Cheap Apartments for Rent in Raleigh, NC from $400 (573 Rentals) Page 2 of 12

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

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403 West
Rent Specials
$1,016 - $2,233
Total Monthly Price

Total Monthly Price

Base Rent
$982 - $2,199
Required Monthly Fees
Varies
Total Monthly Price
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1 to 4 Bedroom Apartments Available Now

403 West

403 Wolf Creek CirRaleigh, NC 27606
Work From Home
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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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Concord Apartments
$1,052 - $1,712
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,685
Required Monthly Fees
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Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Concord Apartments

3920 Knickerbocker PkyRaleigh, NC 27612
Corporate Housing
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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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Duraleigh Woods
Rent Specials
$1,083 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,051 - $1,717
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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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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Bridgeport
$1,128 - $1,648
Total Monthly Price

Total Monthly Price

Base Rent
$1,096 - $1,616
Required Monthly Fees
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Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
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Showing Results 51-100, Page 2 of 12

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 $926.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is Overlooke at Simms Creek Apartments which is listed at $850, while the average apartment in Raleigh costs $2,375.

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 5,243 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 $512 which is $1,863 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

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.