Cheap Apartments for Rent in the Athens Neighborhood of Raleigh, NC from $600 (14 Rentals)

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

property at 16 Red Ln

16 Red Ln

RaleighNC27606

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Penwood Apartments
1 to 3 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 1 Bed unit found at Arbor Creek priced from $925. 403 West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,006. Here are the most affordable Athens apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Arbor Creek11BP1BR,1BA$925
403 WestA11BR,1BA$1,006
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,020
Centerview at CrossroadsAthens1BR,1BA$1,064
Madison Hunters GlenThe Laurel1BR,1BA$1,309

Best Value Apartments for Rent in Athens, NC

As of October 19, 2025 the best value apartment in the Athens area is the $0.67 price per square foot 3 Bedroom 3 Bath Townhome Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $939. The second greatest value Athens apartment is the Montreal Model at Centerview at Crossroads starting at $1,208 with a $1.06 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.
Redpoint Raleigh3 Bedroom 3 Bath Townhome3BR,3BA$0.67
Centerview at CrossroadsMontreal2BR,2BA$1.06
Brook Hill TownhouseSilver Birch2BR,1.5BA$1.61
Bell Jones FranklinA1F1BR,1BA$1.90
Madison Hunters GlenThe Laurel1BR,1BA$1.67
Wildwoods Of Lake Johnson1A1BR,1BA$1.98
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1.46
Arbor Creek11BPD1BR,1BA$1.62
Paloma Raleigh1x11BR,1BA$2.69
403 WestA11BR,1BA$2.07

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Pet Friendly Lifestyle
Athens, Raleigh, NC

Ranked #127

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
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 $925, while the average apartment in Athens costs $1,677.

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 39 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 $451 which is $1,226 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.