$995 Per Month
- 1 Bed
- 1 Bath
- 540 Sq Ft
- Condo for Rent
3525 Ivy Commons Dr Unit 201, Raleigh, NC 27606
3525 Ivy Commons Dr Unit 201, Raleigh, NC 27606
Frequently Asked Questions
How much does it cost to rent a condo in Raleigh, NC?
The median rent for a condo in Raleigh, NC is $1,395 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Raleigh, NC?
To comfortably afford the median rent in Raleigh, NC, a household needs to earn roughly $74,040 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,851 per month in Raleigh, NC, renters typically need to show $5,553 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Raleigh, NC?
In Raleigh, NC, the price-to-rent ratio is 20.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Raleigh, NC are best for renting a condo?
The best neighborhood for renting in Raleigh, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Hi-Mount, Glenwood-Brooklyn, Belvedere Park, Hillsborough and Capital District, each with its own character and price range.
