Cheap Homes for Rent in East Raleigh Neighborhood of Raleigh, NC from $500 (16 Rentals)

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

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.

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.

property at 305 Kennedy St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

305 Kennedy St

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.

Cheapest Available East Raleigh Apartments for Rent

 

The cheapest available apartment rental in the East Raleigh area of Raleigh, NC is a 1 Bed unit found at Laurel Crossing Apartments priced from $636. The Terrace at Rock Quarry has the second lowest priced unit, which is a 1 Bed apartment currently listed from $664. Here are the most affordable East Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Laurel Crossing Apartments1 Bed 1 Bath1BR,1BA$636
The Terrace at Rock QuarryOne bedroom 30%1BR,1BA$664
Milner CommonsStudio - The WillowStudio,1BA$900
Lexington on the GreenA11BR,1BA$917
Central on the Green Apartment HomesA21BR,1BA$945

Best Value Apartments for Rent in East Raleigh, NC

As of April 20, 2026 the best value apartment in the East Raleigh area is the $1.32 price per square foot Bailey 2 Model at Walton Farms in the in the Churchill neighborhood starting from $2,000. The second greatest value East Raleigh apartment is the The Pullman Model at Northridge Crossings starting at $1,420 with a $1.22 price per square foot in the Northridge Trace 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.
Walton FarmsBailey 23BR,2.5BA$1.32
Northridge CrossingsThe Pullman2BR,2BA$1.22
Overlooke at Simms Creek ApartmentsThree Bedroom Two Bathroom MKT3BR,2BA$1.13
Magnolia House2 Bed / 2 Bath2BR,2BA$1.23
North Hills at Town CenterB1R2BR,2BA$1.31
Walnut Woods Apartments3 Beds, 1 bath3BR,1BA$1.24
Cedar Springs ApartmentsThe Bradford2BR,2BA$1.23
The Oaks Apartments1 Bedoom 1.5 Bathoom1BR,1.5BA$1.19
Loch Raven Pointe Apartments and TownhomesBliss1BR,1BA$1.32
Northstone Apartments1BR/1BA1BR,1BA$1.31

Frequently Asked Questions about East Raleigh

What type of rentals are currently available in East Raleigh?

There are currently 453 Apartments for Rent in East Raleigh, NC with pricing that ranges from $636 to $5,101. There are also 471 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Raleigh ranging from $570 to $3,350.

What is the current price range for Rental Homes in East Raleigh?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Raleigh ranges from $570 to $3,350 with an average monthly rent of $1,828.

How much are larger Three and Four Bedroom Rentals in East Raleigh?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Raleigh range from $1,164 to $5,101, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,370 to $3,350. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $2,195.

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.

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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

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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.

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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.