Cheap Homes for Rent in College Park Neighborhood of Raleigh, NC from $500 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the College Park area of Raleigh.

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property at 429 Rose Ln

$950

2 Bedroom, 1 Bath Home for Rent

Available Now

429 Rose Ln

RaleighNC27610

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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.

Cheapest Available College Park Apartments for Rent

 

The cheapest available apartment rental in the College Park area of Raleigh, NC is a 1 Bed unit found at Pine Hills Apartments 55+ priced from $875. Capital Flats & Magnolia Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. Here are the most affordable College Park apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$989
The WaverlyEdinburgh1BR,1BA$989

Best Value Apartments for Rent in College Park, NC

As of December 29, 2025 the best value apartment in the College Park area is the $0.91 price per square foot Entire Home Model at 1115 Marshall St in the in the Blount Street neighborhood starting from $4,000. The second greatest value College Park apartment is the 2 Bed #310 Model at 618 N Boylan Ave starting at $2,035 with a $1.30 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for College Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1115 Marshall StEntire Home4BR,3.5BA$0.91
618 N Boylan Ave2 Bed #3102BR,2.5BA$1.30
Capital Apartments2012BR,1BA$1.32
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.35
Walnut RidgeThree Bedroom3BR,2BA$1.28
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.38
The WaverlyWindsor2BR,2BA$1.14
Trails Corner ApartmentsTC 2x12BR,1BA$1.15
Milner Commons2 Bedroom - The Evergreen2BR,1BA$1.22
Brentmoor ApartmentsOberlin1BR,1BA$1.50

Frequently Asked Questions about College Park

What type of rentals are currently available in College Park?

There are currently 287 Apartments for Rent in College Park, NC with pricing that ranges from $750 to $8,981. There are also 140 Single Family Homes for rent, Condos, and Townhome rentals currently available in College Park ranging from $550 to $4,500.

What is the current price range for Rental Homes in College Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in College Park ranges from $550 to $4,500 with an average monthly rent of $2,642.

How much are larger Three and Four Bedroom Rentals in College Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in College Park range from $1,250 to $8,981, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $4,245. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,780.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.