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Raleigh is a quite "northernized" southern city - lots of transplants b/c of the universities in the area - which also drives up apt. rents anywhere close to NCSU.
What part of Raleigh are you scouting in? North Raleigh is fairly pricey - lots of folk there either work at RTP or at a university. South Raleigh has lower rents - but you run into unsafe areas.
Do you need to live within Raleigh city limits? If commuting to work is not bothersome, you might want to look at Knightdale (east of Raleigh), Apex and Fuquay-Varina (south of Raleigh) for lower housing costs. There's a major road repair process (Project Fortify) that is affecting southern Raleigh - that will probably last for the next 2 years or so.
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