Cheap Apartments for Rent in the East Raleigh Neighborhood of Raleigh, NC from $500 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the East Raleigh area of Raleigh.

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.

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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.

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Elders Peak
1 to 2 Bedroom Apartments

Elders Peak

2917 Creech RdRaleigh, NC 27610
Senior Living
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Stony Brook
Studio to 3 Bedroom Apartments

Stony Brook

3001-3015 Lake Woodard DrRaleigh, NC 27604
  • Utilities Included

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.

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Turtle Cove Apartments
1 to 2 Bedroom Apartments

Turtle Cove Apartments

5700-5820 Turtle CvRaleigh, NC 27609
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Autumn Spring Apartments
1 to 2 Bedroom Apartments

Autumn Spring Apartments

3601 Eck DrRaleigh, NC 27604
Senior Living
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Sycamore Run
1 to 3 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610
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Greencastle Townhomes
2 Bedroom Apartments

Greencastle Townhomes

4204 Greencastle CtRaleigh, NC 27604
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Cedar Moor
2 to 3 Bedroom Apartments

Cedar Moor

2410-2559 Melvid CtRaleigh, NC 27610
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Anson at North Hills
1 to 2 Bedroom Apartments

Anson at North Hills

3008 Calvary DrRaleigh, NC 27604
Corporate Housing
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The Piedmont Raleigh
Studio to 2 Bedroom Apartments

The Piedmont Raleigh

7621 Triangle Promenade DrRaleigh, NC 27616
Corporate Housing

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.

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Gresham Hills
2 to 3 Bedroom Apartments

Gresham Hills

7630 Gresham Hills DrRaleigh, NC 27615
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Windsor Falls
1 to 3 Bedroom Apartments

Windsor Falls

1500 Sunbow Falls LnRaleigh, NC 27609
Corporate Housing
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Honeytree Apartments
1 to 2 Bedroom Apartments

Honeytree Apartments

4344 Saint James Church RdRaleigh, NC 27604
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Milner Commons
Studio to 2 Bedroom Apartments

Milner Commons

101 Russ StRaleigh, NC 27610
Senior Living
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Green Meadows
1 to 2 Bedroom Apartments

Green Meadows

4219 Brockton DrRaleigh, NC 27604
  • Utilities Included

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.

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East Raleigh, Raleigh, NC Local Guide

Cheapest Available East Raleigh Apartments for Rent

 

The cheapest available apartment rental in the East Raleigh area of Raleigh, NC is a Studio unit found at The Harrison Apartments priced from $896. The Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable East Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The Harrison ApartmentsFurnished Studio A with Private BalconyStudio,1BA$896
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$899
The WaverlyEdinburgh1BR,1BA$944
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom MKT1BR,1BA$950
Walnut RidgeTwo Bedroom2BR,2BA$995
Anson at North HillsA11BR,1BA$997
Northridge CrossingsThe Coach1BR,1BA$999
Autumn PointeMetropolitan1BR,1BA$999
Wynslow Park*Metropolitan1BR,1BA$999
The Piedmont Raleigh0 Bed 1 Bath - 496 Sq. Ft.Studio,1BA$999

Best Value Apartments for Rent in East Raleigh, NC

As of January 24, 2026 the best value apartment in the East Raleigh area is the $1.31 price per square foot Cannalily Model at Affinity at Wendell in the in the Gaylee Village neighborhood starting from $1,920. The second greatest value East Raleigh apartment is the Three Bedroom Model at Walnut Ridge starting at $1,495 with a $1.28 price per square foot in the East Raleigh neighborhood. Here is today’s list of the best values for East Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Affinity at WendellCannalily3BR,2.5BA$1.31
Walnut RidgeThree Bedroom3BR,2BA$1.28
Magnolia House2 Bed / 2.5 Bath2BR,2.5BA$1.19
Walnut Woods Apartments3 Beds, 1 bath3BR,1BA$1.24
Berkshire ParkThe Idealist2BR,2BA$1.27
The WaverlyWindsor2BR,2BA$1.15
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
Northstone Apartments1BR/1BA1BR,1BA$1.31
Adeline at White OakBeechwood1BR,1BA$1.30
North Oaks LandingThe Crabtree1BR,1BA$1.25

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.

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The 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.

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Cash 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.

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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.

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across North Carolina including East Raleigh, Raleigh, and the greater Raleigh area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Raleigh Apartments

What is a cheap apartment in East Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Raleigh is under $999.

What is the price of a cheap apartment in East Raleigh?

The cheapest apartment in East Raleigh is The Oaks Apartments which is listed at $899, while the average apartment in East Raleigh costs $2,909.

What types of apartments are the cheapest in East 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 243 regular apartments in East 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 East Raleigh?

Cheap apartments in East Raleigh have an average cost of $356 which is $2,553 cheaper than the average rent for all rentals in East 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

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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.

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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.

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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

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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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.