
Cheap 3 Bedroom Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $625 (41 Rentals)


Grand Arbor Reserve Apartment Homes

663 Sunnybrook Rd

Trails Corner Apartments

Walnut Woods Apartments

Gorman Crossings

Welcome to Donovan Place – Boutique Living in the Heart of Raleigh

The Parke at Trinity Apartment Homes
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.

2117 Ruark Ct

The Greens at Tryon

The Waverly

The Retreat at Lake Johnson Apartments

Walnut Ridge

South Ridge

Marquis on Edwards Mill

MAA Trinity
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.

5605 Thea Ln

Skyhouse Raleigh

Brentwood West

5410-5412 Dorcas St

The Grove

Bacarra

The Pines at Peach Road

Kensington Park
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.

3730 Pardue Woods Pl

Village of New Hope Apartment Homes

Tivoli Gardens Apartments

Glascock Manor Apartments

Washington Terrace Apartments

Dover Apartments

Brickettwood Apartments

Cedar Moor
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.

Anclote Arms

The Village On Hill Street

The Villages of Lake Boone Trail

Gorman Place

Carlton Place Apartments

Gateway Park Apartments

Casa de Luna

Williamsburg Manor
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.

121 Noel Ann Ct
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 | $1,545 | $896 | $3,418 |
| Downtown Raleigh 1 Bedroom Apartments | $1,705 | $625 | $6,417 |
| Downtown Raleigh 2 Bedroom Apartments | $2,184 | $750 | $8,071 |
Downtown Raleigh 3 Bedroom Apartments | $2,150 | $625 | $10,000+ |
| Downtown Raleigh 4 Bedroom Apartments | $1,141 | $780 | $4,000 |
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 $926.
What is the price of a cheap apartment in Downtown Raleigh?
The cheapest apartment in Downtown Raleigh is Maxwell Raleigh which is listed at $899, while the average apartment in Downtown Raleigh costs $1,900.
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 251 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 $613 which is $1,287 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.
Articles, How-To's, and Tips

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.

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.

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.