Apartment for rent

3 Days Ago

8.8

Very Good

The Urban Terrace Apartments
101 Terrace Dr, Cary, NC 27511, USA

The Tar Heel Companies of North Carolina, Inc.

101 Terrace Dr, Cary, NC 27511, USA

8.8

Very Good

Monthly rent	$1,400
Beds	2
Baths	1.5
Sqft	1,050

Monthly rent	$1,400
Beds	2
Baths	1.5
Sqft	1,050

3 Days Ago

Highlights

Central heat and air
Garbage disposal & full size washer & dryer connections
Spacious two bedroom, one and a half bath townhome

Location

101 Terrace Dr, Cary, NC 27511, USA

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Contact

Managed by

Management

The Tar Heel Companies of North Carolina, Inc.

Leasing office

(919) 851-6665

Property Overview

The Urban Terrace Apartments receive a strong evaluation with a Zumper expert rating of 8.8 out of 10, highlighting their appeal to renters. They offer exceptional value with a price rating of 10 out of 10 and a stellar amenities rating of 10, showcasing their impressive features, including central heat and air, along with spacious layouts. Located conveniently near key points of interest, with a location rating of 9, and scoring 8 for trustworthiness, this property ranks in the 80th percentile for value compared to others in the area.

Zumper Expert Rating

8.8

Very Good

With a solid 8.8 out of 10 overall, The Urban Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Urban Terrace Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

Less expensive

Great for

Social life

Floor plans

2BR/1.5BA

2 bed

1.5 bath

1,050 sqft

$1,400 /mo

1 unit available

Conveniently located within walking distance of downtown Cary, where you have a plethora of fine retail shops, entertainment venues and culinary options to enjoy. The Town of Cary prides itself on being a thriving, neighborly community, boasting weekly events and festivals for all ages. Please visit their website for a complete list upcoming events. Urban Terrace Apartments is nestled in a well established section of Cary. This spacious two bedroom, one and a half bath townhome is reasonably priced to include all major appliances, garbage disposal & full size washer & dryer connections for your convenience. These townhomes are equipped with central heat and air and include an outside sitting area plus a secure, attached storage shed with a small fenced in back yard area.

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Amenities for The Urban Terrace Apartments

Apartment Amenities

Air Conditioning	Central Heat
Washer/Dryer Hookups	Water Heater

Appliances

Built-in Microwave	Dishwasher
Garbage Disposal	Icemaker
In-Unit Laundry	Microwave
Range	Refrigerator
Stove	Washer Dryer Connections

Building

Central Heat & A/C

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Contact for more information on pet policy.

Building details

Property details

Units	26

About The Urban Terrace Apartments

Home

Apartments in Cary

The Urban Terrace Apartments

Zumper Expert Rating

8.8

/10

Very Good

How we rated The Urban Terrace Apartments

Price·10

The Urban Terrace Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.

Amenities·10

The Urban Terrace Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.

Location·9

The Urban Terrace Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.

Quality·6

While The Urban Terrace Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.

Trustworthiness·8

The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

The Urban Terrace Apartments is great for:

Social life

Areas nearby are accessible by walking
Diverse age groups live in this area
78 restaurants within 1 mile of this property
170 mixed-use spaces nearby

Property highlights

How The Urban Terrace Apartments compares to other nearby properties.

Positives

Less expensive: The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools: The nearest high school is farther than 1 mile away
Greater distance from grade schools: The nearest elementary school is farther than 1 mile away
Lacks images: Fewer than 10 photos available for this location

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Rent trends in Cary

2-bedroom apartments at The Urban Terrace Apartments cost about 24% less than the average rent price for 2-bedroom apartments in Cary.

Median rents as of Aug 30 2025.

Cary

A table of studio rental data trends in Cary
Month	Median Rent
September 2023	$1,424
October 2023	$1,466
November 2023	$1,324
December 2023	$1,422
January 2024	$1,539
February 2024	$1,604
March 2024	$1,606
April 2024	$1,492
May 2024	$1,630
June 2024	$1,484
July 2024	$1,467
August 2024	$1,416
September 2024	$1,420
October 2024	$1,401
November 2024	$1,421
December 2024	$1,405
January 2025	$1,408
February 2025	$1,387
March 2025	$1,333
April 2025	$1,252
May 2025	$1,270
June 2025	$1,339
July 2025	$1,335
August 2025	$1,303

Affordability calculator

Can I afford to live at 101 Terrace Dr?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$56,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this 2-bedrooms monthly rent price of $1,400.

For more information on rent affordability, visit our rent calculator.

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