Cheap Apartments for Rent in Raleigh, NC from $599 (633 Rentals)

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

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

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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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Bridgeport
Rent Specials
$937 - $1,566

Total Monthly Price

Base Rent$937 - $1,566
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
Affordability
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  • Customer Reviewed
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Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

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Duraleigh Woods
Rent Specials
$968 - $1,612

Total Monthly Price

Base Rent$968 - $1,612
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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Wedgwood Apartments
$989 - $1,819

Total Monthly Price

Base Rent$989 - $1,819
Total Monthly Price$989 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
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Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Lofts at North Hills
Rent Specials
$1,032 - $3,123

Total Monthly Price

Base Rent$1,032 - $3,123
Total Monthly Price$1,032 - $3,123
1 to 3 Bedroom Apartments Available Now

Lofts at North Hills

214 Lofts LnRaleigh, NC 27609
Corporate 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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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: 09/06/2026

Current apartment rentals in the Raleigh, NC area range in price from $450 to $8,400 with an overall median price of $1,895. The three Raleigh neighborhoods with the lowest median rent pricing are Kingsland at $650, MacGregor at $685, and Lake Johnson at $1,095. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kingsland$650$6501
MacGregor$685$6851
Lake Johnson$1,095$5508
Athens$1,350$50032
Dillard$1,350$50043
Hunters Crossing$1,350$45069
Indian Hills$1,405$50036
Hunters Creek$1,407$45072
College View$1,445$45056
University Suites$1,472$50086

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a 4 Beds unit found at Friendly105 Apartments in the Grove Park neighborhood priced from $625. 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
Friendly105 ApartmentsLIMITED TIME, FREE MONTH SIGN BY 7/31! Fully Fu...4BR,4BA$625
Olde School CommonsOSC 1/11BR,1BA$709
The Preserve at Gresham Lake1 Bedroom1BR,1BA$730
Hub Raleigh4x2 Pod4BR,2BA$799
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$800
Stanhope2x2 Shared2BR,2BA$845
The Kenton Apartments1BR/1.0BA1BR,1BA$850

Best Value Apartments for Rent in Raleigh, NC

As of September 06, 2026 the best value apartment in the Raleigh area is the $0.48 price per square foot 4x4.5 Model at Redfield Villages in the in the Grove Park neighborhood starting from $899. The second greatest value Raleigh apartment is the 4x4 Model at University Village at 2505 starting at $799 with a $0.55 price per square foot in the University Suites 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.
Redfield Villages4x4.54BR,4.5BA$0.48
University Village at 25054x44BR,4BA$0.55
2021 Wolf Tech Ln, Unit 2042021 Wolf Tech Ln4BR,4BA$0.46
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.51
Tryon Flats ApartmentsA24BR,4BA$0.58
3770 Pardue Woods Pl, Unit 3013770 Pardue Woods Pl3BR,3BA$0.48
1500 Graduate Ln, Unit 15001500 Graduate Ln4BR,4BA$0.48
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

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
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  • Outdoor Access
  • Cost of Living
  • Safety

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 the Cheapest Studio apartment in Raleigh?

Currently the most affordable Cheap Studio Apartment in Raleigh is at Westgrove Tower Condominiums listed at $915.

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

The lowest price for a Cheap One Bedroom Raleigh Apartment is $709 at Olde School Commons.

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 $800 at Walnut Creek Apartments.

What is the most affordable Raleigh Three Bedroom Apartment?

The best deal on a cheap Raleigh Three Bedroom Apartment rental is at Hub Raleigh and starts from $1,159.

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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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.

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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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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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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.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.