Cheap Apartments for Rent in Raleigh, IL from $400 (33 Rentals)

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

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413 W Main St
1 to 3 Bedroom Apartments

413 W Main St

405 S Graham AveCarbondale, IL 62901

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Maple Valley Townhomes
2 Bedroom Apartments

Maple Valley Townhomes

618 E Waverly StMorganfield, KY 42437
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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Raleigh, IL Local Guide

Cheapest Available Raleigh Apartments for Rent and Nearby

 

The cheapest available apartment rental in Raleigh, IL is a Studio unit found at Saluki Apartments priced from $420. Campus Edge has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Saluki ApartmentsStudioStudio,1BA$420
Campus EdgeStudioStudio,1BA$450
The Quadrangle Apartments0BR/1.0BAStudio,1BA$450
Schilling Property Management1 Bed, 1 bath1BR,1BA$550
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$580
Come Enjoy Ashburn Court Apartments1BR/1.0BA1BR,1BA$650
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$700
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$790
University Edge Apartments2 Bedroom2BR,2BA$800
Shawnee Village1 BR /1 BA1BR,1BA$853

Best Value Apartments for Rent in Raleigh, IL and Nearby

As of August 02, 2025 the best value apartment in the Raleigh area is the $0.45 price per square foot Three Bedroom (1.5 or 2.5 bath) Model at Alpha Property Management (Alpha Rentals) in the starting from $995. The second greatest value Raleigh apartment is the 3 bedroom Model at 2707 Fairway Dr starting at $1,400 with a $1.00 price per square foot . Here is today’s list of the best values for Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alpha Property Management (Alpha Rentals)Three Bedroom (1.5 or 2.5 bath)3BR,2BA$0.45
2707 Fairway Dr3 bedroom3BR,2BA$1.00
Grand Place Apartments3 Bedrooms3BR,2BA$1.08
Storyboard on Black DiamondBlack Diamond A11BR,1BA$1.23
Newly Renovated 2 Bedrooms!2BR/1.0BA2BR,1BA$1.05
Schilling Property Management1 Bed, 1 bath1BR,1BA$0.79
The MetropolitanMetropolis 1 Bed 1 Bath1BR,1BA$1.14
Saint Germain Square1 Bedroom 1 Bath1BR,1BA$1.29
Ambassador Studio ApartmentsStudioStudio ,1BA$1.33
University Edge ApartmentsStudioStudio ,1BA$1.40

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

Explore Raleigh, IL Rentals by Map

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Getting Around Raleigh, IL

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Raleigh Apartments

What is the Cheapest Studio apartment in Raleigh?

Currently the most affordable Cheap Studio Apartment in Raleigh is at Saluki Apartments listed at $420.

How much is rent for a Cheap One Bedroom Raleigh Apartment?

The lowest price for a Cheap One Bedroom Raleigh Apartment is $550 at Schilling Property Management.

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

Today's best deal for a Cheap Two Bedroom Apartment in Raleigh is starting from $790 at Newly Renovated 2 Bedrooms!.

What is the most affordable Raleigh Three Bedroom Apartment?

The best deal on a cheap Raleigh Three Bedroom Apartment rental is at The Quadrangle Apartments and starts from $900.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.