
Cheap Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $500 (259 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in the Downtown Raleigh area of Raleigh.


The Retreat at Lake Johnson Apartments

Kensington Park

704 McMakin St

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Brookside Apartments

Walnut Creek Apartments

The Kenton Apartments

Trails Corner Apartments

The Apartments at St. Mary's

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The Row
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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Sunnybrook Residences

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Marquis on Edwards Mill

Cameron Court

The Pines at Peach Road

1520 Collegeview Ave

3326 Ruffin St

6104 Deerwood Pl

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The Falstaff

The L Apartments

1321 Park Glen Dr
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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South Ridge

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The Summit at Avent Ferry

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Brentmoor Apartments

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Bell Jones Franklin

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Broadstone Oak City

The Enclave at Crossroads

Edwards Mill

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The Metropolitan

4416 Brockton Dr

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Creekside at Crabtree
Downtown Raleigh - One of the Best Affordable Neighborhoods in Raleigh
Named as one of the Best Affordable Neighborhoods to rent in Raleigh by our , Local Expert Chris Munier. See how it ranks!

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The Greens at Tryon

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The Point

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927 West Morgan

Hunters Run Apartment Homes

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Platform

South Valley Apartments

912 S Bloodworth St

801 Devereux St

Forge at Raleigh Iron Works

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Ray at The Weld
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

MAA Wade Park

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St. Albans Lofts

Remington Place

5013 Lundy Dr

Historic Boylan Apartments

Highlands at Olde Raleigh

Lexington Farms Apartments

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Allora Southview

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The Franklin at Crossroads

Gorman Crossings
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 | $1,511 | $790 | $4,127 |
| Downtown Raleigh 1 Bedroom Apartments | $1,659 | $720 | $6,450 |
| Downtown Raleigh 2 Bedroom Apartments | $2,107 | $845 | $8,104 |
| Downtown Raleigh 3 Bedroom Apartments | $2,081 | $719 | $7,538 |
| Downtown Raleigh 4 Bedroom Apartments | $1,176 | $595 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 259 rentals with your search options within a 2 mile radius of the Downtown Raleigh Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
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 $945.
What is the price of a cheap apartment in Downtown Raleigh?
The cheapest apartment in Downtown Raleigh is Green Meadows which is listed at $580, 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 224 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 $634 which is $1,265 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.

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.
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.