Cheap Apartments for Rent in Raleigh, NC from $400 (639 Rentals) Page 2 of 13

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

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Montecito West
$1,033 - $1,704
Total Monthly Price

Total Monthly Price

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$1,033 - $1,704
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1 to 2 Bedroom Apartments Available Now

Montecito West

1313 Hardimont RdRaleigh, NC 27609
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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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Sommerset Place
Rent Specials
$1,068 - $1,593
Total Monthly Price

Total Monthly Price

Base Rent
$1,068 - $1,593
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1 to 2 Bedroom Apartments Available Now

Sommerset Place

6717 Six Forks RdRaleigh, NC 27615
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Sailboat Bay
$1,071 - $1,359
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Total Monthly Price

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$1,071 - $1,359
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1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
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Brentmoor Apartments
Rent Specials
$1,072 - $1,672
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Base Rent
$1,072 - $1,672
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1 to 3 Bedroom Apartments Available Now

Brentmoor Apartments

2080-2080 Brentmoor DrRaleigh, NC 27604
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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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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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Montecito
Rent Specials
$1,101 - $1,381
Total Monthly Price

Total Monthly Price

Base Rent
$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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$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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403 West
Rent Specials
$1,114 - $2,467
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$1,114 - $2,467
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1 to 4 Bedroom Apartments Available Now

403 West

403 Wolf Creek CirRaleigh, NC 27606
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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.

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Windsor Falls
Rent Specials
$1,130 - $1,726
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$1,130 - $1,726
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1 to 3 Bedroom Apartments Available Now

Windsor Falls

1500 Sunbow Falls LnRaleigh, NC 27609
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North Oaks Landing
Rent Specials
$1,132 - $2,970
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$1,132 - $2,970
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1 to 3 Bedroom Apartments Available Now

North Oaks Landing

2038 Quail Forest DrRaleigh, NC 27609
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Columns at Wakefield
Rent Specials
$1,137 - $1,896
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,896
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Columns at Wakefield

14114 Chriswick House LnRaleigh, NC 27614
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Raleigh, NC Area Reviews

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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 $947.

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 $2,271.

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 2,269 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 $513 which is $1,758 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.