Raleigh-Cary vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 45% cheaper for renters. A 2-bedroom rents for $756/mo vs $1,097/mo in Raleigh-Cary — saving $4,092/year.
Rent by Unit Size
| Unit Size | Raleigh-Cary | Springfield | Difference |
|---|---|---|---|
| Studio | $760 | $519 | $241 |
| 1 Bedroom | $928 | $612 | $316 |
| 2 Bedrooms | $1,097 | $756 | $341 |
| 3 Bedrooms | $1,435 | $923 | $512 |
| 4 Bedrooms | $1,556 | $1,067 | $489 |
| Median Income | $70,678 | $44,958 | $25,720 |
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
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Raleigh-Cary or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $1,097/mo in Raleigh-Cary. That's $341/mo or $4,092/year more expensive in Raleigh-Cary (45% 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 $756/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 $44,958/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 $519/mo.