Cheap Apartments for Rent in the Five Points Neighborhood of Raleigh, NC from $700 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points 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.

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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Five Points, Raleigh, NC Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Raleigh, NC is a Studio unit found at Sterling Glenwood Apartments priced from $949. Brentmoor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. Here are the most affordable Five Points apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Sterling Glenwood ApartmentsStudio Classic with BalconyStudio,1BA$949
Brentmoor ApartmentsOberlin1BR,1BA$985
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$989
Wedgwood ApartmentsWedgwood Efficiency1BR,1BA$999
The Harrison ApartmentsStudio C FurnishedStudio,1BA$1,019
Valentine CommonsThe Caswell Platinum3BR,3BA$1,035
Berkshire Village DistrictDuplinStudio,1BA$1,077
Windsor FallsA1B1BR,1BA$1,121
Brookside ApartmentsStudio Newly RenovatedStudio,1BA$1,149
Jones Grant Urban FlatsS1Studio,1BA$1,151

Best Value Apartments for Rent in Five Points, NC

As of October 16, 2025 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 Hillsborough Model at Brentmoor Apartments starting at $1,825 with a $1.47 price per square foot in the Oakwood neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1115 Marshall StEntire Home4BR,3.5BA$0.91
Brentmoor ApartmentsHillsborough3BR,2BA$1.47
MAA HueBlue 22BR,2BA$1.67
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.43
Marq at Crabtree2D2BR,2BA$1.70
Tree TopBeech2BR,1.5BA$1.32
Windsor FallsA1B1BR,1BA$1.41
Oberlin Court ApartmentsA1Studio ,1BA$1.68
Valentine CommonsThe Burke Platinum2BR,2BA$1.73
Brookside ApartmentsStudio Newly RenovatedStudio ,1BA$1.84

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Five Points, Raleigh, NC

Ranked #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Five Points Neighborhood in Raleigh, NC

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Five Points Apartments

What is a cheap apartment in Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,151.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is Brentmoor Apartments which is listed at $985, while the average apartment in Five Points costs $2,200.

What types of apartments are the cheapest in Five Points?

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 64 regular apartments in Five Points that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Five Points?

Cheap apartments in Five Points have an average cost of $626 which is $1,574 cheaper than the average rent for all rentals in Five Points.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

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.

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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.