Raleigh-Cary, NC MSA
FY 2026 HUD Fair Market Rents for the Raleigh-Cary, NC MSA metro area. Population: 1,420,825.
Fair Market Rents (2026)
Studio
National avg: $893
$1,524/mo
↓ 0.6% YoY
+71% vs US
1 Bedroom
National avg: $959
$1,596/mo
↑ 0.3% YoY
+66% vs US
2 Bedroom
National avg: $1,175
$1,750/mo
↓ 0.7% YoY
+49% vs US
3 Bedroom
National avg: $1,525
$2,196/mo
↑ 0.2% YoY
+44% vs US
4 Bedroom
National avg: $1,756
$2,936/mo
↓ 0.8% YoY
+67% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,533 | $1,524 | $-9 (-0.6%) |
| 1 Bedroom | $1,592 | $1,596 | +$4 (+0.3%) |
| 2 Bedroom | $1,763 | $1,750 | $-13 (-0.7%) |
| 3 Bedroom | $2,192 | $2,196 | +$4 (+0.2%) |
| 4 Bedroom | $2,961 | $2,936 | $-25 (-0.8%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$63,840
$5,320/month gross
Required annual income for 2 BR
$70,000
$5,833/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.