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Rent is cheaper than that when you get out of town. I'm in Durham, and I've owned a couple of rental properties, the three bedroom 1300 sq/ft. went for about a grand, and we've still got a 3 bedroom, 1200 sq/ft that goes for 850 a month, just outside of the Durham city lines.

It really is a decent place to live, especially the Raleigh/Cary (Wake County) area. I'd probably prefer that over Durham, if I was moving into the area and had a choice. If you like country living, the counties surrounding Wake and Durham are beautiful, and much less expensive.
 
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