Cheap Apartments for Rent in the Capital District Raleigh, NC from $1,000 (31 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
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200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
  • Utilities Included

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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The L Apartments
Studio to 2 Bedroom Apartments

The L Apartments

205 W Davie StRaleigh, NC 27601
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The Line
Studio to 2 Bedroom Apartments

The Line

500 N West StRaleigh, NC 27603
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511 Faye
Studio to 2 Bedroom Apartments

511 Faye

511 Fayetteville StRaleigh, NC 27601
Showing Results 1-31, Page 1 of 1

Capital District, Raleigh, NC Local Guide

Cheapest Available Capital District Apartments for Rent

 

The cheapest available apartment rental in the Capital District area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $1,130. The Acorn on Person Street has the second lowest priced unit, which is a Studio apartment currently listed from $1,235. Here are the most affordable Capital District apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,130
The Acorn on Person StreetLeeStudio,1BA$1,235
The MilesS2AStudio,1BA$1,247
Skyhouse RaleighS4Studio,1BA$1,270
Link Apartments® Glenwood SouthS1Studio,1BA$1,285
The Edison Lofts ApartmentsStudio S1AStudio,1BA$1,320
Alexan MotoS1Studio,1BA$1,334
PlatformCardinalStudio,1BA$1,350
The LincolnThe Hub StudioStudio,1BA$1,395
712 Tucker712d583Studio,1BA$1,490

Best Value Apartments for Rent in Capital District, NC

As of July 09, 2025 the best value apartment in the Capital District area is the $1.90 price per square foot C1 Model at The Apartments at St. Mary's in the in the Blount Street neighborhood starting from $3,422. The second greatest value Capital District apartment is the 2 Bed #310 Model at 618 N Boylan Ave starting at $2,600 with a $1.66 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Capital District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Apartments at St. Mary'sC13BR,2BA$1.90
618 N Boylan Ave2 Bed #3102BR,2.5BA$1.66
Capital Apartments2012BR,1BA$1.43
Elan City CenterC2-32BR,2BA$2.01
The LineSeaboard Express2BR,2BA$2.20
The DillonBlueridge2BR,2BA$2.19
The GramercyThe Soho1BR,1BA$2.20
The MetropolitanBees Knees1BR,1BA$2.22
The Edison Lofts ApartmentsStudio S1AStudio ,1BA$2.28
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$2.26

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Getting Around the Capital District Neighborhood in Raleigh, NC

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

89 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

73 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Capital District Apartments

What is the Cheapest Studio apartment in Capital District?

Currently the most affordable Cheap Studio Apartment in Capital District is at The Acorn on Person Street listed at $1,235.

How much is rent for a Cheap One Bedroom Capital District Apartment?

The lowest price for a Cheap One Bedroom Capital District Apartment is $1,130 at Capital Flats & Magnolia Square Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Capital District is starting from $1,610 at Capital Apartments.

What is the most affordable Capital District Three Bedroom Apartment?

The best deal on a cheap Capital District Three Bedroom Apartment rental is at The Apartments at St. Mary's and starts from $3,422.

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.

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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.