
Cheap Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $500 (259 Rentals) Page 4 of 6
Search the lowest-cost Apartments available for rent right now in the Downtown Raleigh area of Raleigh.


Total Monthly Price
The Maggie

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Marshall Park Apartments + Townhomes

Rhyne's Gate Apartments

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Cortland Glenwood South

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Allora Pines

712 Tucker

2120 Ruark Ct

4400 Bleeker Ct

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1312 Banbury Rd, Unit 1314

1423 Wake Forest Rd

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400H

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Infinity Six Forks

Orchard Pointe

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The Dillon

Camden Village District

Parker Apartments

The Edison Lofts Apartments

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Wesley

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Mira

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The Marlowe Lake Boone

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616 at the Village

2420 Hill St

2421 Hill St

621 Brooks Ave, Unit 621.5

Green Meadows

Garden Spring Apartments

Village of New Hope Apartment Homes

Washington Terrace Apartments

Stony Brook

The Terrace at Rock Quarry

Smallwood Apartments

900 Newcombe Rd

Penwood Apartments

Colonial Arms Apartments

Cosmo & Lewis Estates

The Villages of Lake Boone Trail

Tivoli Gardens Apartments

Glascock Manor Apartments

1335-1343 Courtland Dr

Autumn Spring Apartments

Walnut Terrace

Oakwood Apartments

Carlton Place Apartments

Shammah Winds

Duplex Village

Sycamore Run

Dover Apartments

Gateway Park Apartments

Milner Commons
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.
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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 $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.