
Cheap Homes for Rent in Downtown Raleigh Neighborhood of Raleigh, NC from $400 (73 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Raleigh area of Raleigh.


1411 Collegiate Cir, Unit 102

Room in Townhome on Warm Springs Ln

1440 Collegiate Cir

Room in Condo on University Ct

2021 Wolf Tech Ln

3020 Centennial Woods Dr, Unit 103

2011 Wolfmill Dr

3000 Centennial Woods Dr

2002 Technology Woods Dr
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.

1410 Collegiate Cir

Room in House on Slippery Elm Dr

3000 Centennial Woods Dr

Room in Condo on Collegiate Cir

1911 Wolftech Ln, Unit 104

2011 Wolfmill Dr, Unit 104

1430 Collegeview Ave

Room in House on Henslowe Dr

Room in House on Golden Oak Ct

Room in House on Okelly St
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.

Room in Condo on Crab Orchard Dr

Room in Condo on Collegiate Cir

1140 Carlton Ave

Room in Duplex on Lundy Dr

1140 Carlton Ave, Unit 102

1511 Graduate Ln, Unit 103

314 Martin Luther King Jr Blvd

314 Martin Luther King Jr Blvd

Room in House on Heck St

Room in Townhome on Macedonia Lake Dr
Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers
Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

1230 University Ct

708 Coleman St

3502 Ivy Commons Dr

3502 Ivy Commons Dr

708 Coleman St

3506 Ivy Commons Dr

3506 Ivy Commons Dr

815 Clay St

3009 Huntleigh Dr, Unit 3009

703 Daniels St, Unit Cameron Village Condo
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.

1320 Park Glen Dr

4216 Greencastle Ct

1106 Garner Rd, Unit D

3535 Ivy Commons Dr

3535 Ivy Commons Dr

2010 Quaker Landing

2020-104 Quaker Lndg

4520 N New Hope Rd

1504 Crest Rd

3071 Huntleigh Dr
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.
Downtown Raleigh, Raleigh, NC Local Guide

How much does it cost to rent a home in Downtown Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Raleigh 2 Bedroom Homes for Rent | $1,668 | $1,095 | $2,995 |
| Downtown Raleigh 3 Bedroom Homes for Rent | $2,035 | $1,350 | $4,800 |
| Downtown Raleigh 4 Bedroom Homes for Rent | $2,644 | $595 | $5,395 |
| Downtown Raleigh 5 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 73 rentals with your search options within a 2 mile radius of the Downtown Raleigh Neighborhood of Raleigh, NC.
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Downtown Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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- Local Counties
Cheapest Available Downtown Raleigh Apartments for Rent
 The cheapest available apartment rental in the Downtown Raleigh area of Raleigh, NC is a 2 Beds unit found at Stanhope priced from $845. Pine Hills Apartments 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Downtown Raleigh apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stanhope | 2x2 Shared | 2BR,2BA | $845 |
| Pine Hills Apartments 55+ | One Bedroom Floor Plan | 1BR,1BA | $875 |
| Maxwell Raleigh | Chelsea- Premium | 3BR,3BA | $899 |
| The Grove | A1 - The Mirlen | 1BR,1BA | $913 |
| Westgrove Tower Condominiums | S1 | Studio,1BA | $915 |
| The Parke at Trinity Apartment Homes | A1 | 1BR,1BA | $941 |
Best Value Apartments for Rent in Downtown Raleigh, NC
As of February 25, 2026 the best value apartment in the Downtown Raleigh area is the $0.56 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $815. The second greatest value Downtown Raleigh apartment is the 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh starting at $995 with a $0.71 price per square foot in the Roylene Acres neighborhood. Here is today’s list of the best values for Downtown Raleigh apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village at 2505 | 4x4 | 4BR,4BA | $0.56 |
| Redpoint Raleigh | 3 Bedroom, 3 BathTownhome | 3BR,3BA | $0.71 |
| 1911 Wolftech Ln | 1911 Wolftech Ln | 1BR,1BA | $0.43 |
| Welcome to our luxurious apartment community near NC State University in Raleigh, NC! | A2 | 4BR,4BA | $0.67 |
| 3770 Pardue Woods Pl, Unit 301 | 3770 Pardue Woods Pl | 3BR,3BA | $0.48 |
| Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.57 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.59 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.59 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.82 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.76 |
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 Downtown Raleigh
What type of rentals are currently available in Downtown Raleigh?
There are currently 856 Apartments for Rent in Downtown Raleigh, NC with pricing that ranges from $600 to $8,375. There are also 345 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Raleigh ranging from $475 to $5,395.
What is the current price range for Rental Homes in Downtown Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Raleigh ranges from $475 to $5,395 with an average monthly rent of $2,590.
How much are larger Three and Four Bedroom Rentals in Downtown Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Raleigh range from $625 to $8,375, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $4,800. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $625.
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.
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.