
Cheap Homes for Rent near Lake Royale, NC from $895 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Royale.


311 Perry St

301 Perry St

2636 S Old Franklin Rd

201 Williamson St

227 Mineral Springs Rd
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.

135 Ransdell Ln

419 Ridley St

130 Brodie Privette Rd

2045 NC-561

150 Alston Pruitt Rd

954 Green Rd
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.

1096 NC-56
Lake Royale, NC Local Guide

How much does it cost to rent a home in Lake Royale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Royale 2 Bedroom Homes for Rent | $1,180 | $895 | $1,500 |
| Lake Royale 3 Bedroom Homes for Rent | $1,813 | $1,000 | $2,750 |
| Lake Royale 4 Bedroom Homes for Rent | $2,269 | $2,175 | $2,425 |
Browse Top Homes for Rent in Lake Royale
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Lake Royale, NC Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gladwen Wendell Falls | S1 | Studio,1BA | $1,244 |
| North Forest Apartments | The Dogwood | 1BR,1BA | $1,248 |
| Summit Place Apartments | 2 Bed 2 Bath | 2BR,2BA | $1,270 |
| Comet North Raleigh | Elm | 1BR,1BA | $1,275 |
| Ridgewood Apartments | Two Bedroom Townhome | 2BR,2BA | $1,278 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wallbrook Village | Coleman | 3BR,2.5BA | $1.38 |
| Oaks at Wendell | Willow | 3BR,2.5BA | $1.48 |
| Affinity at Wendell | Cannalily | 3BR,2.5BA | $1.44 |
| The Collection at Kinsley | Zephyr | 3BR,2.5BA | $1.28 |
| Bexley at Heritage | Willow | 3BR,2BA | $1.36 |
| West Oak Apartments | West Oak 2x2 | 2BR,2BA | $1.32 |
| Ridgewood Apartments | Three Bedroom | 3BR,2BA | $1.48 |
| Summit Place Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.31 |
| Shepard Greene Senior Living | 2 Bedroom | 2BR,1BA | $1.49 |
| Capital Creek at Heritage Apartments | 1BR 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.
Read ArticleReal 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 Lake Royale
What type of rentals are currently available in Lake Royale?
There are currently 30 Apartments for Rent in Lake Royale, NC with pricing that ranges from $1,202 to $3,358. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Royale ranging from $895 to $2,750.
What is the current price range for Rental Homes in Lake Royale?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Royale ranges from $895 to $2,750 with an average monthly rent of $1,713.
How much are larger Three and Four Bedroom Rentals in Lake Royale?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Royale range from $1,287 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,750. Four Bedroom Single-Family rentals are also available starting from $2,175 and Four Bedroom Apartments start at $1,920.
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

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.

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.

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.

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.