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Rent by ZIP · Wake County

Rent in Raleigh, NC 27617

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,910 (-5% vs FY2026). Renters in this ZIP code pay a median $1,736 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$1,680$1,750-4%$1,512–1,848$1,469 ±$199
1 bedroom$1,750$1,830-4.4%$1,575–1,925$1,577 ±$129
2 bedrooms$1,910$2,010-5%$1,719–2,101$1,744 ±$42
3 bedrooms$2,370$2,520-6%$2,133–2,607$2,235 ±$148
4 bedrooms$3,170$3,360-5.7%$2,853–3,487$3,040 ±$655

Small Area FMRs for the Raleigh-Cary, NC MSA. This ZIP code is in more than one HUD area; figures are for the main one. 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 27617

Median gross rent$1,736±$46 · all sizes
Renter households5,81657% of occupied homes
No cash rent29households

How rents are spread

Under $1,0003%
$1,000–1,49920%
$1,500–1,99957%
$2,000–2,49914%
$2,500–2,9995%
$3,000–3,4991%
$3,500+1%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
27616Raleigh$1,740$1,593
27615Raleigh$1,880$1,661
27614Raleigh$1,750$1,545
27613Raleigh$1,690$1,688
27612Raleigh$1,950$1,710
27610Raleigh$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.