Triangle rent prices cool, but watch out for more expensive housing in 2022

How much has rent increased? According to Apartment List analyst Lilla Szini, Raleigh’s rental rates have grown by 22% year-over-year, compared to an increase of just 1.5% in the period between November 2019 and November 2020, and rents in Raleigh are up by 21.9% since the onset of the global coronavirus pandemic in March 2020. In Durham, rents have grown 22.2% year-over-year, according to the Apartment List rental report for the Bull City.