Luxury Apartments for Rent in 27616
196 rentals
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SPECIAL OFFERPET FRIENDLYTotal price$1,362 - $2,602/mo
1-3 Beds
1-2 BathsElan Capital Hills | 7100 Homestead Heights Ln #7-303,
Raleigh, NC 27616
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SPECIAL OFFERPET FRIENDLYTotal price$1,530 - $2,333/mo1-3 Beds1-2 BathsSolis Buffaloe | 2500 Red Bartlett Way #7-309,
Raleigh, NC 27616
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$1,336 - $2,273/mo1-3 Beds1-2 BathsRaleigh Exchange | 5901 Triangle Oaks Dr #4001-420,
Raleigh, NC 27616
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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 May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,950 |
| Jul 2025 | $1,990 |
| Aug 2025 | $1,995 |
| Sep 2025 | $1,950 |
| Oct 2025 | $1,936 |
| Nov 2025 | $1,900 |
| Dec 2025 | $1,885 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,859 |
| Mar 2026 | $1,895 |
| Apr 2026 | $1,917 |
| May 2026 | $1,850 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,199 | $1,548 | $1,926 | $2,270 | $1,900 |
| Townhomes | — | $1,606 | $1,950 | $2,250 | $1,945 |
| Apartments and Condos | $900 | $1,225 | $1,895 | $1,081 | $1,250 |
| Houses | $600 | $1,600 | $1,935 | $2,270 | $1,975 |
Frequently Asked Questions about Rentals 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.
- What is the average rent of a house in 27616?The average rent of a house in 27616 is $1,975 per month. This is about 2% higher than the national average.
- What is the average rent of a townhome in 27616?The average rent of a townhome in 27616 is $1,945 per month. This is about 1% higher than the national average.
- When is the average rent cheapest in 27616?In the last year, the average rent in 27616 was lowest in Jan 2025 when it was $1,878 per month.
- When is the average rent most expensive in 27616?In the last year, the average rent in 27616 was highest in May 2025 when it was $1,995 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 $1,199 per month. That is about $40 more than the cost of a studio apartment.
- How many available rental listings are in 27616?There are 218 available rental listings 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.