Cheap New Apartments for Rent in Raleigh, NC from $400 (186 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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Allora Southview
Rent Specials
$1,355 - $2,230
Total Monthly Price

Total Monthly Price

Base Rent
$1,355 - $2,230

Total Monthly Price
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Built in 2024Studio to 2 Bedroom Apartments Available Now

Allora Southview

211 Hammond DrRaleigh, NC 27603
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Leigh House
$1,363 - $1,944
Total Monthly Price

Total Monthly Price

Base Rent
$1,363 - $1,944

Total Monthly Price
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Built in 2017Studio to 2 Bedroom Apartments Available Now

Leigh House

2421 Landmark DrRaleigh, NC 27607
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Atlantic Springs
Rent Specials
$1,365 - $1,970
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $1,970

Total Monthly Price
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Built in 20231 to 2 Bedroom Apartments Available Now

Atlantic Springs

5540 Atlantic Springs RdRaleigh, NC 27616
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Everly on 401
Rent Specials
$1,369 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,369 - $2,200

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Built in 20231 to 2 Bedroom Apartments Available Now

Everly on 401

7010 Fox Carriage DrRaleigh, NC 27616
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Elan Capital Hills
Rent Specials
$1,372 - $2,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,372 - $2,667

Total Monthly Price
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Built in 20251 to 3 Bedroom Apartments Available Now

Elan Capital Hills

7100 Homestead Heights LnRaleigh, NC 27616
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Mira
Rent Specials
$1,377 - $3,415
Total Monthly Price

Total Monthly Price

Base Rent
$1,377 - $3,415

Total Monthly Price
Varies
Built in 2024Studio to 2 Bedroom Apartments Available Now

Mira

121 Kindley StRaleigh, NC 27601
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The Dakota
$1,387 - $2,121
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $2,121

Total Monthly Price
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Built in 20171 to 3 Bedroom Apartments Available Now

The Dakota

1201 Pine Haven DrRaleigh, NC 27607
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511 Faye
Rent Specials
$1,388 - $3,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,388 - $3,190

Total Monthly Price
Varies
Built in 2019Studio to 1 Bedroom Apartments Available Now

511 Faye

511 Fayetteville StRaleigh, NC 27601
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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Arlow at Blue Ridge
Rent Specials
$1,394 - $1,961
Total Monthly Price

Total Monthly Price

Base Rent
$1,394 - $1,961

Total Monthly Price
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Built in 20221 to 3 Bedroom Apartments Available Now

Arlow at Blue Ridge

601 McCaw Bridge StRaleigh, NC 27606
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Anderson Flats
Rent Specials
$1,401 - $2,143
Total Monthly Price

Total Monthly Price

Base Rent
$1,401 - $2,143

Total Monthly Price
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Built in 2016Studio to 2 Bedroom Apartments Available Now

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
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The Gramercy
$1,415 - $2,610
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $2,610

Total Monthly Price
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Built in 2016Studio to 2 Bedroom Apartments Available Aug 5

The Gramercy

650 W North StRaleigh, NC 27603
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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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Alexan Moto
Rent Specials
$1,429 - $2,544
Total Monthly Price

Total Monthly Price

Base Rent
$1,429 - $2,544

Total Monthly Price
Varies
Built in 2025Studio to 2 Bedroom Apartments Available Now

Alexan Moto

222 N West StRaleigh, NC 27603
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The Dillon
Rent Specials
$1,439 - $3,554
Total Monthly Price

Total Monthly Price

Base Rent
$1,439 - $3,554

Total Monthly Price
Varies
Built in 2018Studio to 3 Bedroom Apartments Available Now

The Dillon

401 W Hargett StRaleigh, NC 27603
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The Miles
Rent Specials
$1,445 - $6,211
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $6,211

Total Monthly Price
Varies
Built in 2024Studio to 3 Bedroom Apartments Available Now

The Miles

10 W Franklin StRaleigh, NC 27604
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Allora Pines
Rent Specials
$1,470 - $1,975
Total Monthly Price

Total Monthly Price

Base Rent
$1,470 - $1,975

Total Monthly Price
Varies
Built in 20241 to 2 Bedroom Apartments Available Now

Allora Pines

2720 Bristlecone TrailRaleigh, NC 27603
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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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400H
$1,523 - $4,229
Total Monthly Price

Total Monthly Price

Base Rent
$1,523 - $4,229

Total Monthly Price
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Built in 2023Studio to 2 Bedroom Apartments Available Now

400H

9 N Harrington StRaleigh, NC 27603
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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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Sycamore Run
Built in 20161 to 3 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610
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The Piedmont Raleigh
Built in 2020Studio to 2 Bedroom Apartments

The Piedmont Raleigh

7621 Triangle Promenade DrRaleigh, NC 27616
Corporate Housing

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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Channel House
Built in 2023Studio to 3 Bedroom Apartments

Channel House

540 St. Albans DrRaleigh, NC 27609
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Clairmont at Trinity
Built in 2020Studio to 2 Bedroom Apartments

Clairmont at Trinity

1601 Medlin Creek LoopRaleigh, NC 27607
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Marcom Street Apartments
Built in 20221 to 3 Bedroom Apartments

Marcom Street Apartments

1401 Stovall DrRaleigh, NC 27606
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Clairmont at Crabtree
Built in 20241 to 2 Bedroom Apartments

Clairmont at Crabtree

4410 Royal Hill CtRaleigh, NC 27612

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.

Raleigh, NC Area Reviews

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Chris1+ 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 $950.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is Olde School Commons which is listed at $709, while the average apartment in Raleigh costs $2,267.

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 2,170 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 $515 which is $1,752 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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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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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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.