Comptroveby RentSpire

North Raleigh Apartments

1302 Rio Valley Dr, Raleigh Area, NC, 27614

Market rate 8 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $1,338. Average effective rent: $1,338.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,369$1,369not observed9
1 bedroom$1,335$1,335not observed1
2 bedroom$1,289$1,289not observed6
3 bedroom$1,340$1,340not observed9

HUD Fair Market Rent gap

HUD area: Raleigh-Cary, NC MSA.

FMR comparison not observed for this property.

Amenities

24/7 Package LockersAdditional StorageAdventure PlaygroundBluetooth-Integrated Kitchen Light FixturesCar Care CenterCortland Front DoorCortland Resident Portal and Mobile AppDouble Sink VanitiesElevate FitnessElevate Fitness Experience and Free Group ClassesEnergy-Efficient, Stainless Steel AppliancesFitness Center and Yoga/Spin StudioGranite CountertopsIn-Home, Full-Size Washer and Dryer SetsLeash-Free Bark ParkLive Easy GuaranteesLiving Room and Bedroom Ceiling FansModern Cabinetry with Designer Hardware and Tile BacksplashesNext-Level Apartment LivingNine-Foot Ceilings with Crown MoldingOutdoor Kitchen with Gas GrillsPersonal Patios and BalconiesPet-Friendly ApartmentsPrivate Garages

Operator

Managed by Cortland.

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Cortland Falls River Raleigh, NC 0 mi $1,601 71%
Summermill at Falls River Raleigh, NC 0.52 mi $1,532 64%

Sources & provenance

Sourced from https://cortland.com/apartments/cortland-falls-river/ — 25 observation(s), last observed Aug 11, 2026.

Data age: 6 days. Last observed: Aug 11, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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