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The Falls Apartments

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

Contact

The Falls

4518 Tournament Dr
Raleigh, NC 27612
(984) 367-6846
The Falls in Raleigh, NC - Building Photo
  • Studio–2 Bedrooms
  • $946-$1,787 Pricing
  • 337–878 Square Feet

Rent Specials

Apply Within 48 Hours Of Your Tour To Receive - Waived App/Res Fees For All Units - First Month Free On Unit 4510-301 Only (Exclusions Apply. Valid For 8-13 Month 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 $946 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 $946

    Studio, 1 Bath, 337 sq ft
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $971Available Now4600-307337
    $971 May 31, 20264660-302337
    $946 June 7, 20264650-201337

    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

    • $946 - $1,232

    Current Available Pricing

    • $946 - $971

    Unit 4600-307 Rent and Fees

    Unit Price

    • $971
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $946 - $1,232

    Unit 4660-302 Rent and Fees

    Unit Price

    • $971
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $946 - $1,232

    Unit 4650-201 Rent and Fees

    Unit Price

    • $946
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $946 - $1,232
  • 1 Bedroom

    Emerald Falls

    From $1,023

    1 Bed, 1 Bath, 437 sq ft
    Available May 28

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,033 May 28, 20264520-103437
    $1,023 May 28, 20264610-306437
    $1,043 July 5, 20264650-106437

    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

    • $1,018 - $1,330

    Current Available Pricing

    • $1,023 - $1,043

    Unit 4520-103 Rent and Fees

    Unit Price

    • $1,033
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,018 - $1,330

    Unit 4610-306 Rent and Fees

    Unit Price

    • $1,023
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,018 - $1,330

    Unit 4650-106 Rent and Fees

    Unit Price

    • $1,043
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,018 - $1,330

    Paradise Falls

    From $1,131

    1 Bed, 1 Bath, 564 sq ft
    Available Aug 6

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,131 August 6, 20264510-105564

    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 4510-105 Rent and Fees

    Unit Price

    • $1,131
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,131 - $1,396
  • 2 Bedrooms

    Cascade Falls

    From $1,349

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

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,349Available Now4510-301878

    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 4510-301 Rent and Fees

    Unit Price

    • $1,349
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,349 - $1,777

    Sierra Falls

    From $1,259

    2 Beds, 1 Bath, 626 sq ft
    Available Jul 11
    Cheapest 2 BedroomThis is the cheapest 2 Bedroom at this Property

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,259 July 11, 20264520-101626
    $1,259 July 15, 20264640-108626

    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

    • $1,259 - $1,530

    Current Available Pricing

    • $1,259

    Unit 4520-101 Rent and Fees

    Unit Price

    • $1,259
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,259 - $1,530

    Unit 4640-108 Rent and Fees

    Unit Price

    • $1,259
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,259 - $1,530

    Oasis Falls

    From $1,426

    2 Beds, 2 Baths, 828 sq ft
    Available Jun 3

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,426 June 3, 20264580-202828
    $1,480 June 27, 20264510-102828
    $1,480 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

    Model Rent and Fees

    Model Price Range

    • $1,426 - $1,787

    Current Available Pricing

    • $1,426 - $1,480

    Unit 4580-202 Rent and Fees

    Unit Price

    • $1,426
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,426 - $1,787

    Unit 4510-102 Rent and Fees

    Unit Price

    • $1,480
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,426 - $1,787

    Unit 4620-101 Rent and Fees

    Unit Price

    • $1,480
    • View Details and Rent Estimate

    Model Rent and Fees

    Model Price Range

    • $1,426 - $1,787
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
Security Deposit - Non-Refundablei*Security deposit may range from $500 to one month’s rent. Charged Per Unit.$500.00
Application Fee Per ApplicantiCharged per applicant.$50.00
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 $946 to $1,480

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 - Waived App/Res Fees For All Units - First Month Free On Unit 4510-301 Only (Exclusions Apply. Valid For 8-13 Month Lease Terms Only). Contact Us For More Information!.

Lifestyle Ratings

  • Affordability Nice Value3.2

    The The Falls Apartments are 23.07% cheaper than the average apartment in the Crabtree Valley area, and 34.87% cheaper than the average apartment city-wide.

    Rent Comparison to the Crabtree Valley Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$946$1,198-$252-21.0%
    1 Bedroom$1,018$1,334-$316-23.7%
    2 Bedroom$1,259$1,667-$408-24.5%

    Rent Comparison to the city of Raleigh

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$946$1,486-$540-36.3%
    1 Bedroom$1,018$1,553-$535-34.4%
    2 Bedroom$1,259$1,905-$646-33.9%

    Methodology: On 05/27/2026, ApartmentHomeLiving.com compared current rents by floorplan to 164 other apartment communities in the immediate area around The Falls (Crabtree Valley), and 2209 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 05/27/2026

  • 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

4.5
172 Renters Reviews
  • Verified Renter

    May 18, 2026
    All of my requests were completely quickly and efficiently! Greatly appreciated!
    • Property Manager Responded

      May 21, 2026
      Hello, thank you for your feedback! We're glad to know that our team was able to assist you efficiently. The Falls Management.
    Review from Apartments.com
  • Verified Renter

    May 4, 2026
    I am very happy with management and the team who helped me with acquiring the apartment. All of the people at the leasing office are very helpful. The condition/smell of my apartment has not been resolved just yet but we are working on that.
    • Property Manager Responded

      May 14, 2026
      Hello, It's wonderful to hear that our team has been supportive in your apartment journey. We appreciate your patience regarding the condition issue and are here to help! Thanks for choosing us! - The Falls Management.
    Review from Apartments.com
  • Verified Renter

    April 8, 2026
    great place to live, clean, updated and close to everything. questions are answered quickly by the office and maintenance is polite, professional and efficient
    • Property Manager Responded

      April 16, 2026
      Hi there, Thanks for the feedback! We're thrilled to hear that you're enjoying our community and appreciate your kind words about our team members. - The Falls Management
    Review from Apartments.com
  • Verified Renter

    March 31, 2026
    Hasta el momento se vive bien y un lugar muy tranquilo de apartamento
    • Property Manager Responded

      April 23, 2026
      Hola, ¡Gracias! Nos alegra saber que estás disfrutando de la tranquilidad de nuestra comunidad. Si necesitas algo, no dudes en contactarnos. - The Falls Management
    Review from Apartments.com
  • Verified Renter

    March 30, 2026
    Great place, almost 4 years here. Quiet, well managed.
    • Property Manager Responded

      April 6, 2026
      Hello, Thank you for your kind words and for being a part of our community for almost 4 years! We're thrilled to hear that you find it quiet and well-managed. We appreciate having you as a resident! - The Falls Management
    Review from Apartments.com
  • Verified Renter

    March 10, 2026
    I love the falls and amenities and staff is great
    • Property Manager Responded

      April 23, 2026
      Hello, thank you for your wonderful feedback! We're thrilled to hear that you love our community, amenities, and team members. Your satisfaction is our top priority. - The Falls Management
    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

Nearby Schools

York Elementary

Wake County School District
5201 Brookhaven Drive
Public School - Grades PK-5 (429 Students)
In Attendance Zone5 minute drive / 1.8 miles away
7/10

Needham Broughton High

Wake County School District
723 Saint Marys Street
Public School - Grades 9-12 (2128 Students)
In Attendance Zone12 minute drive / 5.8 miles away
7/10

Oberlin Middle School

Wake County School District
2816 Oberlin Road
Public School - Grades 6-8 (1076 Students)
In Attendance Zone9 minute drive / 4.3 miles away
6/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.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

Crabtree Valley

Studio to 3 Bedroom Apartments from $913
View Rentals

Brookhaven

Studio to 3 Bedroom Apartments from $913
View Rentals

Copper Ridge

Studio to 3 Bedroom Apartments from $880
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Raleigh Studio Apartments $1,486$913$2,755
Raleigh 1 Bedroom Apartments $1,553$625$6,450
Raleigh 2 Bedroom Apartments $1,905$797$9,864
Raleigh 3 Bedroom Apartments $2,121$625$9,209
Raleigh 4 Bedroom Apartments $1,769$620$10,000+
Raleigh 5 Bedroom Apartments $2,878$949$5,162

Browse Top Apartments in Raleigh

Viewing: The Falls | Desktop Version | Listing Updated: 05/26/2026 | AHLPLA