Raleigh-Cary vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 52% cheaper for renters. A 2-bedroom rents for $720/mo vs $1,097/mo in Raleigh-Cary — saving $4,524/year.
Rent by Unit Size
| Unit Size | Raleigh-Cary | Springfield | Difference |
|---|---|---|---|
| Studio | $760 | $490 | $270 |
| 1 Bedroom | $928 | $583 | $345 |
| 2 Bedrooms | $1,097 | $720 | $377 |
| 3 Bedrooms | $1,435 | $925 | $510 |
| 4 Bedrooms | $1,556 | $987 | $569 |
| Median Income | $70,678 | $37,539 | $33,139 |
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Springfield
- Studio
- $490/mo
- 1 BR
- $583/mo
- 2 BR
- $720/mo
- 3 BR
- $925/mo
- 4 BR
- $987/mo
- Median Income
- $37,539/yr
Frequently Asked Questions
Is Raleigh-Cary or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $720/mo vs $1,097/mo in Raleigh-Cary. That's $377/mo or $4,524/year more expensive in Raleigh-Cary (52% higher).
What is the 2-bedroom rent in Raleigh-Cary vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Raleigh-Cary is $1,097/month. In Springfield, a 2-bedroom FMR is $720/month.
How do incomes compare between Raleigh-Cary and Springfield?
The median household income in Raleigh-Cary is $70,678/year. In Springfield it is $37,539/year. Raleigh-Cary has the higher median income.
What is the studio rent in Raleigh-Cary vs Springfield?
A studio apartment Fair Market Rent in Raleigh-Cary is $760/mo. In Springfield it is $490/mo.