 bedroom | $1,600 | $1,660 | -3.6% | $1,440–1,760 | $1,286 ±$108 |
| 2 bedrooms | $1,740 | $1,820 | -4.4% | $1,566–1,914 | $1,593 ±$85 |
| 3 bedrooms | $2,170 | $2,280 | -4.8% | $1,953–2,387 | $1,861 ±$91 |
| 4 bedrooms | $2,910 | $3,050 | -4.6% | $2,619–3,201 | $2,567 ±$283 |
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 27616
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 |
|---|---|---|---|
| 27615 | Raleigh | $1,880 | $1,661 |
| 27617 | Raleigh | $1,910 | $1,744 |
| 27614 | Raleigh | $1,750 | $1,545 |
| 27613 | Raleigh | $1,690 | $1,688 |
| 27612 | Raleigh | $1,950 | $1,710 |
| 27610 | Raleigh | $1,420 | $1,222 |
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.