Search the lowest-cost Apartments available for rent right now in the Five Points area of Raleigh.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $1,364 | $896 | $3,805 |
| Five Points 1 Bedroom Apartments | $1,749 | $903 | $6,417 |
| Five Points 2 Bedroom Apartments | $2,207 | $899 | $8,071 |
| Five Points 3 Bedroom Apartments | $2,454 | $899 | $5,999 |
| Five Points 4 Bedroom Apartments | $1,132 | $950 | $4,000 |
There are currently 47 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Raleigh, NC.
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Write a ReviewThe cheapest available apartment rental in the Five Points area of Raleigh, NC is a Studio unit found at The Harrison Apartments priced from $896. Maxwell Raleigh has the second lowest priced unit, which is a 3 Beds apartment currently listed from $899. Here are the most affordable Five Points apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Harrison Apartments | Studio A with Private Balcony | Studio,1BA | $896 |
| Maxwell Raleigh | Chelsea- Premium | 3BR,3BA | $899 |
| Sterling Glenwood Apartments | Studio Classic with Balcony | Studio,1BA | $949 |
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $999 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,000 |
| St. Albans Lofts | Arbor | Studio,1BA | $1,082 |
| The Apartments at St. Mary's | S3 | Studio,1BA | $1,105 |
| Broadstone Oak City | S1 | Studio,1BA | $1,173 |
| The Shelton at Cameron Court | 1 Bedroom 1 Bath Basement | 1BR,1BA | $1,185 |
| Link Apartments® Glenwood South | S1 | Studio,1BA | $1,191 |
As of January 29, 2026 the best value apartment in the Five Points 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 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 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 |
| Clairmont at Crabtree | B1M | 2BR,2BA | $1.62 |
| Brentmoor Apartments | Fayetteville | 2BR,2BA | $1.49 |
| Infinity Six Forks | Winston | 1BR,1BA | $1.73 |
| Tree Top | Birch | 2BR,1BA | $1.64 |
| Brookside Apartments | 1x1 Newly Renovated | 1BR,1BA | $1.61 |
| Valentine Commons | The Haywood Platinum | 2BR,2BA | $1.90 |
| The Shelton at Cameron Court | 1 Bedroom 1 Bath Basement | 1BR,1BA | $1.82 |
| Broadstone Oak City | S1 | Studio ,1BA | $1.83 |
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,191.
The cheapest apartment in Five Points is The Harrison Apartments which is listed at $963, while the average apartment in Five Points costs $2,225.
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 88 regular apartments in Five Points that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Five Points have an average cost of $671 which is $1,554 cheaper than the average rent for all rentals in Five Points.
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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