
Cheap Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $500 (264 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 Marlowe Lake Boone

The Mallory

Total Monthly Price
Milo

Total Monthly Price
Cortland Glenwood South

MAA Hue

Total Monthly Price
Leigh House

Total Monthly Price
The Dillon

Total Monthly Price
The Miles

Address East End

Chester Hills

Rhyne's Gate Apartments

District at 54

The Edison Lofts Apartments

Total Monthly Price
The Signal

712 Tucker

4400 Bleeker Ct

Total Monthly Price
1312 Banbury Rd, Unit 1314, Unit 1314

Orchard Pointe

Total Monthly Price
Park and Market

The Arden

Parker Apartments

Total Monthly Price
Allora Pines

Total Monthly Price
Alexan Moto

Total Monthly Price
400H

3906 Lexington Dr

3206 Ruffin St

Garden Spring Apartments

Village of New Hope Apartment Homes

Washington Terrace Apartments

Stony Brook

Smallwood Apartments

900 Newcombe Rd

Penwood Apartments

Colonial Arms Apartments

Tryon Grove

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

Pine Hills Apartments 55+
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 | $1,488 | $913 | $4,127 |
| Downtown Raleigh 1 Bedroom Apartments | $1,663 | $625 | $6,450 |
| Downtown Raleigh 2 Bedroom Apartments | $2,094 | $797 | $7,438 |
| Downtown Raleigh 3 Bedroom Apartments | $2,081 | $625 | $9,930 |
| Downtown Raleigh 4 Bedroom Apartments | $1,183 | $620 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 264 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 $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

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
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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

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.

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.

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.

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.