Comptroveby RentSpire

Apartments in North Raleigh

10311 Falls Mill Dr, Raleigh, NC, 27614

Market rate 5 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $1,381. Average effective rent: $1,381.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,374$1,374not observed5
1 bedroom$1,452$1,4527852
2 bedroom$1,680$1,6801,0992
3 bedroom$1,292$1,292not observed8

HUD Fair Market Rent gap

HUD area: Raleigh-Cary, NC MSA.

FMR comparison not observed for this property.

Amenities

24/7 Fitness CenterAdditional Storage Options AvailableAdventure PlaygroundBedroom and Living Room Ceiling FansBetter Living on Every LevelBuilt-In DesksBusiness Center with WiFi and Private OfficesCar Care CenterComplimentary Coffee BarCortland Resident Portal and Mobile AppCustom Cabinetry with Designer Hardware and Tile BacksplashesDeep-Soaking, Garden-Style BathtubsDetached Garages AvailableElectric FireplacesElevator in Every BuildingEnergy-Efficient Stainless Steel AppliancesGas GrillsGranite Countertops or Quartz CountertopsIn-Home, Full-Size Washer and Dryer SetsLeash-Free Bark ParkLive Easy GuaranteesPersonal Patios and BalconiesPlanned Resident Social EventsRenovated Apartment Homes

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
Raleigh Luxury Apartments Raleigh, NC 1.34 mi $1,320 64%
Anderson Flats is a pet Raleigh, NC 0.92 mi $1,536 62%
Cortland Midtown East Raleigh, NC 1.34 mi $1,827 60%
Aria North Hills Raleigh, NC 3 mi $960 45%
589 Lipscomb Ct Raleigh, NC 2.15 mi $1,850 44%
Averelle North Hills Raleigh, NC 2.46 mi $985 44%
55+ Senior Living Community in Raleigh Raleigh, NC 2.97 mi $1,965 37%
2800 Brentwood Rd Raleigh, NC 2.02 mi $785 30%

Sources & provenance

Sourced from https://cortland.com/apartments/summermill-at-falls-river/ — 17 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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