Cheap Apartments for Rent in Raleigh, NC from $400 with Washer/Dryer (437 Rentals) Page 2 of 9

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

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Montecito
Rent Specials
$1,101 - $1,381
Total Monthly Price

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$1,101 - $1,381

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1 to 2 Bedroom Apartments Available Now

Montecito

3800 Colby DrRaleigh, NC 27609
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Brentwood West
$1,108 - $1,343
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Total Monthly Price

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$1,108 - $1,343

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1 to 3 Bedroom Apartments Available Now

Brentwood West

3800-3839 Brentwood RdRaleigh, NC 27604
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Concord Apartments
$1,119 - $1,502
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$1,119 - $1,502

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1 to 3 Bedroom Apartments Available Now

Concord Apartments

3920 Knickerbocker PkyRaleigh, NC 27612
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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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Sunnybrook Residences
Rent Specials
$1,120 - $2,059
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Total Monthly Price

Base Rent
$1,120 - $2,059

Total Monthly Price
$1,120 - $2,059
Studio to 3 Bedroom Apartments Available Now

Sunnybrook Residences

2421 Brightcreek Falls TrlRaleigh, NC 27610
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Duraleigh Woods
Rent Specials
$1,145 - $1,465
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$1,145 - $1,465

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1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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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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Montecito West
$1,159 - $1,704
Total Monthly Price

Total Monthly Price

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$1,159 - $1,704

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1 to 2 Bedroom Apartments Available Now

Montecito West

1313 Hardimont RdRaleigh, NC 27609
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Olde Towne Residences
Rent Specials
$1,165 - $2,088
Total Monthly Price

Total Monthly Price

Base Rent
$1,165 - $2,088

Total Monthly Price
$1,165 - $2,088
Studio to 3 Bedroom Apartments Available Now

Olde Towne Residences

2301 Ostracod LnRaleigh, NC 27610
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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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Level at 401
Rent Specials
$1,184 - $1,755
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$1,184 - $1,755

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Studio to 2 Bedroom Apartments Available Now

Level at 401

5721 Goodstone DrRaleigh, NC 27616
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403 West
Rent Specials
$1,185 - $2,289
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$1,185 - $2,289

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1 to 4 Bedroom Apartments Available Now

403 West

403 Wolf Creek CirRaleigh, NC 27606
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Centerview at Crossroads
Rent Specials
$1,186 - $3,634
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Total Monthly Price

Base Rent
$1,186 - $3,634

Total Monthly Price
$1,186 - $3,634
1 to 3 Bedroom Apartments Available Now

Centerview at Crossroads

1310 Silver Sage DrRaleigh, NC 27606
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Leigh House
$1,187 - $2,167
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$1,187 - $2,167

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Studio to 2 Bedroom Apartments Available Now

Leigh House

2421 Landmark DrRaleigh, NC 27607
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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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Shellbrook
Rent Specials
$1,205 - $1,830
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $1,830

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1 to 2 Bedroom Apartments Available Now

Shellbrook

910 Shellbrook CtRaleigh, NC 27609
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Wakefield Glen
$1,209 - $2,282
Total Monthly Price

Total Monthly Price

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$1,209 - $2,282

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1 to 3 Bedroom Apartments Available Now

Wakefield Glen

2400 Garden Hill DrRaleigh, NC 27614
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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

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 $925.

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 $2,352.

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 3,347 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 $473 which is $1,879 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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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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.