Comptroveby RentSpire

116 St Marys St

116 ST MARYS ST, Raleigh, NC, 27605

Market rate 101 units (unit count basis: listing-reported) FEMA/NRI hazard read: Very Low

Asking & effective rent by bedroom

Average asking rent across observed units: $1,856. Average effective rent: $1,856.

TypeAsking rentEffective rentAvg sqftObservations
2 bedroom$1,856$1,856not observed13

HUD Fair Market Rent gap

HUD area: Raleigh, 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.

PropertyLocationDistanceAvg askingSimilarity
416 Dorothea Dr Raleigh, NC 0.73 mi $1,863 82%
509 Glenwood Ave Raleigh, NC 0.34 mi $1,863 77%
Sophisticated apartment living in Raleigh, NC 0.25 mi $1,768 72%
Apartments in Downtown Raleigh, NC 0.74 mi $1,688 71%
511 Faye Raleigh, NC 0.78 mi $1,705 70%
Luxury High Rise Apartments in Raleigh, NC 0.83 mi $1,842 69%
Cortland Glenwood South Raleigh, NC 0.56 mi $2,346 68%
The Gramercy is a pet Raleigh, NC 0.23 mi $1,798 67%

Sources & provenance

Sourced from https://rentpathway.com/ — 13 observation(s), last observed Jul 28, 2026.

Data age: 20 days. Last observed: Jul 28, 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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