
Cheap Apartments for Rent in Raleigh, NC from $400 (583 Rentals)
Search the lowest-cost Apartments available for rent right now in Raleigh.


2021 Wolf Tech Ln, Unit 204

3770 Pardue Woods Pl, Unit 301

1440 Collegiate Cir, Unit 104

Room in Apartment on Crab Orchard Dr

613 Quarry St

The Oaks Apartments

The Parke at Trinity Apartment Homes

Lewis Place
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.

Pine Hills Apartments 55+

Westgrove Tower Condominiums

Vivo Living North Woods

Arbor Creek

Bridges at North Hills

Aria North Hills

The Trails of North Hills

Woodlake Downs
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Autumn Ridge

Vivo Living Raleigh

Averelle North Hills

Village of Pickwick

The Retreat at Lake Johnson Apartments

Brentmoor Apartments

Tree Top

Lexington on the Green

Quail Ridge Apartments

Pine Knoll Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1402 Gorman St

The District North Hills

Anson at North Hills

Level at 401

Lake Lynn Reserve Apartments

Andover at Crabtree

Columns at Wakefield

Trailwood Crossing Apartments
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.

Sommerset Place

Spring Forest

403 West

Oak City Apartments

Regency Park Apartment Homes

The Park at North Ridge

Parkwood Village Apartments
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

905 Hardimont Rd

701 Smithdale Dr
Raleigh, NC Local Guide

How much does it cost to rent an apartment in Raleigh?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Raleigh Studio Apartments | $1,526 | $899 | $5,458 |
Cheap Raleigh 1 Bedroom Apartments | $1,674 | $450 | $6,417 |
Cheap Raleigh 2 Bedroom Apartments | $2,062 | $750 | $8,071 |
Cheap Raleigh 3 Bedroom Apartments | $2,401 | $820 | $9,292 |
Cheap Raleigh 4 Bedroom Apartments | $1,739 | $470 | $3,860 |
Browse Top Apartments in Raleigh
See all Apartments in RaleighExplore Raleigh

Raleigh, NC Local Guide

- Raleigh Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Raleigh, NC
Pricing Updated: 07/12/2025Current apartment rentals in the Raleigh, NC area range in price from $470 to $9,292 with an overall median price of $2,302. The three Raleigh neighborhoods with the lowest median rent pricing are Belle Aire Acres at $1,275, Bunn Lake Estates at $1,275, and Hempstede at $1,275. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Belle Aire Acres | $1,275 | $1,275 | 5 |
Bunn Lake Estates | $1,275 | $1,275 | 5 |
Hempstede | $1,275 | $1,275 | 5 |
Judd Saint Estates | $1,275 | $1,275 | 5 |
Buffalo Creek | $1,605 | $1,375 | 35 |
Carlton Heights | $1,729 | $859 | 60 |
College View | $1,729 | $859 | 73 |
Gorman | $1,729 | $859 | 60 |
Sandlin Branch | $1,735 | $999 | 101 |
Poole Farms | $1,751 | $1,113 | 26 |
Cheapest Available Raleigh Apartments for Rent
 The cheapest available apartment rental in Raleigh, NC is a 1 Bed unit found at The Oaks Apartments in the East Raleigh neighborhood priced from $799. The Parke at Trinity Apartment Homes in the Beechtree neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Raleigh apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Oaks Apartments | 1 Bedoom 1 Bathoom | 1BR,1BA | $799 |
The Parke at Trinity Apartment Homes | A1 | 1BR,1BA | $850 |
Westgrove Tower Condominiums | S1 | Studio,1BA | $895 |
Vivo Living North Woods | Studio A | Studio,1BA | $899 |
The Falls | Capris Falls | Studio,1BA | $917 |
Pullen Station Lofts | Studio | Studio,1BA | $950 |
Averelle North Hills | The Camellia | 1BR,1BA | $950 |
1105 Flats at North Hills | A1 | 1BR,1BA | $950 |
Best Value Apartments for Rent in Raleigh, NC
As of July 12, 2025 the best value apartment in the Raleigh area is the $0.55 price per square foot 5x5 Loft Private Access Model at Paloma Raleigh in the in the Roylene Acres neighborhood starting from $959. The second greatest value Raleigh apartment is the 4x4 Model at University Village at 2505 starting at $815 with a $0.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Paloma Raleigh | 5x5 Loft Private Access | 5BR,5BA | $0.55 |
University Village at 2505 | 4x4 | 4BR,4BA | $0.56 |
Yugo Raleigh Logan | 4 Bed, 4 Bath Plus | 4BR,4BA | $0.88 |
Welcome to our luxurious apartment community | Rented by the bedroom including utilities. Clos... | 4BR,4BA | $0.67 |
Northridge Crossings | The Stemwinder I | 2BR,2BA | $0.94 |
Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.57 |
Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.62 |
Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.62 |
1820 at Centennial | 3x3 | 3BR,3BA | $0.84 |
Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
Quick Rent Budget Calculator
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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, NCPopulation: 469,298
Ranked #41
in US Census Population by City
Pet Friendly LifestyleRaleigh, NC
Ranked #2
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Raleigh, NC Rentals by Map
See the most popular apartments and homes in Raleigh, NC
Getting Around Raleigh, NC
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
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.
Raleigh, NC Area Reviews
Chris • 1+ years in Raleigh
February 27, 2025It'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 $950.
What is the price of a cheap apartment in Raleigh?
The cheapest apartment in Raleigh is The Oaks Apartments which is listed at $799, while the average apartment in Raleigh costs $2,302.
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 2,734 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 $549 which is $1,753 cheaper than the average rent for all rentals in Raleigh.
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.

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.

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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.