
Cheap Homes for Rent in Five Points East Neighborhood of Raleigh, NC from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points East area of Raleigh.


307 Georgetown Road

2230 Bernard St
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.

1092 Nichols Dr

707 W Roanoke Park Dr

1221 Westview Ln
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

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 | $1,730 | $1,325 | $2,300 |
Five Points East 3 Bedroom Homes for Rent | $3,150 | $2,800 | $3,500 |
Five Points East 4 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookside Apartments | Studio Newly Renovated | Studio,1BA | $1,149 |
Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1,165 |
The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,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 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 |
900 Moses Ct, Unit 901B | 900 Moses Ct | 1BR,1BA | $1.50 |
Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $1.84 |
Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1.88 |
Quick Rent Budget Calculator
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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 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.

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.

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.

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.