Cheap New Apartments for Rent in Raleigh, NC from $400 (169 Rentals)Page 2 of 4

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

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Walnut Terrace
Built in 20151 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included
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Pine Ridge Apartments
Built in 20231 to 3 Bedroom Apartments

Pine Ridge Apartments

501 Small Pine DrRaleigh, NC 27603
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1820 at Centennial
Built in 20183 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
  • Utilities Included
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1105 Flats at North Hills
Built in 20231 Bedroom Apartments

1105 Flats at North Hills

1105 Navaho DrRaleigh, NC 27609
Luxury
  • Utilities Included
  • Matterport 3D Tour
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The Piedmont Raleigh
Built in 2020Studio to 2 Bedroom Apartments

The Piedmont Raleigh

7621 Triangle Promenade DrRaleigh, NC 27616
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The Bluffs at Walnut Creek
Built in 20171 to 3 Bedroom Apartments

The Bluffs at Walnut Creek

2540 Bluffs View DrRaleigh, NC 27610
  • Utilities Included
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The L Apartments
Built in 2015Studio to 2 Bedroom Apartments

The L Apartments

205 W Davie StRaleigh, NC 27601
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Oak Forest Pointe
Built in 20231 to 2 Bedroom Apartments

Oak Forest Pointe

5700 Oak Forest DrRaleigh, NC 27616
Senior Living
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Bluestone Apartments
Built in 20181 to 3 Bedroom Apartments

Bluestone Apartments

6319 Fox RdRaleigh, NC 27616
  • Utilities Included
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The Line
Built in 2020Studio to 2 Bedroom Apartments

The Line

500 N West StRaleigh, NC 27603
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Channel House
Built in 2023Studio to 2 Bedroom Apartments

Channel House

540 St. Albans DrRaleigh, NC 27609
Showing Results 51-100, Page 2 of 4

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

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • 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 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 $907.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is The Retreat at Lake Johnson Apartments which is listed at $925, while the average apartment in Raleigh costs $2,515.

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 2,959 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 $453 which is $2,062 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.

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

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.