Cheap Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $500 (264 Rentals) Page 3 of 6

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Search the lowest-cost Apartments available for rent right now in the Downtown Raleigh area of Raleigh.

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The Devon Four25
Rent Specials
$1,281 - $4,838
Total Monthly Price

Total Monthly Price

Base Rent
$1,281 - $4,838

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Devon Four25

425 Boylan AveRaleigh, NC 27603
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The Gramercy
Rent Specials
$1,295 - $2,290
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $2,290

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Gramercy

650 W North StRaleigh, NC 27603
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Broadstone Oak City
Rent Specials
$1,302 - $2,060
Total Monthly Price

Total Monthly Price

Base Rent
$1,302 - $2,060

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Broadstone Oak City

2911 Mid Century DrRaleigh, NC 27604
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Centerview at Crossroads
Rent Specials
$1,319 - $4,012
Total Monthly Price

Total Monthly Price

Base Rent
$1,319 - $4,012

Total Monthly Price
$1,319 - $4,012
1 to 3 Bedroom Apartments Available Now

Centerview at Crossroads

1310 Silver Sage DrRaleigh, NC 27606
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Allora Southview
Rent Specials
$1,335 - $2,085
Total Monthly Price

Total Monthly Price

Base Rent
$1,335 - $2,085

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Allora Southview

211 Hammond DrRaleigh, NC 27603
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The Point
$1,339 - $3,246
Total Monthly Price

Total Monthly Price

Base Rent
$1,339 - $3,246

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Point

605 Halifax StRaleigh, NC 27604
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Elan City Center
Rent Specials
$1,358 - $3,436
Total Monthly Price

Total Monthly Price

Base Rent
$1,358 - $3,436

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Elan City Center

510 N Wilmington StRaleigh, NC 27604
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Anderson Flats
Rent Specials
$1,371 - $2,088
Total Monthly Price

Total Monthly Price

Base Rent
$1,371 - $2,088

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
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Mira
Rent Specials
$1,375 - $3,136
Total Monthly Price

Total Monthly Price

Base Rent
$1,375 - $3,136

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Mira

121 Kindley StRaleigh, NC 27601
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Arlow at Blue Ridge
Rent Specials
$1,376 - $2,081
Total Monthly Price

Total Monthly Price

Base Rent
$1,376 - $2,081

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Arlow at Blue Ridge

601 McCaw Bridge StRaleigh, NC 27606
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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 $967.

What is the price of a cheap apartment in Downtown Raleigh?

The cheapest apartment in Downtown Raleigh is The Terrace at Rock Quarry which is listed at $664, 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 144 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 $495 which is $1,404 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

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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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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.

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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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.