What is the Fair Market Rent in Apex, NC?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 27502, which covers Apex, is $2,060 a month.

Across the whole Raleigh-Cary, NC MSA the two-bedroom figure is $1,689.

The Census Bureau’s median gross rent for a two-bedroom home in Apex is $1,801 (±$66), below the Small Area figure for ZIP 27502.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,689
2 bedrooms, ZIP 27502: $2,060

Fair Market Rents for Apex, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Raleigh-Cary, NC MSA (whole area)	$1,489	$1,552	$1,689	$2,103	$2,823	—
ZIP 27502 (44% of the ZIP’s land is in this place)	$1,820	$1,890	$2,060	$2,570	$3,440	$1,909

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Apex

What is the Section 8 payment standard in Apex?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Raleigh-Cary, NC MSA is $1,689, and the Small Area figure for 27502 is $2,060.

What is the Fair Market Rent for a two-bedroom in ZIP 27502?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 27502 is $2,060 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,909 (±$114).

What is the Fair Market Rent for a one-bedroom in Apex?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 27502 is $1,890 a month, against $1,552 across the Raleigh-Cary, NC MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.