Cheap New Apartments for Rent in Raleigh, NC from $400 (170 Rentals) Page 2 of 4

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Elan Capital Hills
Rent Specials
$1,372 - $2,602
Total Monthly Price

Total Monthly Price

Base Rent
$1,372 - $2,602

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
Luxury
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Leigh House
$1,383 - $2,357
Total Monthly Price

Total Monthly Price

Base Rent
$1,383 - $2,357

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

Leigh House

2421 Landmark DrRaleigh, NC 27607
Pet Friendly
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Cortland Glenwood South
Rent Specials
$1,389 - $9,967
Total Monthly Price

Total Monthly Price

Base Rent
$1,389 - $9,967

Total Monthly Price
$1,389 - $9,967
Built in 2020Studio to 3 Bedroom Apartments Available Now

Cortland Glenwood South

417 W Peace StRaleigh, NC 27603
Luxury
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Anderson Flats
Rent Specials
$1,391 - $2,053
Total Monthly Price

Total Monthly Price

Base Rent
$1,391 - $2,053

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

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
Affordability
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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.

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Milo
Rent Specials
$1,405 - $2,670
Total Monthly Price

Total Monthly Price

Base Rent
$1,405 - $2,670

Total Monthly Price
Varies
Built in 20231 to 3 Bedroom Apartments Available Now

Milo

821 Hanbury WyRaleigh, NC 27607
Luxury
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Atlantic Springs
Rent Specials
$1,409 - $2,035
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $2,035

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

Atlantic Springs

5540 Atlantic Springs RdRaleigh, NC 27616
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Mira
Rent Specials
$1,411 - $3,244
Total Monthly Price

Total Monthly Price

Base Rent
$1,411 - $3,244

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

Mira

121 Kindley StRaleigh, NC 27601
Family Friendly
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Allora Southview
Rent Specials
$1,414 - $2,230
Total Monthly Price

Total Monthly Price

Base Rent
$1,414 - $2,230

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

Allora Southview

211 Hammond DrRaleigh, NC 27603
Affordability
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The Dillon
$1,429 - $3,909
Total Monthly Price

Total Monthly Price

Base Rent
$1,429 - $3,909

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

The Dillon

401 W Hargett StRaleigh, NC 27603
Transit Friendly
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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.

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The Signal
Rent Specials
$1,455 - $5,540
Total Monthly Price

Total Monthly Price

Base Rent
$1,455 - $5,540

Total Monthly Price
Varies
Built in 2022Studio to 3 Bedroom Apartments Available Now

The Signal

721 Halifax StRaleigh, NC 27604
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400H
Rent Specials
$1,457 - $3,962
Total Monthly Price

Total Monthly Price

Base Rent
$1,457 - $3,962

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

400H

9 N Harrington StRaleigh, NC 27603
Furnished
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The Point
$1,499 - $3,337
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $3,337

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

The Point

605 Halifax StRaleigh, NC 27604
Affordability
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Alexan Moto
Rent Specials
$1,499 - $2,954
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,954

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

Alexan Moto

222 N West StRaleigh, NC 27603
Family Friendly
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Allora Pines
$1,505 - $1,970
Total Monthly Price

Total Monthly Price

Base Rent
$1,505 - $1,970

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

Allora Pines

2720 Bristlecone TrailRaleigh, NC 27603
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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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Sunnybrook Pointe
Rent Specials
$1,557 - $1,816
Total Monthly Price

Total Monthly Price

Base Rent
$1,557 - $1,816

Total Monthly Price
$1,557 - $1,816
Built in 20201 to 3 Bedroom Apartments Available Now

Sunnybrook Pointe

3301 Sungrove LnRaleigh, NC 27610
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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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Milner Commons
Built in 2024Studio to 2 Bedroom Apartments

Milner Commons

101 Russ StRaleigh, NC 27610
Senior Living
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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

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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Channel House
Built in 2023Studio to 3 Bedroom Apartments

Channel House

540 St. Albans DrRaleigh, NC 27609
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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 Line
Built in 2020Studio to 3 Bedroom Apartments

The Line

500 N West StRaleigh, NC 27603
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The Eastern
Built in 2022Studio to 3 Bedroom Apartments

The Eastern

4204 Six Forks RdRaleigh, NC 27609
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Bluestone Apartments
Built in 20181 to 3 Bedroom Apartments

Bluestone Apartments

6319 Fox RdRaleigh, NC 27616
  • Utilities Included

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 $900.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is Laurel Crossing Apartments which is listed at $636, while the average apartment in Raleigh costs $2,380.

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 4,902 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 $466 which is $1,914 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.