Comptroveby RentSpire

Welcome To Our Downtown Raleigh Apartments

10 W Franklin Street, Raleigh, NC, 27604

Market rate 10 units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $2,114. Average effective rent: $2,114.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,459$1,4594845
1 bedroom$2,009$2,00978510
2 bedroom$2,834$2,8341,2226

HUD Fair Market Rent gap

HUD area: Raleigh-Cary, NC MSA.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

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://themilesseaboard.com/floorplans/ — 19 observation(s), last observed Aug 14, 2026.

Sourced from https://themilesseaboard.com/floorplans/s2a/ — 2 observation(s), last observed Aug 1, 2026.

Data age: 3 days. Last observed: Aug 14, 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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