
Homes for Rent in Downtown Raleigh Neighborhood of Raleigh, NC Under $1,000 (60 Rentals)


1518 Ashburton Rd

1241 University Ct, Unit 204

1140 Carlton Ave, Unit 102

1511 Graduate Ln, Unit 103

1120 Carlton Ave, Unit 104A

5102 Alercia Ct

1411 Collegiate Cir

3512 Ivy Commons Dr

2011 Wolfmill Dr, Unit 104
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.

1911 Wolftech Ln, Unit 104

1411 Collegiate Cir, Unit 102

Room in Apartment on University Ct

1230 University Ct, Unit -002

1230 University Ct, Unit -002

1230 University Ct, Unit -002

Room in House on Sunnybrook Rd

Room in House on S Person St

Room in Condo on University Ct

Room in House on Tall Rock Ct
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.

649 Sunnybrook Rd

Room in Townhome on Kasota Ln

2021 Wolf Tech Ln

2021 Wolf Tech Ln

2021 Wolf Tech Ln

Room in Townhome on Barrymore St

Room in Townhome on Warm Springs Ln

2002 Technology Woods Dr

2011 Wolfmill Dr

2221 Mountain Mist Ct, Unit 102
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.

1230 University Ct

3512 Ivy Commons Dr

3512 Ivy Commons Dr, Unit 1391

Room in Condo on University Ct

1431 Collegiate Cir, Unit 304

Room in Condo on Wolfmill Dr

Room in Condo on Crab Orchard Dr

Room in Condo on Trailwood Heights Ln

1430 Collegeview Ave

1241 University Ct
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.

Room in House on Henslowe Dr

1140 Carlton Ave, Unit 102

1241 University Ct

Room in Townhome on Switch St

Room in Condo on Carlton Ave

Room in Condo on University Ct

Room in Condo on Crab Orchard Dr

Room in House on Okelly St

Room in Duplex on Pineland Cir

3000 Centennial Woods Dr
Downtown Raleigh - One of the Best Affordable Neighborhoods in Raleigh
Named as one of the Best Affordable Neighborhoods to rent in Raleigh by our , Local Expert Chris Munier. See how it ranks!
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 | $1,558 | $650 | $3,400 |
| Downtown Raleigh 3 Bedroom Homes for Rent | $2,104 | $850 | $5,000 |
| Downtown Raleigh 4 Bedroom Homes for Rent | $2,167 | $595 | $5,000 |
| Downtown Raleigh 5 Bedroom Homes for Rent | $4,131 | $2,095 | $6,595 |
| Downtown Raleigh 6 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the Downtown Raleigh Neighborhood of Raleigh, NC.
Explore Raleigh
Downtown Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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Top 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 889 Apartments for Rent in Downtown Raleigh, NC with pricing that ranges from $599 to $9,903. There are also 338 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Raleigh ranging from $500 to $6,595.
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 $500 to $6,595 with an average monthly rent of $2,271.
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 $9,903, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $5,000. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $599.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.