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$1,210 - $1,7551 to 2 Bedroom Apartments Available Now
Anderson Hills
231 Calibre Chase DrRaleigh, NC 27609
Cheap Apartments for Rent in the Five Points East Neighborhood of Raleigh, NC from $800 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points East area of Raleigh.
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$1,125 - $1,499Studio to 2 Bedroom Apartments Available Now
Brookside Apartments
1406 Brookside DrRaleigh, NC 27604
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$1,699 - $1,9502 Bedroom Apartments Available Now
The Townes at Bishops Park
519-523 Wade AveRaleigh, NC 27605
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Showing Results 1-16, Page 1 of 1
Five Points East, Raleigh, NC Local Guide
How much does it cost to rent an apartment in Five Points East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points East Studio Apartments | $1,125 | $1,125 | $1,125 |
| Five Points East 1 Bedroom Apartments | $1,385 | $1,050 | $1,755 |
| Five Points East 2 Bedroom Apartments | $1,588 | $1,395 | $1,950 |
| Five Points East 4 Bedroom Apartments | $4,000 | $4,000 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the Five Points East Neighborhood of Raleigh, NC.
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Five Points East, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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Cheapest Available Five Points East Apartments for Rent
The cheapest available apartment rental in the Five Points East area of Raleigh, NC is a 1 Bed unit found at Anderson Hills priced from $1,205. Brookside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Five Points East apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1,205 |
| Brookside Apartments | 1x1 Partial Upgrade | 1BR,1BA | $1,250 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1BA | $1,299 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2BA | $1,699 |
| 1115 Marshall St | Entire Home | 4BR,3BA | $4,000 |
Best Value Apartments for Rent in Five Points East, NC
As of October 24, 2025 the best value apartment in the Five Points East area is the $0.91 price per square foot Entire Home Model at 1115 Marshall St in the in the Blount Street neighborhood starting from $4,000. The second greatest value Five Points East apartment is the 2x2.5 townhm Model at The Townes at Bishops Park starting at $1,699 with a $1.43 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Five Points East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1115 Marshall St | Entire Home | 4BR,3.5BA | $0.91 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.43 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.24 |
| Brookside Apartments | 1x1 Newly Renovated | 1BR,1BA | $1.71 |
| 900 Moses Ct, Unit 901B | 900 Moses Ct | 1BR,1BA | $1.50 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1.94 |
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Pet Friendly LifestyleFive Points East, Raleigh, NC
Ranked #117
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Five Points East Apartments
How much is rent for a Cheap One Bedroom Five Points East Apartment?
The lowest price for a Cheap One Bedroom Five Points East Apartment is $1,205 at Anderson Hills.
What is the lowest price for a Cheap Two Bedroom Five Points East Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points East is starting from $1,299 at The Mordecai on Clover.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.