Top Rated Cheap Apartments for Rent in Raleigh, NC from $400 (210 Rentals)

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Top Rated Apartments in Raleigh.

Cheap Apartments in Raleigh.

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Sailboat Bay
$964 - $1,340
Total Monthly Price

Total Monthly Price

Base Rent
$964 - $1,340
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
Corporate Housing
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Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

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Columns at Wakefield
Rent Specials
$1,031 - $1,868
Total Monthly Price

Total Monthly Price

Base Rent
$1,031 - $1,868
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Columns at Wakefield

14114 Chriswick House LnRaleigh, NC 27614
Luxury
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Lofts at North Hills
Rent Specials
$1,046 - $3,081
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $3,081
Total Monthly Price
$1,046 - $3,081
1 to 3 Bedroom Apartments Available Now

Lofts at North Hills

214 Lofts LnRaleigh, NC 27609
Corporate Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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North Oaks Landing
Rent Specials
$1,119 - $2,747
Total Monthly Price

Total Monthly Price

Base Rent
$1,119 - $2,747
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

North Oaks Landing

2038 Quail Forest DrRaleigh, NC 27609
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Duraleigh Woods
Rent Specials
$1,132 - $1,628
Total Monthly Price

Total Monthly Price

Base Rent
$1,132 - $1,628
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
Eco-Friendly
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Sunnybrook Residences
Rent Specials
$1,139 - $1,897
Total Monthly Price

Total Monthly Price

Base Rent
$1,139 - $1,897
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Sunnybrook Residences

2421 Brightcreek Falls TrlRaleigh, NC 27610
Active Lifestyle
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Everly on 401
Rent Specials
$1,143 - $1,936
Total Monthly Price

Total Monthly Price

Base Rent
$1,143 - $1,936
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Everly on 401

7010 Fox Carriage DrRaleigh, NC 27616
Affordability
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Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

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Olde Towne Residences
Rent Specials
$1,162 - $1,987
Total Monthly Price

Total Monthly Price

Base Rent
$1,162 - $1,987
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Olde Towne Residences

2301 Ostracod LnRaleigh, NC 27610
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Hunting Ridge
$1,199 - $1,779
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,779
Total Monthly Price
$1,199 - $1,779
1 to 3 Bedroom Apartments Available Now

Hunting Ridge

1001-1019 Fox Hunt LnRaleigh, NC 27615
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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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The Falstaff
Rent Specials
$1,219 - $2,565
Total Monthly Price

Total Monthly Price

Base Rent
$1,219 - $2,565
Total Monthly Price
$1,219 - $2,565
Studio to 2 Bedroom Apartments Available Now

The Falstaff

101 Poe DrRaleigh, NC 27610
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Avana Lake Lynn
$1,235 - $11,226
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $11,226
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Avana Lake Lynn

3230 Stream Side RdRaleigh, NC 27613
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The Lincoln
Rent Specials
$1,238 - $2,652
Total Monthly Price

Total Monthly Price

Base Rent
$1,238 - $2,652
Total Monthly Price
$1,238 - $2,652
Studio to 2 Bedroom Apartments Available Now

The Lincoln

408 E Hargett StRaleigh, NC 27601
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Stonehenge
Rent Specials
$1,238 - $5,751
Total Monthly Price

Total Monthly Price

Base Rent
$1,238 - $5,751
Total Monthly Price
$1,238 - $5,751
1 to 3 Bedroom Apartments Available Now

Stonehenge

7303 Hihenge CtRaleigh, NC 27615
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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Raleigh, NC Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Raleigh, NC
Population: 469,298

Ranked #41

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Raleigh, NC Rentals by Map

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See the most popular apartments and homes in Raleigh, NC

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Raleigh, NC Area Reviews

  • Parks
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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 $845.

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 $1,643.

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 5,702 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 $535 which is $1,108 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 Discover Raleigh, North Carolina: A Locals Take on the City of Oaks article

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.