Apartments in 27616

38 rentals

Apartments For Rent Near 27616

We found 30 more apartments matching your filters just outside 27616

Average Rent Trends in 27616

Rent in 27616 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Jun 2025$1,254
Jul 2025$1,499
Aug 2025$1,510
Sep 2025$1,336
Oct 2025$1,454
Nov 2025$1,467
Dec 2025$1,303
Jan 2026$1,353
Feb 2026$1,361
Mar 2026$1,416
Apr 2026$1,423
May 2026$1,401
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,112$1,495$1,893$2,250$1,850
Townhomes—$1,625$1,850$2,099$1,845
Apartments and Condos$900$1,225$1,895$1,473$1,290
Houses$600$1,600$1,925$2,250$1,975

Frequently Asked Questions about Apartments and Condos for rent in 27616

  • What is the average rent of an apartment in 27616?
    The average rent of an apartment in 27616 is $1,388 per month. This is about 28% lower than the national average.
  • When is the average rent cheapest in 27616?
    In the last year, the average rent in 27616 was lowest in Feb 2025 when it was $1,183 per month.
  • When is the average rent most expensive in 27616?
    In the last year, the average rent in 27616 was highest in Aug 2025 when it was $1,510 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 27616?
    The average rent of a 1 bedroom apartment in 27616 is $1,096 per month. That is about $1,063 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 27616?
    There are 40 available apartments or condos to rent in 27616.
  • What are some cities near 27616?
    Some nearby cities include: Rolesville, Knightdale, Raleigh, Wake Forest, Wendell, Youngsville. These cities may have more rental options to explore.