Cheap Apartments for Rent near Lake Royale, NC from $1,202 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Royale.

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Gladwen Wendell Falls
$1,244 - $2,452
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$1,244 - $2,452
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Studio to 3 Bedroom Apartments Available Now

Gladwen Wendell Falls

1440 Yellow Desert WayWendell, NC 27591
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North Forest Apartments
Rent Specials
$1,248 - $1,884
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$1,248 - $1,884
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1 to 2 Bedroom Apartments Available Now

North Forest Apartments

835 Stadium DrWake Forest, NC 27587
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The Pointe at Heritage
Rent Specials
$1,305 - $3,519
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$1,305 - $3,519
Total Monthly Price
$1,305 - $3,519
1 to 3 Bedroom Apartments Available Now

The Pointe at Heritage

1747 Alexander Springs LnWake Forest, NC 27587
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Lindley at Grove 98
Rent Specials
$1,516 - $2,329
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Total Monthly Price

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$1,516 - $2,329
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1 to 3 Bedroom Apartments Available Now

The Lindley at Grove 98

521 Granite Grove LoopWake Forest, NC 27587
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-34, Page 1 of 1

Lake Royale, NC Local Guide

Cheapest Available Lake Royale Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Royale, NC is a Studio unit found at Gladwen Wendell Falls in the East Raleigh neighborhood priced from $1,244. North Forest Apartments in the Reynolds Mill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,248. Here is today’s list of the most affordable Lake Royale apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gladwen Wendell FallsS1Studio,1BA$1,244
North Forest ApartmentsThe Dogwood1BR,1BA$1,248
Summit Place Apartments2 Bed 2 Bath2BR,2BA$1,270
Comet North RaleighElm1BR,1BA$1,275
Ridgewood ApartmentsTwo Bedroom Townhome2BR,2BA$1,278
Capital Creek at Heritage Apartments1BR 1BA (A3 - 833 SF)1BR,1BA$1,289
The Pointe at HeritageJade1BR,1BA$1,305
Shepard Greene Senior Living2 Bedroom2BR,1BA$1,350
West Oak ApartmentsWest Oak 2x22BR,2BA$1,354
Pines at Wake ForestA1A1BR,1BA$1,355

Best Value Apartments for Rent in Lake Royale, NC and Nearby

As of August 22, 2026 the best value apartment in the Lake Royale area is the $1.38 price per square foot Coleman Model at Wallbrook Village in the in the Heritage Hills neighborhood starting from $2,655. The second greatest value Lake Royale apartment is the Willow Model at Oaks at Wendell starting at $2,520 with a $1.48 price per square foot in the Gaylee Village neighborhood. Here is today’s list of the best values for Lake Royale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wallbrook VillageColeman3BR,2.5BA$1.38
Oaks at WendellWillow3BR,2.5BA$1.48
Affinity at WendellCannalily3BR,2.5BA$1.44
The Collection at KinsleyZephyr3BR,2.5BA$1.28
Bexley at HeritageWillow3BR,2BA$1.36
West Oak ApartmentsWest Oak 2x22BR,2BA$1.32
Ridgewood ApartmentsThree Bedroom3BR,2BA$1.48
Summit Place Apartments2 Bed 2 Bath2BR,2BA$1.31
Shepard Greene Senior Living2 Bedroom2BR,1BA$1.49
Capital Creek at Heritage Apartments1BR 1BA (A3 - 833 SF)1BR,1BA$1.55

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lake Royale Apartments

What is the Cheapest Studio apartment in Lake Royale?

Currently the most affordable Cheap Studio Apartment in Lake Royale is at Gladwen Wendell Falls listed at $1,244.

How much is rent for a Cheap One Bedroom Lake Royale Apartment?

The lowest price for a Cheap One Bedroom Lake Royale Apartment is $1,248 at North Forest Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Royale Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Royale is starting from $1,270 at Summit Place Apartments.

What is the most affordable Lake Royale Three Bedroom Apartment?

The best deal on a cheap Lake Royale Three Bedroom Apartment rental is at Ridgewood Apartments and starts from $1,522.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.