Cheap Apartments for Rent in Raleigh, NC from $400 (587 Rentals) Page 7 of 12

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

property at 300 Horne St

300 Horne St

RaleighNC27607
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Elders Peak
1 to 2 Bedroom Apartments

Elders Peak

2917 Creech RdRaleigh, NC 27610
Senior Living
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Stony Brook
Studio Apartments

Stony Brook

3001-3015 Lake Woodard DrRaleigh, NC 27604
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Smallwood Apartments
1 Bedroom Apartments

Smallwood Apartments

2008-2020 Smallwood DrRaleigh, NC 27605
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Cedar Point Apartments
1 to 3 Bedroom Apartments

Cedar Point Apartments

7101 Sandy Forks RdRaleigh, NC 27615
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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
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Cosmo & Lewis Estates
Studio to 1 Bedroom Apartments

Cosmo & Lewis Estates

1117-1129 Hadley RdRaleigh, NC 27610
Senior Living
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Turtle Cove Apartments
1 to 2 Bedroom Apartments

Turtle Cove Apartments

5700-5820 Turtle CvRaleigh, NC 27609
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Walnut Woods Apartments
2 to 3 Bedroom Apartments

Walnut Woods Apartments

3417 Middle Branch RdRaleigh, NC 27610
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
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Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
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Duplex Village
2 Bedroom Apartments

Duplex Village

1900-2006 Hawkins StRaleigh, NC 27610
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Dover Apartments
1 to 4 Bedroom Apartments

Dover Apartments

706 Wexford DrRaleigh, NC 27603
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
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The Falls
Studio to 2 Bedroom Apartments

The Falls

4518-4660 Tournament DrRaleigh, NC 27612
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Madison Glen
1 to 3 Bedroom Apartments

Madison Glen

6800-6841 Madison Ridge WayRaleigh, NC 27613
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Honeytree Apartments
1 to 2 Bedroom Apartments

Honeytree Apartments

4344 Saint James Church RdRaleigh, NC 27604
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Greencastle Townhomes
2 Bedroom Apartments

Greencastle Townhomes

4204 Greencastle CtRaleigh, NC 27604
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Gorman Place
2 to 4 Bedroom Apartments

Gorman Place

1810-1826 Gorman StRaleigh, NC 27606
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Anclote Arms
2 to 3 Bedroom Apartments

Anclote Arms

3613-3625 Anclote PlRaleigh, NC 27607
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Sycamore Run
2 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610
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Millbrook
1 to 2 Bedroom Apartments

Millbrook

2121 Paces Forest CtRaleigh, NC 27612
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Brickettwood Apartments
2 to 3 Bedroom Apartments

Brickettwood Apartments

2105-2131 North Hills DrRaleigh, NC 27612
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Gresham Hills
2 to 3 Bedroom Apartments

Gresham Hills

7630 Gresham Hills DrRaleigh, NC 27615

Getting Around Raleigh, NC

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

Raleigh, NC Area Reviews

  • Parks
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $936.

What is the price of a cheap apartment in Raleigh?

The cheapest apartment in Raleigh is Tree Top which is listed at $924, while the average apartment in Raleigh costs $2,396.

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 2,935 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 $599 which is $1,797 cheaper than the average rent for all rentals in Raleigh.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.