511 Faye — Raleigh, NC Rent Comps

Asking & effective rent by bedroom

Average asking rent across observed units: $1,705. Average effective rent: $1,705.

Type	Asking rent	Effective rent	Avg sqft	Observations
Studio	$1,458	$1,458	560	3
1 bedroom	$1,798	$1,798	764	8

HUD Fair Market Rent gap

HUD area: Raleigh-Cary, NC MSA.

FMR comparison not observed for this property.

Amenities

9'+ ceilings9th floor outdoor Skydeck with fireside loungeAdditional storage & pet spa levelBluetooth® keyless door locksCeiling fans for ultimate comfortDedicated Residential ConciergeExposed concrete accentsFloor-to-ceiling windowsGlass shower enclosures availableGoogle Fiber connectivityHardwood-inspired floors throughoutLeed-certified buildingModern fixturesOn-site managementOutdoor kitchen with grilling stations, clubroom & game roomOversized closets with closet organizers availableOversized kitchen sinksPackage LockersPanoramic views of downtown RaleighParking garageQuartz countertopsRecessed lightingSkydeck Swimming pool, fitness center & yogaSmart Home features including nest thermostats

Operator

not observed

Nearby comparable properties

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

No nearby comparables with rent data were found within 3 miles.

Sources & provenance

Sourced from https://511faye.com/floorplans/ — 11 observation(s), last observed Aug 4, 2026.

Data age: 13 days. Last observed: Aug 4, 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.

Open the interactive comp report →