The Falls Apartments

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(984) 367-6846
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4518 Tournament Dr, Raleigh, NC 27612

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Contact

The Falls

4518 Tournament Dr
Raleigh, NC 27612
(984) 367-6846
The Falls in Raleigh, NC - Building Photo
  • Studio–2 Bedrooms
  • $971-$1,739 Pricing
  • 337–878 Square Feet

Rent Specials

Apply Within 48 Hours Of Your Tour To Receive $1,000 OFF Your Move-In Costs For Vacant Units OR Waived Application and Reservation Fee For Notice Units! (Exclusions Apply. Valid For 8-13 Lease Terms Only). Contact Us For More Information!

About The Falls

The Falls is located in the Crabtree Valley Neighborhood and 27612 Zip code of Raleigh, NC. This community is professionally managed by PRG Real Estate Management, Inc.

Unique Features and Amenities

  • Air Conditioning
  • Balcony/patio In Select Units
  • Billiards room
  • Brand New Countertops, Espresso Cabinets
  • Ceiling Fans in Select Units
  • Community Library with Book Exchange
  • Cornhole
  • Dishwasher
  • Emulated Stone Surface Countertops
  • Espresso Cabinets
  • Exterior Storage In Select Units
  • Flexible Lease Options
  • Garbage Disposal
  • Gated Bark Park
  • Hammock Area
  • Online Resident Portal
  • Package Concierge
  • Poolside Gas Grilling Station
  • Private Outdoor Terraces In Select Units
  • Renovated Exterior Siding
  • Vaulted Ceilings in Select Units
  • Washer and dryer in select units

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

The Falls offers Studio to 2 Bedroom apartments starting from $971 and having 337–878 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
  • Studio

    Capris Falls

    From $971

    Studio, 1 Bath, 337 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $971Available Now4610-308337
    $1,000 May 31, 20264660-302337
    $1,000 June 3, 20264500-307337

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $971 - $1,226

    Current Available Pricing

    • $971 - $1,000

    Unit 4610-308 Rent and Fees

    Unit Price

    • $971
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $971 - $1,226

    Unit 4660-302 Rent and Fees

    Unit Price

    • $1,000
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $971 - $1,226

    Unit 4500-307 Rent and Fees

    Unit Price

    • $1,000
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $971 - $1,226
  • 1 Bedroom

    Emerald Falls

    From $1,013

    1 Bed, 1 Bath, 437 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,028Available Now4520-105437
    $1,013Available Now4600-104437
    $1,028 April 15, 20264550-106437

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $988 - $1,313

    Current Available Pricing

    • $1,013 - $1,028

    Unit 4520-105 Rent and Fees

    Unit Price

    • $1,028
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $988 - $1,313

    Unit 4600-104 Rent and Fees

    Unit Price

    • $1,013
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $988 - $1,313

    Unit 4550-106 Rent and Fees

    Unit Price

    • $1,028
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $988 - $1,313

    Paradise Falls

    From $1,072

    1 Bed, 1 Bath, 564 sq ft
    Available Apr 15

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,072 April 15, 20264510-203564
    $1,130 May 10, 20264510-304564
    $1,130 May 26, 20264570-106564

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,072 - $1,388

    Current Available Pricing

    • $1,072 - $1,130

    Unit 4510-203 Rent and Fees

    Unit Price

    • $1,072
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,072 - $1,388

    Unit 4510-304 Rent and Fees

    Unit Price

    • $1,130
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,072 - $1,388

    Unit 4570-106 Rent and Fees

    Unit Price

    • $1,130
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,072 - $1,388
  • 2 Bedrooms

    Sierra Falls

    From $1,148

    2 Beds, 1 Bath, 626 sq ft
    Available Now
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,148Available Now4500-202626
    $1,180Available Now4560-108626
    $1,172 April 20, 20264660-107626

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,148 - $1,448

    Current Available Pricing

    • $1,148 - $1,180

    Unit 4500-202 Rent and Fees

    Unit Price

    • $1,148
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,148 - $1,448

    Unit 4560-108 Rent and Fees

    Unit Price

    • $1,180
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,148 - $1,448

    Unit 4660-107 Rent and Fees

    Unit Price

    • $1,172
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,148 - $1,448

    Cascade Falls

    From $1,453

    2 Beds, 2 Baths, 878 sq ft
    Available Now
    Largest 2 BedroomThis is the largest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,453Available Now4510-301878
    $1,453Available Now4540-302878

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Model Rent and Fees

    Model Price Range

    • $1,423 - $1,739

    Current Available Pricing

    • $1,453

    Unit 4510-301 Rent and Fees

    Unit Price

    • $1,453
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,423 - $1,739

    Unit 4540-302 Rent and Fees

    Unit Price

    • $1,453
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,423 - $1,739

    Oasis Falls

    From $1,427

    2 Beds, 2 Baths, 828 sq ft
    Available Aug 10

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,427 August 10, 20264620-101828

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Ceiling Fans
    • High Speed Internet Access
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Disposal
    • Freezer
    • Ice Maker
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Unit 4620-101 Rent and Fees

    Unit Price

    • $1,427
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,427 - $1,699
Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (984) 367-6846 to schedule a tour.

3D Tours

Property Information

  • Renovated In 2019
  • 396 Units
  • 3 Stories
  • Built in 1988

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged per applicant.$50.00
Security Deposit - Non-Refundablei*Security deposit may range from $500 to one month’s rent. Charged Per Unit.$500.00
Due at Move-In
Administrative FeeiCharged per unit.$200.00

Other Fees and Policies

Pet Fees

Cat
Cat FeeiCharged per Pet.$300.00
Cat RentiCharged Per Pet.$35.00/mo
Restrictions:

Certain restrictions on upper floors may apply. All pets must be approved by management; PRG reserves the right to approve or deny pet applications.

Comments:

The Nonrefundable pet fee is $300 for the first pet and $200 for the second.

Dog
Dog FeeiCharged Per Pet.$300.00
Pet Fee - Additional PetiMax of 2. Charged Per Resident.$15.00/mo
Dog RentiCharged Per Resident.$35.00/mo
Pet interview, Spayed/Neutered
Restrictions:

Certain restrictions on upper floors may apply. All pets must be approved by management; PRG reserves the right to approve or deny pet applications.

Comments:

The Nonrefundable pet fee is $300 for the first pet and $200 for the second.

Parking Info and Fees

Surface Lot
  • 1 Max

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

On-Site Services

  • Maintenance On Site
  • Planned Social Activities
  • Property Manager On Site
  • Pet Washing Station
  • Recycling
  • Renters Insurance Program
  • Concierge
  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Business Center
  • Clubhouse
  • Corporate Housing
  • Conference Rooms

Outdoor Features

  • Grill
  • Picnic Area
  • Gated
  • Patio

Recreation and Fitness

  • Fitness Center
  • Tennis Court
  • Playground
  • Pool

Interior Features

  • Balcony
  • Ceiling Fans
  • High Speed Internet Access
  • Washer/Dryer
  • Air Conditioning
  • Wi Fi
  • Smoke Free

Kitchen Amenities

  • Disposal
  • Freezer
  • Stainless Steel Appliances
  • Ice Maker
  • Kitchen
  • Oven
  • Range
  • Refrigerator
  • Dishwasher

Living Area Features

  • High Ceilings
  • Vaulted Ceiling
  • Carpet
  • Vinyl Flooring
Google Map

Map

4518 Tournament Dr, Raleigh, NC 27612

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday8:30 am–5:30 pm
Tuesday8:30 am–5:30 pm
Wednesday8:30 am–5:30 pm
Thursday8:30 am–5:30 pm
Friday8:30 am–5:30 pm
Saturday9:00 am–4:00 pm
SundayClosed

Frequently Asked Questions about The Falls

Where is The Falls located?

The Falls is located at 4518 Tournament Dr near the Crabtree Valley area of Raleigh, NC

What is the current rent range at The Falls?

Studio to 2 Bedroom Apartments at The Falls currently range from $971 to $1,453

When is the leasing office open?

  • The office Hours for The Falls are
  • Monday 8:30 am–5:30 pm
  • Tuesday 8:30 am–5:30 pm
  • Wednesday 8:30 am–5:30 pm
  • Thursday 8:30 am–5:30 pm
  • Friday 8:30 am–5:30 pm
  • Saturday 9:00 am–4:00 pm
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at The Falls is: Apply Within 48 Hours Of Your Tour To Receive $1,000 OFF Your Move-In Costs For Vacant Units OR Waived Application and Reservation Fee For Notice Units! (Exclusions Apply. Valid For 8-13 Lease Terms Only). Contact Us For More Information!.

Lifestyle Ratings

  • Affordability Nice Value3.2

    The The Falls Apartments are 23.4% cheaper than the average apartment in the Crabtree Valley area, and 36.37% cheaper than the average apartment city-wide.

    Rent Comparison to the Crabtree Valley Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$971$1,175-$204-17.4%
    1 Bedroom$988$1,318-$330-25.0%
    2 Bedroom$1,148$1,589-$441-27.8%

    Rent Comparison to the city of Raleigh

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$971$1,482-$511-34.5%
    1 Bedroom$988$1,530-$542-35.4%
    2 Bedroom$1,148$1,888-$740-39.2%

    Methodology: On 04/11/2026, ApartmentHomeLiving.com compared current rents by floorplan to 161 other apartment communities in the immediate area around The Falls (Crabtree Valley), and 2197 other apartment communities in Raleigh using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 04/11/2026

  • Active Lifestyle 3.0

    From fitness centers to pools to putting greens, Active Lifestyle apartments feature local listings with the most amenities that support an always active lifestyle.

    Rating Factors

    This 3.0-star Active Lifestyle rating is based on the following features:

    • Tennis Courts
    • Swimming Pool(s)
    • Fitness Center
    • Planned Social Activities
    • Pet Washing Station
    • Picnic Area
    • Playground(s)
    • Patios
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
169 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Verified Renter

    March 31, 2026
    Hasta el momento se vive bien y un lugar muy tranquilo de apartamento
    Review from Apartments.com
  • Verified Renter

    March 30, 2026
    Great place, almost 4 years here. Quiet, well managed.
    Review from Apartments.com
  • Verified Renter

    March 10, 2026
    I love the falls and amenities and staff is great
    Review from Apartments.com
  • Verified Renter

    January 5, 2026
    It really sucks that amenities aren’t open at normal times. Everybody is at work while they are open. It is clear the apartment management is very lazy
    • Property Manager Responded

      January 12, 2026
      Hello, We appreciate your feedback and are sorry to hear about your experience with our amenities' hours. We strive to accommodate the needs of our residents and will take your comments into consideration. Please feel free to reach out to us at thefalls@prgrealestate.com or 1 252-421-5449 to discuss your concerns further. - The Falls Management
    Review from Apartments.com
  • Verified Renter

    November 21, 2025
    You get great amenities for the price, the leasing office is excellent with communication and maintenance is on top of any and all apartment issues. These apartments are worth it!
    • Property Manager Responded

      November 26, 2025
      Hello, Thank you for your positive feedback! We're thrilled to hear that you're enjoying the amenities and that our team is meeting your expectations. - The Falls Management
    • Property Manager Responded

      November 26, 2025
      Hello, Thank you for your positive feedback! We're thrilled to hear that you're enjoying the amenities and that our team is meeting your expectations. - The Falls Management
    Review from Apartments.com
  • Verified Renter

    October 15, 2025
    I find it very clean, always courteous and friendly. It is very quiet and neighbors seem nice
    • Property Manager Responded

      October 16, 2025
      Hello, Thank you for the kind words! We take pride in providing a clean and friendly environment and we strive to create a peaceful and welcoming community for everyone! We appreciate your feedback! - The Falls Management
    Review from Apartments.com
  • Verified Renter

    October 10, 2025
    My experience at The Falls has been wonderful. The complex is quiet and well kept. The neighbors are friendly and respectful. Maintenance problems I’ve had are resolved promptly. I have nothing but good things to say about The Falls.
    • Property Manager Responded

      October 13, 2025
      Hello, We are thrilled to hear about your positive experience at The Falls! Our team works hard to create a quiet and well-maintained complex for our residents. We appreciate your kind words and look forward to continuing to provide prompt maintenance solutions for you. Thank you for your support! - The Falls Management
    Review from Apartments.com
  • Verified Renter

    October 7, 2025
    The property managers attitude is bad. Bad energy, nasty attitude and very unwelcoming. I work in property management as well, no way this is acceptable on a moral scale.
    • Property Manager Responded

      October 29, 2025
      Hello, Thank you for the candid review. We are sorry to hear you're frustrated with the level of service you've received during your time. We will take this feedback as an opportunity to learn and improve. If you would like to address this matter further, please contact the office directly. - The Falls Management
    Review from Apartments.com
  • Verified Renter

    September 26, 2025
    The falls is a good place for single people or low-income families. Location is GREAT convivence to everything around you. Easy downtown access. The Office has always been great to me; the maintenance has always been great to me. Pool and Gym are well taken care of.
    • Property Manager Responded

      September 29, 2025
      Hello, Thank you for taking the time to leave such a positive review of The Falls! We are thrilled to hear that our location, customer service, and amenities are meeting your needs. We value your business and look forward to continuing to provide you with great service in the future! - The Falls Management
    Review from Apartments.com
  • Verified Renter

    September 1, 2025
    Beautiful location, great staff and wonderful community! Happy to live here!
    • Property Manager Responded

      December 5, 2025
      Hello, Thank you for your kind words! We're thrilled to hear that you're enjoying the beautiful location and our wonderful community. Our team members are dedicated to making your experience great. We're happy to have you as a resident! - The Falls Management
    Review from Apartments.com
  • Verified Renter

    June 12, 2025
    Gracias por sus servicios y atención Siempre pendientes de la comunidad y su mentenimiento
    • Property Manager Responded

      June 19, 2025
      Hola, ¡Gracias por la maravillosa reseña! Es un placer para nosotros ofrecerle un servicio excepcional y un mantenimiento rápido. ¡Estamos encantados de escuchar que está disfrutando de nuestra comunidad! - Gestión de The Falls
    Review from Apartments.com
  • Verified Renter

    May 20, 2025
    The falls is a nice place to live. The community atmosphere is good, the office area is cute and serene, and its generally clean and not overly noisy. One bedroom units here are pretty small, and the storage space is quite limited, so if you have a lot of items that need storage space or closets it might not be the best fit for you. This location in Raleigh is really nice and you're right down the street from Brier Creek, but also a bit closer to Durham if you commute. There are pet friendly ...
    units here too which is nice!
    • Property Manager Responded

      May 22, 2025
      Hello, Thank you for taking the time to review our property. We truly appreciate your feedback, as it helps us grow and acknowledge areas where we need improvement. We will take this feedback as an opportunity to learn and improve – have a wonderful day! - The Falls Management
    • Property Manager Responded

      May 22, 2025
      Hello, Thank you for taking the time to review our community. If there is anything we can do to improve your time here at The Falls, please let us know. Have a great day! - The Falls Management
    Read More
    Review from Apartments.com

Points of Interest

Time and distance from The Falls.

Arts Museums and Landmarks

North Carolina Museum of Art

2110 Blue Ridge Rd
7 minute drive / 3.36 miles away

Haywood Hall House and Gardens

211 New Bern Pl. Raleigh, NC 27601
8 minute drive / 3.91 miles away

North Carolina Museum of History

5 East Edenton St
14 minute drive / 6.74 miles away

Big Box and Retail

Target

4841 Grove Barton Rd
2 minute drive / 0.92 miles away

Walgreens

2201 W Millbrook Rd
4 minute drive / 1.61 miles away

Macy's

4325 Glenwood Ave
4 minute drive / 2.02 miles away

Colleges and Universities

Meredith College

3800 Hillsborough St
9 minute drive / 4.42 miles away

North Carolina State University

1017 Main Campus Drive
12 minute drive / 5.78 miles away

William Peace University

15 E Peace St
13 minute drive / 6.35 miles away

Groceries

Lowe's

9600 Strickland Rd
9 minute drive / 4.26 miles away

Lidl

1105 N Harrison Ave
12 minute drive / 5.61 miles away

Wegmans

1200 Wake Towne Dr
12 minute drive / 5.71 miles away

Hospitals

Rex Hospital

4420 Lake Boone Trail
6 minute drive / 3.09 miles away

Duke Health Raleigh Hospital

3400 Wake Forest Rd
11 minute drive / 5.5 miles away

Wakemed Raleigh Campus

3000 New Bern Ave
18 minute drive / 8.48 miles away

Restaurants and Dining

Hhgregg

1830 Walnut St
15 minute drive / 7.22 miles away

Shopping Centers

Haverty Square

6701 Glenwood Ave
1 minute drive / 0.04 miles away

Townridge Shopping Center

6500-6602 Glenwood Ave
1 minute drive / 0.21 miles away

Duraleigh Corners

5800-5900 Duraleigh Rd
1 minute drive / 0.26 miles away

The Falls has 5 shopping centers within 0.7 miles.

Nearby Neighborhoods

Studio to 3 Bedroom Apartments from $942
View Rentals
Studio to 3 Bedroom Apartments from $805
View Rentals
Studio to 3 Bedroom Apartments from $805
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Raleigh Studio Apartments $1,482$832$4,127
Raleigh 1 Bedroom Apartments $1,530$636$6,450
Raleigh 2 Bedroom Apartments $1,888$845$8,104
Raleigh 3 Bedroom Apartments $2,093$719$8,182
Raleigh 4 Bedroom Apartments $1,665$620$10,000+
Raleigh 5 Bedroom Apartments $2,803$949$5,187

Browse Top Apartments in Raleigh

Viewing: The Falls | Desktop Version | Listing Updated: 04/10/2026 | AHLPLA