Cheap Apartments for Rent in Raleigh, NC from $400 (639 Rentals) Page 6 of 13

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

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The Dakota
$1,387 - $2,121
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $2,121

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Dakota

1201 Pine Haven DrRaleigh, NC 27607
Student Housing
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511 Faye
Rent Specials
$1,388 - $3,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,388 - $3,190

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

511 Faye

511 Fayetteville StRaleigh, NC 27601
Corporate Housing
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Lassiter at North Hills
$1,389 - $5,073
Total Monthly Price

Total Monthly Price

Base Rent
$1,389 - $5,073

Total Monthly Price
$1,389 - $5,073
Studio to 2 Bedroom Apartments Available Now

Lassiter at North Hills

4209 Lassiter Mill RdRaleigh, NC 27609
Corporate Housing
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Arlow at Blue Ridge
Rent Specials
$1,394 - $2,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,394 - $2,025

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Arlow at Blue Ridge

601 McCaw Bridge StRaleigh, NC 27606
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Anderson Flats
Rent Specials
$1,401 - $2,143
Total Monthly Price

Total Monthly Price

Base Rent
$1,401 - $2,143

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
Luxury
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The Signal
Rent Specials
$1,406 - $5,088
Total Monthly Price

Total Monthly Price

Base Rent
$1,406 - $5,088

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Signal

721 Halifax StRaleigh, NC 27604
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The Gramercy
Rent Specials
$1,415 - $2,610
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $2,610

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 5

The Gramercy

650 W North StRaleigh, NC 27603
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Everly on 401
Rent Specials
$1,346 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,346 - $2,200

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Everly on 401

7010 Fox Carriage DrRaleigh, NC 27616
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property at 4713 Matt Dr

$1,425

2 Bedroom Rentals

Available Now

4713 Matt Dr

RaleighNC27604
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Alexan Moto
Rent Specials
$1,430 - $2,544
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $2,544

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Alexan Moto

222 N West StRaleigh, NC 27603
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The Dillon
Rent Specials
$1,439 - $3,554
Total Monthly Price

Total Monthly Price

Base Rent
$1,439 - $3,554

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Dillon

401 W Hargett StRaleigh, NC 27603
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The Miles
Rent Specials
$1,445 - $6,211
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $6,211

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Miles

10 W Franklin StRaleigh, NC 27604
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Allora Pines
Rent Specials
$1,470 - $1,975
Total Monthly Price

Total Monthly Price

Base Rent
$1,470 - $1,975

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Allora Pines

2720 Bristlecone TrailRaleigh, NC 27603
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The Devon Four25
Rent Specials
$1,520 - $4,580
Total Monthly Price

Total Monthly Price

Base Rent
$1,520 - $4,580

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Devon Four25

425 Boylan AveRaleigh, NC 27603
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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

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.

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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.