
Homes for Rent in Downtown Raleigh Neighborhood of Raleigh, NC Under $1,500 (89 Rentals)


4622 Punjab St

528 Wade Ave, Unit A

1504 Crest Rd

703 Daniels St, Unit Cameron Village Condo

3009 Huntleigh Dr, Unit 3009

1140 Carlton Ave, Unit 102

1511 Graduate Ln, Unit 103

1911 Wolftech Ln, Unit 104

2011 Wolfmill Dr, Unit 104
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.

3020 Centennial Woods Dr, Unit 103

1411 Collegiate Cir, Unit 102

1230 University Ct

912 S Bloodworth St

Room in House on Golden Oak Ct

2002 Technology Woods Dr

2011 Wolfmill Dr

1430 Collegeview Ave

3000 Centennial Woods Dr

Room in Condo on Crab Orchard Dr
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.

1212 Schaub Dr

1140 Carlton Ave

2010 Quaker Landing

314 Martin Luther King Jr Blvd

Room in Condo on Collegiate Cir

3000 Centennial Woods Dr

Room in Townhome on Warm Springs Ln

4705 Blue Bird Ct

Room in House on Heck St

314 Martin Luther King Jr Blvd
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 Duplex on Lundy Dr

Room in Condo on University Ct

Room in House on Okelly St

Room in Condo on Collegiate Cir

Room in House on Henslowe Dr

Room in Duplex on Bragg St

Room in House on Slippery Elm Dr

2624 Sanderford Rd

1064 Nichols Dr

720 Powell Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1300 Kent Rd

4102 Arckelton Dr

3001 Trailwood Pines Ln

839 Dalewood Dr

3913 Browning Pl

3239 Mill Run

4100 Pittsford Rd

4608 Brockton Dr

717 Friar Tuck Rd

2510 Avent Ferry Rd
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 | $1,668 | $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 89 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
- Nearby Cities
- ZIP codes
- Local Counties
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.