← Price Inflation Report / Rent Tracker
Rent Tracker
The average asking rent in Raleigh, NC is $1,662/month as of 2026-03. That is +0.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,662/mo
as of 2026-03
Year-over-Year Change
+0.2%
Monthly ZORI index values for Raleigh, NC.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,662 | +0.48% |
| 2026-02 | $1,654 | +0.30% |
| 2026-01 | $1,649 | +0.06% |
| 2025-12 | $1,648 | -0.42% |
| 2025-11 | $1,655 | -0.54% |
| 2025-10 | $1,664 | -0.42% |
| 2025-09 | $1,671 | -0.36% |
| 2025-08 | $1,677 | -0.06% |
| 2025-07 | $1,678 | +0.18% |
| 2025-06 | $1,675 | +0.12% |
| 2025-05 | $1,673 | +0.48% |
| 2025-04 | $1,665 | +0.36% |
| 2025-03 | $1,659 | +0.48% |
| 2025-02 | $1,651 | +0.36% |
| 2025-01 | $1,645 | +0.12% |
| 2024-12 | $1,643 | +0.00% |
| 2024-11 | $1,643 | -0.60% |
| 2024-10 | $1,653 | -0.54% |
| 2024-09 | $1,662 | -0.60% |
| 2024-08 | $1,672 | +0.00% |
| 2024-07 | $1,672 | +0.36% |
| 2024-06 | $1,666 | +0.66% |
| 2024-05 | $1,655 | +0.42% |
| 2024-04 | $1,648 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report