Cheap Homes for Rent in Five Points East Neighborhood of Raleigh, NC from $1,200 (6 Rentals)

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

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.

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.

Five Points East, Raleigh, NC Local Guide

Cheapest Available Five Points East Apartments for Rent

 

The cheapest available apartment rental in the Five Points East area of Raleigh, NC is a Studio unit found at Brookside Apartments priced from $1,149. Anderson Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,165. Here are the most affordable Five Points East apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Brookside ApartmentsStudio Newly RenovatedStudio,1BA$1,149
Anderson HillsThe Gresham - Renovated1BR,1BA$1,165
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1BA$1,299

Best Value Apartments for Rent in Five Points East, NC

As of October 12, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1115 Marshall StEntire Home4BR,3.5BA$0.91
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.43
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.24
900 Moses Ct, Unit 901B900 Moses Ct1BR,1BA$1.50
Brookside ApartmentsStudio Newly RenovatedStudio ,1BA$1.84
Anderson HillsThe Gresham - Renovated1BR,1BA$1.88

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Five Points East, Raleigh, NC

Ranked #117

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Five Points East

What type of rentals are currently available in Five Points East?

There are currently 46 Apartments for Rent in Five Points East, NC with pricing that ranges from $1,050 to $4,000. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points East ranging from $1,250 to $3,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points East ranges from $1,250 to $3,500 with an average monthly rent of $2,250.

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.

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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.