1092 Nichols Dr
RaleighNC27605
Cheap Homes for Rent in Five Points East Neighborhood of Raleigh, NC from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points East area of Raleigh.
2230 Bernard St
RaleighNC27608
1064 Nichols Dr
RaleighNC27605
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.
2328 Bernard St
RaleighNC27608
1076 Nichols Dr
RaleighNC27605
700 Bishops Park Dr
RaleighNC27605
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.
929 St Marys St
RaleighNC27605
Showing Results 1-7, Page 1 of 1
Five Points East, Raleigh, NC Local Guide
How much does it cost to rent a home in Five Points East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points East 2 Bedroom Homes for Rent | $1,837 | $1,295 | $2,600 |
| Five Points East 3 Bedroom Homes for Rent | $2,799 | $2,495 | $3,050 |
| Five Points East 4 Bedroom Homes for Rent | $3,350 | $3,200 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Five Points East Neighborhood of Raleigh, NC.
Explore Raleigh
Let everyone know!
Do you know the Five Points East area?
If you’re an expert on all things Five Points East, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Brookside Apartments priced from $1,250. The Mordecai on Clover has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,299. Here are the most affordable Five Points East apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookside Apartments | 1x1 Partial Upgrade | 1BR,1BA | $1,250 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1BA | $1,299 |
| Anderson Hills | The Albemarle - Renovated | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Five Points East, NC
As of January 11, 2026 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 $1,600 with a $1.35 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 | $1.35 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.24 |
| Anderson Hills | The Albemarle - Renovated | 1BR,1BA | $1.76 |
| Brookside Apartments | 1x1 Newly Renovated | 1BR,1BA | $1.71 |
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 $850 to $4,000. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points East ranging from $1,295 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 $1,295 to $3,500 with an average monthly rent of $2,420.
How much are larger Three and Four Bedroom Rentals in Five Points East?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Points East range from $1,420 to $1,420, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,495 to $3,050. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $4,000.
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.
Articles, How-To's, and Tips
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.
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.
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.
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.