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The Harrison
2717 Capital BlvdRaleigh, NC 27604
Cheap Apartments for Rent in the Five Points Neighborhood of Raleigh, NC from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Raleigh.
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from $1,2151 to 2 Bedroom Apartments Available Now
Anderson Hills
231 Calibre Chase DrRaleigh, NC 27609
528 Wade Ave, Unit A
528 Wade Ave
RaleighNC27605
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from $1,324Studio to 2 Bedroom Apartments Available Now
Mira
121 Kindley StRaleigh, NC 27601
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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from $1,325Studio to 2 Bedroom Apartments Available Now
Brookside Apartments
1406 Brookside DrRaleigh, NC 27604
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from $1,427Studio to 2 Bedroom Apartments Available Now
Forge at Raleigh Iron Works
2221 Iron Works DrRaleigh, NC 27604
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from $1,4691 to 3 Bedroom Apartments Available Now
Parker Apartments
151 Parker Pl DrRaleigh, NC 27603
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from $1,509Studio to 2 Bedroom Apartments Available Now
Camden Village District
1906 Clark AveRaleigh, NC 27605
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from $1,586Studio to 3 Bedroom Apartments Available Now
Solis Hills
1331 Chester AveRaleigh, NC 27608
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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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Five Points, Raleigh, NC Local Guide
How much does it cost to rent an apartment in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $1,577 | $1,324 | $2,125 |
| Five Points 1 Bedroom Apartments | $1,921 | $1,130 | $3,019 |
| Five Points 2 Bedroom Apartments | $2,686 | $1,570 | $4,227 |
| Five Points 3 Bedroom Apartments | $2,827 | $2,170 | $7,515 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Raleigh, NC.
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Five Points, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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Cheapest Available Five Points Apartments for Rent
The cheapest available apartment rental in the Five Points area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $1,130. Anderson Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here are the most affordable Five Points apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,130 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1,215 |
| Mira | S1 | Studio,1BA | $1,324 |
| Brookside Apartments | Studio Newly Renovated | Studio,1BA | $1,325 |
| Forge at Raleigh Iron Works | S1 - Studio | Studio,1BA | $1,433 |
Best Value Apartments for Rent in Five Points, NC
As of June 16, 2025 the best value apartment in the Five Points area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value Five Points apartment is the A3 Model at Meridian at North Hills starting at $2,120 with a $2.62 price per square foot in the Lakemont 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. |
|---|---|---|---|
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.56 |
| Meridian at North Hills | A3 | 1BR,1BA | $2.62 |
| Parker Apartments | The Moore | 1BR,1BA | $1.89 |
| Mira | A1 | 1BR,1BA | $2.70 |
| Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $2.12 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1.96 |
| Camden Village District | S4 | Studio ,1BA | $2.70 |
| Solis Hills | S1 | Studio ,1BA | $2.94 |
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $2.26 |
| Forge at Raleigh Iron Works | S1 - Studio | Studio ,1BA | $3.26 |
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Pet Friendly LifestyleFive Points, Raleigh, NC
Ranked #111
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 the Cheapest Studio apartment in Five Points?
Currently the most affordable Cheap Studio Apartment in Five Points is at Mira listed at $1,324.
How much is rent for a Cheap One Bedroom Five Points Apartment?
The lowest price for a Cheap One Bedroom Five Points Apartment is $1,130 at Capital Flats & Magnolia Square Apartments.
What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $1,570 at Anderson Hills.
What is the most affordable Five Points Three Bedroom Apartment?
The best deal on a cheap Five Points Three Bedroom Apartment rental is at Parker Apartments and starts from $2,200.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.