Cheap Apartments for Rent in the Athens Neighborhood of Raleigh, NC from $600 (11 Rentals)

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

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Penwood Apartments
1 to 3 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included

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 $885. Madison Hunters Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here are the most affordable Athens apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Arbor Creek11AR1BR,1BA$885
Madison Hunters GlenThe Oak1BR,1BA$964
403 WestA11BR,1BA$1,035
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,095
Centerview at CrossroadsAthens1BR,1BA$1,220

Best Value Apartments for Rent in Athens, NC

As of January 19, 2026 the best value apartment in the Athens area is the $0.70 price per square foot 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $975. The second greatest value Athens apartment is the Silver Birch Model at Brook Hill Townhouse - Students Save Up to 10% starting at $1,350 with a $1.63 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 BathTownhome3BR,3BA$0.70
Brook Hill Townhouse - Students Save Up to 10%Silver Birch2BR,1.5BA$1.63
Arbor Creek21.5AZ2BR,1.5BA$1.61
Bell Jones FranklinA1B1BR,1BA$1.79
Madison Hunters GlenThe Oak1BR,1BA$1.35
Centerview at CrossroadsAthens1BR,1BA$1.74
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1.56
Wildwoods Of Lake Johnson1B1BR,1BA$2.31
Paloma Raleigh1x11BR,1BA$2.71
403 WestA11BR,1BA$2.13

Frequently Asked Questions about Cheap Athens Apartments

How much is rent for a Cheap One Bedroom Athens Apartment?

The lowest price for a Cheap One Bedroom Athens Apartment is $885 at Arbor Creek.

What is the lowest price for a Cheap Two Bedroom Athens Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Athens is starting from $1,035 at Arbor Creek.

What is the most affordable Athens Three Bedroom Apartment?

The best deal on a cheap Athens Three Bedroom Apartment rental is at Centerview at Crossroads and starts from $1,849.

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.

Articles, How-To's, and Tips

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.