1410 Collegiate Cir
RaleighNC27606
Cheap Homes for Rent in Downtown Raleigh Neighborhood of Raleigh, NC from $500 (70 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Raleigh area of Raleigh.
1440 Collegiate Cir
RaleighNC27606
Room in Condo on University Ct
1251 University Ct
RaleighNC27606
Room in Duplex on Bragg St
909 Bragg St
RaleighNC27610
2021 Wolf Tech Ln
RaleighNC27603
Room in Condo on Collegiate Cir
1431 Collegiate Cir
RaleighNC27606
3000 Centennial Woods Dr
RaleighNC27603
1341 Crab Orchard Dr, Unit 202, Unit 202
1341 Crab Orchard Dr
RaleighNC27606
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$6204 Bedroom Apartments Available Aug 1
2002 Technology Woods Dr, Unit 2002 Technology woods Dr
2002 Technology Woods DrRaleigh, NC 27603
1911 Wolftech Ln, Unit 104, Unit 104
1911 Wolftech Ln
RaleighNC27603
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1430 Collegeview Ave
RaleighNC27606
1500 Graduate Ln
RaleighNC27606
1221 University Ct, Unit 202A, Unit 202A
1221 University Ct
RaleighNC27606
Room in Condo on Collegiate Cir
1411 Collegiate Cir
RaleighNC27606
Room in House on Henslowe Dr
2824 Henslowe Dr
RaleighNC27603
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$6501 Bedroom Apartments Available Now
Room in Apartment on Crab Orchard Dr
1341 Crab Orchard DrRaleigh, NC 27606
Room in House on Okelly St
2923 Okelly St
RaleighNC27607
Room in Condo on Collegiate Cir
1430 Collegiate Cir
RaleighNC27606
Room in Townhome on Switch St
323 Switch St
RaleighNC27606
Room in Condo on Collegiate Cir
1411 Collegiate Cir
RaleighNC27606
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.
Room in Condo on Crab Orchard Dr
1331 Crab Orchard Dr
RaleighNC27606
16 Red Ln
RaleighNC27606
12 Red Ln
RaleighNC27606
3710 Pardue Woods Pl, Unit 201
3710 Pardue Woods Pl
RaleighNC27603
1911 Wolftech Ln, Unit 302, Unit 302
1911 Wolftech Ln
RaleighNC27603
1911 Wolf Tech Ln, Unit 302
1911 Wolf Tech Ln
RaleighNC27603
1241 University Ct
RaleighNC27606
1511 Graduate Ln, Unit 103, Unit 103
1511 Graduate Ln
RaleighNC27606
Room in Duplex on Pineland Cir
129 Pineland Cir
RaleighNC27606
Room in House on Slippery Elm Dr
3320 Slippery Elm Dr
RaleighNC27610
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.
1120 Carlton Ave, Unit 104A, Unit 104A
1120 Carlton Ave
RaleighNC27606
Room in House on Heck St
218 Heck St
RaleighNC27601
314 Martin Luther King Jr Blvd
RaleighNC27601
314 Martin Luther King Jr Blvd
RaleighNC27601
1241 University Ct
RaleighNC27606
1241 University Ct, Unit 204, Unit 204
1241 University Ct
RaleighNC27606
Room in Condo on Carlton Ave
1120 Carlton Ave
RaleighNC27606
2221 Mountain Mist Ct, Unit 102
2221 Mountain Mist Ct
RaleighNC27603
1007 Tipton St
RaleighNC27610
Room in Townhome on Macedonia Lake Dr
8627 Macedonia Lake Dr
CaryNC27518
Discover Raleigh, North Carolina: A Local's Take on the City of Oaks
Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.
820 Coleman St, Unit 1/2, Unit 1/2
820 Coleman St
RaleighNC27610
820 Coleman St
RaleighNC27610
820 1/2 Coleman St
RaleighNC27610
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$8501 Bedroom Apartments Available Now
1230 University Ct, Unit -002
1230 University CtRaleigh, NC 27606
1007 Tipton St
RaleighNC27610
Room in Townhome on Gregg St
1027 Gregg St
RaleighNC27601
305 Kennedy St
RaleighNC27610
305 Kennedy St
RaleighNC27610
4213 Pin Oak Rd
RaleighNC27604
1101 Kitt Pl
RaleighNC27610
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.
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 | $1,654 | $975 | $3,400 |
| Downtown Raleigh 3 Bedroom Homes for Rent | $2,031 | $1,400 | $5,000 |
| Downtown Raleigh 4 Bedroom Homes for Rent | $2,287 | $595 | $4,950 |
| Downtown Raleigh 5 Bedroom Homes for Rent | $4,322 | $2,395 | $5,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 70 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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Cheapest Available Downtown Raleigh Apartments for Rent
The cheapest available apartment rental in the Downtown Raleigh area of Raleigh, NC is a 1 Bed unit found at 900 Newcombe Rd priced from $710. The Trails of North Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Downtown Raleigh apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 900 Newcombe Rd | 1/1 | 1BR,1BA | $710 |
| The Trails of North Hills | 1 Bedroom 1 Bath - B | 1BR,1BA | $825 |
| Stanhope | 2x2 Shared | 2BR,2BA | $845 |
| Pine Hills Apartments 55+ | One Bedroom Floor Plan | 1BR,1BA | $875 |
| The Grove | A1 - The Mirlen | 1BR,1BA | $896 |
| Maxwell Raleigh | Chelsea- Premium | 3BR,3BA | $899 |
| Milner Commons | Studio - The Willow | Studio,1BA | $900 |
| Green Meadows | One bedroom | 1BR,1BA | $900 |
| Westgrove Tower Condominiums | S1 | Studio,1BA | $915 |
| Aurella Cary | The Camillia | 1BR,1BA | $930 |
Best Value Apartments for Rent in Downtown Raleigh, NC
As of April 12, 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 |
| Tryon Flats Apartments | A2 | 4BR,4BA | $0.67 |
| Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.49 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.59 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.59 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.81 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.76 |
| Campus Edge | 2x2 Platinum | 2BR,2BA | $0.99 |
| Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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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
Wake County School District
Public School - Grades 6-12 (269)
10 out of 10
Moore Square Museum Magnet Mid
Wake County School District
Public School - Grades 6-8 (585)
6 out of 10
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 876 Apartments for Rent in Downtown Raleigh, NC with pricing that ranges from $620 to $8,203. There are also 330 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Raleigh ranging from $550 to $5,750.
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 $550 to $5,750 with an average monthly rent of $2,001.
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 $719 to $8,203, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,000. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $620.
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
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.
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.