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$1,250 - $2,0801 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 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points East area of Raleigh.
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$1,149 - $1,599Studio to 2 Bedroom Apartments Available Now
Brookside Apartments
1406 Brookside DrRaleigh, NC 27604
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$1,850 - $1,9752 Bedroom Apartments Available Now
The Townes at Bishops Park
519-523 Wade AveRaleigh, NC 27605
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1 to 2 Bedroom Apartments
1335-1343 Courtland Dr
1335-1343 Courtland DrRaleigh, NC 27604
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2 Bedroom Apartments
1500 Carson St
1500 Carson StRaleigh, NC 27608
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.
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1 to 2 Bedroom Apartments
1300 Saint Marys St
1300 Saint Marys StRaleigh, NC 27605
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2 to 3 Bedroom Apartments
1422 Scales St
1422 Scales StRaleigh, NC 27608
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1 to 2 Bedroom Apartments
Parkside at Five Points
2609 McNeill StRaleigh, NC 27608
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2 Bedroom Apartments
1000 Mills Street Apartments
1000-1006 Mills StRaleigh, NC 27608
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1 to 2 Bedroom Apartments
The Mordecai on Clover
420 Clover LnRaleigh, NC 27604
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 2 Bedroom Apartments
Parkview Manor
911 N Blount StRaleigh, NC 27604
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1 to 2 Bedroom Apartments
Hayes Barton Square
2016-2114 Carroll DrRaleigh, NC 27608
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2 Bedroom Apartments
Doral Apartments
2200-2210 Doral LnRaleigh, NC 27608
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2 to 3 Bedroom Apartments
Capitol Park
181 Oak Chase LnRaleigh, NC 27604
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1 Bedroom Apartments
George's Mews
615-625 Washington StRaleigh, NC 27605
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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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 | $1,149 | $1,149 | $1,149 |
| Five Points East 1 Bedroom Apartments | $1,324 | $895 | $1,590 |
| Five Points East 2 Bedroom Apartments | $1,832 | $1,400 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Five Points East Neighborhood of Raleigh, NC.
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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 $1,250. Brookside Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. 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 | $1,250 |
| Brookside Apartments | 1x1 Loft Classic | 1BR,1BA | $1,300 |
| Five Point Cottages | 2 Beds, 1 Baths | 2BR,1BA | $1,400 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1BA | $1,495 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2BA | $1,850 |
Best Value Apartments for Rent in Five Points East, NC
As of July 23, 2026 the best value apartment in the Five Points East area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value Five Points East apartment is the 2 BR 1.5 BA TOWNHOME Model at The Mordecai on Clover starting at $1,495 with a $1.42 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. |
|---|---|---|---|
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.56 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.42 |
| Brookside Apartments | 1x1 Loft Classic | 1BR,1BA | $1.38 |
| Five Point Cottages | 2 Beds, 1 Baths | 2BR,1BA | $2.00 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $2.01 |
Frequently Asked Questions about Cheap Five Points East Apartments
What is the price of a cheap apartment in Five Points East?
The cheapest apartment in Five Points East is Anderson Hills which is listed at $1,250, while the average apartment in Five Points East costs $1,895.
What types of apartments are the cheapest in Five Points East?
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 10 regular apartments in Five Points East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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