Average Rent in 27606, Wake County, NC

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Current Versus Historical 27606, Wake County, NC Rents

27606 rentals average $625 for a 1-bedroom rental to $2,450 for a 4-bedroom rental. The median price of all currently available listings is $1,673, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $781 (64.29%) year-over-year from $1,214 to $1,995. 1-bedroom rentals prices have decreased by $352 (-36.47%) year-over-year from $964 to $613. 2-bedroom rentals prices have increased by $57 (4.31%) year-over-year from $1,316 to $1,373. 3-bedroom rentals prices have increased by $304 (16.48%) year-over-year from $1,846 to $2,150. 4-bedroom rentals prices have decreased by $406 (-15.13%) year-over-year from $2,681 to $2,275. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 53.66% this month. 1-bedroom rents have gone down by 14.01% this month. 2-bedroom rents have gone up by 4.54% this month. 3-bedroom rents have gone up by 1.38% this month. 4-bedroom rents have gone down by 18.51% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$1.76	$613	$964 (-36.47%)	$922 (-33.54%)
2 BR	$1.39	$1,373	$1,316 (4.31%)	$1,217 (12.81%)
3 BR	$1.40	$2,150	$1,846 (16.48%)	$1,608 (33.68%)
4+ BR	$1.15	$2,275	$2,681 (-15.13%)	$2,050 (10.98%)

Historical Rents in 27606, Wake County, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27606

There are a total of 4 cities nearby 27606. The average rent in 27606 is currently $1,898 per month. Only one city nearby has an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,395, is the most affordable city nearby. In contrast, the most expensive city near 27606, Wake County, NC is Cary, NC. Monthly rents here are on average $2,200 per month.

Let's compare 27606, Wake County, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in 27606, Wake County, NC is inf% more affordable than other cities nearby. One bedrooms are about 116.88% more affordable. Two bedrooms in 27606, Wake County, NC are about 15.79% more affordable. Finally, rent for three bedrooms are about 8.55% more expensive. Want more information? Check out the top 4 cities near 27606, Wake County, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$800	$1,058	$1,395
Raleigh, NC	$1,723	$1,250	$1,650	$1,850
Durham, NC	$1,225	$1,461	$1,650	$1,945
Cary, NC	N/A	$1,527	$1,773	$2,200

Top Neighborhoods Near 27606

There are a total of 3 neighborhoods in or near 27606. Some of these neighborhoods include Terry Sanford, Westover, and Seventy-First. We've included all of these top 3 neighborhoods in or near 27606, Wake County, NC in the following chart.

The average rent for these 3 neighborhoods in or near 27606, Wake County, NC is currently around $1,350 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 27606, Terry Sanford has the most affordable average rent at $1,350 per month. Whereas, at $1,395 average rent per month, Seventy-First is the most expensive neighborhood in or near 27606. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Terry Sanford, Fayetteville, NC	N/A	$788	$1,065	$1,350
Westover, Fayetteville, NC	N/A	$750	$1,125	$1,350
Seventy-First, Fayetteville, NC	N/A	$825	$995	$1,395

Top Counties Near 27606

There are a total of 3 counties located by 27606, Wake County, NC. Some of these counties include Cumberland, NC, Johnston, NC, and Harnett, NC. The average rent for rentals in these counties is $1,968. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Cumberland, NC. It's average rent per month is $1,400. Vice versa, with an average rent of $2,000, Durham, NC is the most expensive county by 27606, Wake County, NC.

Typically, rent for studios in 27606, Wake County, NC is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 27606, Wake County, NC is 87.80% more affordable than other counties nearby. Finally, rent for two bedrooms in 27606, Wake County, NC is 10.53% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cumberland, NC	N/A	$800	$1,050	$1,400
Johnston, NC	$1,875	N/A	$1,413	$1,800
Harnett, NC	N/A	$1,098	$1,500	$1,940
Orange, NC	N/A	$1,250	$1,695	$1,995
Wake, NC	$2,150	$1,324	$1,650	$2,000
Durham, NC	$1,225	$1,479	$1,695	$2,000

Top Zipcodes Near 27606

There are a total of 3 zipcodes in or near 27606, Wake County, NC. The average rent for all of these zipcodes is $2,225.

The following chart includes the top 3 zipcodes in 27606, Wake County, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27519, Cary, NC	N/A	$1,527	$2,043	$2,350
27560, Morrisville, NC	N/A	$1,521	$1,900	$2,225
27587, Wake Forest, NC	N/A	N/A	N/A	$1,993

Frequently Asked Questions - 27606 Average Rents

What is the average rent price in 27606, Wake County, NC?

The average monthly rental price for 27606, Wake County, NC apartments for rent is approximately $1,673. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27606, Wake County, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 27606, Wake County, NC.

How much is a studio apartment in 27606, Wake County, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 27606.

How much is a one bedroom apartment in 27606, Wake County, NC?

The average monthly rental price for one bedroom apartments is $625 and an average price per square feet of $1.76. There are a total of 11 one bedroom apartment listings currently available for rent in 27606.

How much is a two bedroom apartment in 27606, Wake County, NC?

The average monthly rental price for two bedroom apartments is $1,425 and an average price per square feet of $1.39. There are a total of 19 two bedroom apartment listings currently available for rent in 27606.

How have rent prices in 27606, Wake County, NC changed this year?

Rent prices for rentals in 27606, Wake County, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.64%, one bedroom rental prices have changed by -0.36%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in 27606, Wake County, NC?

A reasonable rent price in 27606, Wake County, NC is around $1,338/month. You can search for these reasonably priced rental listings on RentHop.