Cheap Apartments for Rent in the Athens Neighborhood of Raleigh, NC from $600 (23 Rentals)

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

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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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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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included
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Athens, Raleigh, NC Local Guide

Cheapest Available Athens Apartments for Rent

 

The cheapest available apartment rental in the Athens area of Raleigh, NC is a 4 Beds unit found at The Wilde priced from $735. Arbor Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,005. Here are the most affordable Athens apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
Arbor Creek11BR1BR,1BA$1,005
403 WestA11BR,1BA$1,012
Madison Hunters GlenThe Laurel1BR,1BA$1,085
Aurella CaryThe Camillia1BR,1BA$1,185

Best Value Apartments for Rent in Athens, NC

As of May 28, 2025 the best value apartment in the Athens area is the $0.55 price per square foot 5x5 Loft Private Access Model at Paloma Raleigh in the in the Roylene Acres neighborhood starting from $959. The second greatest value Athens apartment is the 1251 University Ct Model at 1251 University Ct, Unit 1 starting at $800 with a $0.67 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Athens apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paloma Raleigh5x5 Loft Private Access5BR,5BA$0.55
1251 University Ct, Unit 11251 University Ct1BR,1BA$0.67
AXIS CrossroadsA2R1BR,1BA$1.43
409 Jones Franklin Rd, Unit A409 Jones Franklin Rd2BR,1BA$1.72
Brook Hill TownhouseSilver Birch2BR,1.5BA$1.69
Centerview at CrossroadsSydney1BR,1BA$1.73
Madison Hunters GlenThe Laurel1BR,1BA$1.39
WesleyA11BR,1BA$1.81
The Arden Apartments1a: Standard One Bedroom1BR,1BA$1.92
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1.83

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Athens, Raleigh, NC

Ranked #112

Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Athens Apartments

What is the price of a cheap apartment in Athens?

The cheapest apartment in Athens is Arbor Creek which is listed at $1,005, while the average apartment in Athens costs $1,800.

What types of apartments are the cheapest in Athens?

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 6 regular apartments in Athens 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 Athens?

Cheap apartments in Athens have an average cost of $500 which is $1,300 cheaper than the average rent for all rentals in Athens.

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.

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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.

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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.