Cheap Apartments for Rent in Raleigh, NC from $400 (640 Rentals) Page 4 of 13

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

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Midtown Crossing
$1,217 - $1,882
Total Monthly Price

Total Monthly Price

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$1,217 - $1,882

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Midtown Crossing

317 Lynn RdRaleigh, NC 27609
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VERT at Six Forks
Rent Specials
$1,218 - $1,455
Total Monthly Price

Total Monthly Price

Base Rent
$1,218 - $1,455

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

VERT at Six Forks

7816 Six Forks RdRaleigh, NC 27615
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The Falstaff
Rent Specials
$1,219 - $1,780
Total Monthly Price

Total Monthly Price

Base Rent
$1,219 - $1,780

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1 to 2 Bedroom Apartments Available Now

The Falstaff

101 Poe DrRaleigh, NC 27610
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Hunting Ridge
Rent Specials
$1,229 - $1,599
Total Monthly Price

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Base Rent
$1,229 - $1,599

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1 to 3 Bedroom Apartments Available Now

Hunting Ridge

1001-1019 Fox Hunt LnRaleigh, NC 27615
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Concord Apartments
Rent Specials
$1,239 - $1,501
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Base Rent
$1,239 - $1,501

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1 to 3 Bedroom Apartments Available Now

Concord Apartments

3920 Knickerbocker PkyRaleigh, NC 27612
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South Ridge
$1,255 - $1,505
Total Monthly Price

Total Monthly Price

Base Rent
$1,255 - $1,505

Total Monthly Price
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2 to 3 Bedroom Apartments Available Now

South Ridge

1622 Proctor RdRaleigh, NC 27610
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Lofts at North Hills
Rent Specials
$1,256 - $3,026
Total Monthly Price

Total Monthly Price

Base Rent
$1,256 - $3,026

Total Monthly Price
$1,256 - $3,026
1 to 3 Bedroom Apartments Available Now

Lofts at North Hills

214 Lofts LnRaleigh, NC 27609
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Stonehenge
Rent Specials
$1,269 - $5,895
Total Monthly Price

Total Monthly Price

Base Rent
$1,269 - $5,895

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Stonehenge

7303 Hihenge CtRaleigh, NC 27615
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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 $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

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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

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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.

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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.

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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.