Cheap Apartments for Rent in Raleigh, NC from $400 (602 Rentals)

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2002 Technology Woods Dr
$620
Total Monthly Price

Total Monthly Price

Base Rent
$620
Total Monthly Price
$620
1 to 4 Bedroom Apartment Available Now

2002 Technology Woods Dr

2002 Technology Woods DrRaleigh, NC 27603
Cost Per Sq.Ft.

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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Skyhouse Raleigh
Rent Specials
$914 - $2,675
Total Monthly Price

Total Monthly Price

Base Rent
$914 - $2,675
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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Duraleigh Woods
Rent Specials
$974 - $1,518
Total Monthly Price

Total Monthly Price

Base Rent
$974 - $1,518
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
Pet Friendly
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Bridgeport
Rent Specials
$991 - $1,542
Total Monthly Price

Total Monthly Price

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$991 - $1,542
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Sailboat Bay
$1,008 - $1,344
Total Monthly Price

Total Monthly Price

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$1,008 - $1,344
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
Corporate Housing
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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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Raleigh, NC Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Raleigh, NC

Pricing Updated: 06/11/2026

Current apartment rentals in the Raleigh, NC area range in price from $599 to $11,509 with an overall median price of $2,294. The three Raleigh neighborhoods with the lowest median rent pricing are Weatherly at $1,015, Belle Aire Acres at $1,270, and Bunn Lake Estates at $1,275. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Weatherly$1,015$1,0151
Belle Aire Acres$1,275$1,2704
Bunn Lake Estates$1,275$1,2752
Hempstede$1,275$1,2704
Judd Saint Estates$1,275$1,2704
Grove Park$1,399$69949
Stephenson$1,445$1,0951
University Suites$1,532$599126
Camden Crossing$1,535$59922
Carlton Heights$1,575$62569

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a 1 Bed unit found at The Terrace at Rock Quarry in the East Raleigh neighborhood priced from $664. Olde School Commons in the Sandlin Branch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $709. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Terrace at Rock QuarryOne bedroom 30%1BR,1BA$664
Olde School CommonsOSC 1/11BR,1BA$709
Stanhope2x2 Shared2BR,2BA$845
Tree TopS1: 0 Bed 1 BathStudio,1BA$891
Lexington on the GreenA11BR,1BA$908
Westgrove Tower CondominiumsS1Studio,1BA$915
MAA Trinity11A1BR,1BA$923
CommonPlace North WoodsSTA - Studio AStudio,1BA$929
The Parke at Trinity Apartment HomesA11BR,1BA$931
The FallsCapris FallsStudio,1BA$942

Best Value Apartments for Rent in Raleigh, NC

As of June 11, 2026 the best value apartment in the Raleigh area is the $0.42 price per square foot 4 Bedroom, 4 Bath Townhome Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $899. The second greatest value Raleigh apartment is the 4x4.5 Model at Redfield Villages starting at $899 with a $0.48 price per square foot in the Grove Park neighborhood. 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.
Redpoint Raleigh4 Bedroom, 4 Bath Townhome4BR,4BA$0.42
Redfield Villages4x4.54BR,4.5BA$0.48
Village Green Student Housing4BD/4BA4BR,4BA$0.57
The Station Raleigh3x3 - Hillsborough A3BR,3BA$0.94
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.50
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Centennial Ridge Student Housing3x33BR,3BA$0.49
Centennial Village Student Housing3x33BR,3BA$0.49
1820 at Centennial3x33BR,3BA$0.61
Olde School CommonsOSC 1/11BR,1BA$0.89

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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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Raleigh Overview

The capital city of the great state of North Carolina and a jewel of the east coast, Raleigh is one of the fastest-growing destinations in the entire nation. Taking its name from Sir Walter Raleigh and acting as home to a number of prestigious universities, Raleigh's effortless mix of southern charm and big city convenience meld to create a truly one-of-a-kind city. A wide variety of options for Raleigh apartments in neighborhoods all over the area make this city a wonderful place to move to.

Why live in Raleigh, NC?

From the nightlife excitement that lines the downtown scene to the large number of world-class eateries and art galleries, Raleigh has been a gem of North Carolina for decades. It's no coincidence that this dynamic and on-the-move destination boasts the title of state capital, effortlessly blending historic architecture with modern convenience. Raleigh has consistently made the list of 'best places to live' by a wide swath of distinguished media, including #1 by Businessweek and #3 by Forbes.

Raleigh, NC
Population: 469,298

Ranked #41

in US Census Population by City

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

Explore Raleigh, NC Rentals by Map

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See the most popular apartments and homes in Raleigh, NC

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Raleigh, NC Area Reviews

  • Parks
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  • Traffic
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  • Cost of Living
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Chris • 1+ years in Raleigh

February 27, 2025

It's an ideal spot for college students, young families, and business professionals. If you can tolerate some traffic jams periodically, then Raleigh's a terrific area in North Carolina.

Frequently Asked Questions about Cheap Raleigh Apartments

What is a cheap apartment in Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Raleigh is under $942.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is The Terrace at Rock Quarry which is listed at $664, while the average apartment in Raleigh costs $2,294.

What types of apartments are the cheapest in Raleigh?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,127 regular apartments in Raleigh that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Raleigh?

Cheap apartments in Raleigh have an average cost of $450 which is $1,844 cheaper than the average rent for all rentals in Raleigh.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

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Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.