Apartments in North Raleigh — Raleigh, NC Rent Comps

Asking & effective rent by bedroom

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

Type	Asking rent	Effective rent	Avg sqft	Observations
Studio	$1,374	$1,374	not observed	5
1 bedroom	$1,452	$1,452	785	2
2 bedroom	$1,680	$1,680	1,099	2
3 bedroom	$1,292	$1,292	not observed	8

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.

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

Sources & provenance

Sourced from https://cortland.com/apartments/summermill-at-falls-river/ — 17 observation(s), last observed Aug 11, 2026.

Data age: 8 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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