Cheap Homes for Rent in the College Park Neighborhood of Raleigh, NC from $590 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

property at 505 Freeman St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

505 Freeman St

RaleighNC27601

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

Cheapest Available College Park Apartments for Rent

 

The cheapest available apartment rental in the College Park area of Raleigh, NC is a Studio unit found at Greenway Flats Apartments priced from $995. The Waverly has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,064. Here are the most affordable College Park apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Greenway Flats ApartmentsStudioStudio,1BA$995
The WaverlyEdinburgh1BR,1BA$1,064
22002BR/1.5BA2BR,1BA$1,095
Longview Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,097
Brookside ApartmentsStudio PartialStudio,1BA$1,099

Best Value Apartments for Rent in College Park, NC

As of August 29, 2026 the best value apartment in the College Park area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value College Park apartment is the The Overlook Model at Donovan Place Apartments starting at $1,447 with a $1.32 price per square foot in the East Raleigh 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.
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
Donovan Place ApartmentsThe Overlook3BR,2BA$1.32
22002BR/1.5BA2BR,1.5BA$1.00
501 Cutler St, Unit 2501 Cutler St1BR,1BA$1.36
The WaverlyPembroke2BR,2BA$1.41
Crabtree Creek Place2BR/2.0BA2BR,2BA$1.25
3100 Woodpecker Ct2 Beds, 2 Baths2BR,2BA$1.44
STATE1022BR/1.5BA2BR,1.5BA$1.65
Brentmoor ApartmentsGlenwood1BR,1BA$1.67
South Ridge2 Bed 1 Bath2BR,1BA$1.66

Frequently Asked Questions about College Park

What type of rentals are currently available in College Park?

There are currently 289 Apartments for Rent in College Park, NC with pricing that ranges from $995 to $7,538. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in College Park ranging from $590 to $3,800.

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 $590 to $3,800 with an average monthly rent of $2,026.

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 $1,299 to $7,538, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,650.

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.

Helpful Local Expert Guides

decorative image for Discover Raleigh, North Carolina: A Locals Take on the City of Oaks article

Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

decorative image for Discover Terrific Apartment Opportunities Near Raleighs Largest Employers article

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.