
Cheap 2 Bedroom Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $845 (125 Rentals)


Walnut Ridge

The Grove

Total Monthly Price
Arbor Creek

Z- 3116 Hillsborough

Grand Arbor Reserve Apartment Homes

5137-5141 Lundy Dr

2719 Avent Ferry Rd

Exceptional Value in a Prime Location — Tour Today

Walnut Woods Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Walnut Creek Apartments

Trails Corner Apartments

Brentwood West

Total Monthly Price
Pines of Ashton

Trailwood Crossing Apartments

The Trails of North Hills

1520 Collegeview Ave

Westgrove Tower Condominiums

3326 Ruffin St

704 McMakin St
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.

Wedgwood Apartments

Total Monthly Price
South Ridge

The Retreat at Lake Johnson Apartments

4416 Brockton Dr

Hunters Run Apartment Homes

3114 Woodpecker Ct

Sterling Glenwood Apartments

Tree Top

Madison Hunters Glen

The Parke at Trinity Apartment Homes
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.

MAA Trinity

Total Monthly Price
Oak City Apartments

4804 Edwards Mill Rd

Gorman Crossings

Kensington Park

Parkwood Village Apartments

1505 Mary Frances Pl

1504 Mary Frances Pl

1228 Gorman St

Warm up to great deals!!
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.

2411 Hill St

Forest Edge Townhomes

1917 Tischer Rd

The Waverly

Spanish Trace Apartments

The District

Brentmoor Apartments

Total Monthly Price
Brook Hill Townhouse - Students Save Up to 10%

Montecito

Total Monthly Price
Bacarra
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.
Downtown Raleigh, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Downtown Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Raleigh Studio Apartments | $1,560 | $899 | $2,655 |
| Downtown Raleigh 1 Bedroom Apartments | $1,674 | $710 | $6,417 |
Downtown Raleigh 2 Bedroom Apartments | $2,143 | $845 | $8,071 |
| Downtown Raleigh 3 Bedroom Apartments | $2,131 | $719 | $7,924 |
| Downtown Raleigh 4 Bedroom Apartments | $1,262 | $595 | $8,644 |
Explore Raleigh
Downtown Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleTop Neighborhoods Near Raleigh Colleges and Universities
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Raleigh, Raleigh, NC
Ranked #1
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Raleigh, Raleigh, NC
Wake Young Men's Leadership Academy
Moore Square Museum Magnet Mid
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Raleigh Apartments
What is a cheap apartment in Downtown Raleigh?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Raleigh is under $961.
What is the price of a cheap apartment in Downtown Raleigh?
The cheapest apartment in Downtown Raleigh is Stanhope which is listed at $845, while the average apartment in Downtown Raleigh costs $1,899.
What types of apartments are the cheapest in Downtown Raleigh?
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 220 regular apartments in Downtown Raleigh 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 Downtown Raleigh?
Cheap apartments in Downtown Raleigh have an average cost of $622 which is $1,277 cheaper than the average rent for all rentals in Downtown Raleigh.
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

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.

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.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.

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.