Comptroveby RentSpire

Summermill at Falls River

10311 Falls Mill Dr, Raleigh, NC

unknown not observed units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $1,532. Average effective rent: $1,532.

TypeAsking rentEffective rentAvg sqftObservations
1 bedroom$1,408$1,4087746
2 bedroom$1,615$1,6151,1089

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.

PropertyLocationDistanceAvg askingSimilarity
Cortland Falls River Raleigh, NC 0.52 mi $1,601 79%
North Raleigh Apartments Raleigh Area, NC 0.52 mi $1,338 66%

Sources & provenance

Sourced from https://cortland.com/apartments/summermill-at-falls-river/floorplans/the-crystal-coast/ — 1 observation(s), last observed Jul 31, 2026.

Sourced from https://cortland.com/apartments/summermill-at-falls-river/ — 14 observation(s), last observed Jul 30, 2026.

Data age: 17 days. Last observed: Jul 31, 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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