Rent in Raleigh-Cary, NC MSA
The Fair Market Rent (FMR) for a two-bedroom home in Raleigh-Cary, NC MSA is $1,750/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Raleigh-Cary, NC MSA has an FMR of $1,750/month (FY2026). That is 80% above the national median of $974. Raleigh-Cary, NC MSA ranks #138 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Raleigh-Cary, NC MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $1,524 |
| 1 bedroom | $1,596 |
| 2 bedrooms | $1,750 |
| 3 bedrooms | $2,196 |
| 4 bedrooms | $2,936 |
Nearby on the rent ranking
- Modesto, CA MSA$1,758/mo
- Port St. Lucie, FL MSA$1,757/mo
- Ithaca, NY MSA$1,753/mo
- Fitchburg-Leominster, MA HUD Metro FMR Area$1,749/mo
- Broadwater County, MT HUD Metro FMR Area$1,748/mo
- Salt Lake City, UT HUD Metro FMR Area$1,747/mo
Frequently asked questions
- How much is rent in Raleigh-Cary, NC MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Raleigh-Cary, NC MSA is $1,750 per month for HUD fiscal year 2026. A one-bedroom is $1,596 and a three-bedroom is $2,196 per month.
- What is the studio and one-bedroom Fair Market Rent in Raleigh-Cary, NC MSA?
- For FY2026, HUD's efficiency/studio FMR in Raleigh-Cary, NC MSA is $1,524 per month and the one-bedroom FMR is $1,596 per month.
- How is the Fair Market Rent for Raleigh-Cary, NC MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Raleigh-Cary, NC MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Raleigh-Cary, NC MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Raleigh-Cary, NC MSA compare nationally?
- Raleigh-Cary, NC MSA ranks #138 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.