Cheap Apartments for Rent in the Carolina Pines Neighborhood of Raleigh, NC from $500 (33 Rentals)

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

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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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included
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Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
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Dover Apartments
1 to 4 Bedroom Apartments

Dover Apartments

706 Wexford DrRaleigh, NC 27603
  • Utilities Included

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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Gorman Place
2 to 4 Bedroom Apartments

Gorman Place

1810-1826 Gorman StRaleigh, NC 27606
  • Utilities Included
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Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
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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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Lupton Flats
2 Bedroom Apartments

Lupton Flats

3801-3825 Lupton CirRaleigh, NC 27606
Student Housing

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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1512CV
2 Bedroom Apartments

1512CV

1512 Collegeview AveRaleigh, NC 27606

Carolina Pines, Raleigh, NC Local Guide

Cheapest Available Carolina Pines Apartments for Rent

 

The cheapest available apartment rental in the Carolina Pines area of Raleigh, NC is a 1 Bed unit found at Parkwood Village Apartments priced from $1,050. Pine Knoll Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Carolina Pines apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050
Pine Knoll ApartmentsStandard Model1BR,1BA$1,095
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$1,149
Skyhouse RaleighS2Studio,1BA$1,227
The Acorn on Person StreetLeeStudio,1BA$1,235
The RowBirch ArbourStudio,1BA$1,250
Altitude Raleigh ApartmentsS1.1Studio,1BA$1,290
PlatformCardinalStudio,1BA$1,300
Allora SouthviewS1Studio,1BA$1,335
Tryon Village2 Bedroom Townhome2BR,1BA$1,349

Best Value Apartments for Rent in Carolina Pines, NC

As of June 25, 2025 the best value apartment in the Carolina Pines area is the $0.56 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $815. The second greatest value Carolina Pines apartment is the Three Bedroom Townhome Model at Orchard Pointe starting at $1,676 with a $1.28 price per square foot in the University Suites neighborhood. Here is today’s list of the best values for Carolina Pines apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.56
Orchard PointeThree Bedroom Townhome3BR,2BA$1.28
Welcome to our luxurious apartment communityRented by the bedroom including utilities. Clos...4BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Ridge Student Housing3x33BR,3BA$0.67
Kensington ParkK2D2BR,1BA$1.35
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95
Parkwood Village Apartments1 Bedroom1BR,1BA$1.24
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$1.44

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Lifestyle Ratings

Our team compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, areas, and rental properties across North Carolina and customized analysis for Central Raleigh. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, places to raise kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Carolina Pines Apartments

What is a cheap apartment in Carolina Pines?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Carolina Pines is under $1,349.

What is the price of a cheap apartment in Carolina Pines?

The cheapest apartment in Carolina Pines is Parkwood Village Apartments which is listed at $1,050, while the average apartment in Carolina Pines costs $2,345.

What types of apartments are the cheapest in Carolina Pines?

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 8 regular apartments in Carolina Pines 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 Carolina Pines?

Cheap apartments in Carolina Pines have an average cost of $398 which is $1,947 cheaper than the average rent for all rentals in Carolina Pines.

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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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.