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

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

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Overture Cary
Rent Specials
$1,526 - $6,269
Total Monthly Price

Total Monthly Price

Base Rent
$1,526 - $6,269

Total Monthly Price
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Built in 20201 to 2 Bedroom Apartments Available Now

Overture Cary

1055 Hatches Pond LnMorrisville, NC 27560
Senior Living
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Broadstone Trailside
Rent Specials
$1,526 - $5,046
Total Monthly Price

Total Monthly Price

Base Rent
$1,526 - $5,046

Total Monthly Price
Varies
Built in 20201 to 3 Bedroom Apartments Available Now

Broadstone Trailside

5860 McCrimmon PkyMorrisville, NC 27560
Pet Friendly
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District Square
Rent Specials
$1,546 - $2,726
Total Monthly Price

Total Monthly Price

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$1,546 - $2,726

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Built in 2024Studio to 2 Bedroom Apartments Available Now

District Square

981-1005 Morrisville PkyMorrisville, NC 27560
Work From Home
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The Lindley at Grove 98
Rent Specials
$1,559 - $2,329
Total Monthly Price

Total Monthly Price

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$1,559 - $2,329

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

The Lindley at Grove 98

521 Granite Grove LoopWake Forest, NC 27587
Family Friendly
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Cedar Trace
Built in 20251 to 3 Bedroom Apartments

Cedar Trace

3432 Carr RdDurham, NC 27703
  • Utilities Included
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Encore at Heritage
Built in 20221 to 3 Bedroom Apartments

Encore at Heritage

1891 S Franklin StWake Forest, NC 27587
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Ashby at Twin Lakes
Built in 2022Studio to 3 Bedroom Apartments

Ashby at Twin Lakes

905 Lakeford DrMorrisville, NC 27560
Corporate Housing
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Urban Place
Built in 20221 to 2 Bedroom Apartments

Urban Place

400 E Chatham StCary, NC 27511
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Century Grove Park
Built in 20241 to 3 Bedroom Apartments

Century Grove Park

1700 Red Grove LnKnightdale, NC 27545
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The Allison at Fenton
Built in 2022Studio to 3 Bedroom Apartments

The Allison at Fenton

10 Fenton Main StCary, NC 27511
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Lionsgate Townhomes
Built in 20162 Bedroom Apartments

Lionsgate Townhomes

15 Fieldspar LnClayton, NC 27520

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 $942.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is The Terrace at Rock Quarry which is listed at $664, while the average apartment in Raleigh costs $2,294.

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 3,127 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 $450 which is $1,844 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

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.

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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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.