
Cheap Studio Apartments for Rent in the Five Points Neighborhood of Raleigh, NC from $896 (28 Rentals)


Sterling Glenwood Apartments

Skyhouse Raleigh

The Signal

Marq at Crabtree

The Apartments at St. Mary's

Jones Grant Urban Flats
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.

Park and Market

Link Apartments® Glenwood South

Tree Top

The Metropolitan

St. Albans Lofts

Broadstone Oak City

Platform
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.

Forge at Raleigh Iron Works

Berkshire Village District

The Lincoln

The Dillon

The Miles

Lassiter at North Hills
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.

Cortland Glenwood South

Oberlin Court Apartments

511 Faye

Highland North Hills

Camden Village District
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,365 | $896 | $3,418 |
| Five Points 1 Bedroom Apartments | $1,735 | $873 | $6,417 |
| Five Points 2 Bedroom Apartments | $2,245 | $1,175 | $8,071 |
| Five Points 3 Bedroom Apartments | $2,481 | $1,035 | $5,999 |
| Five Points 4 Bedroom Apartments | $1,140 | $950 | $4,000 |
Explore Raleigh
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 $1,190.
What is the price of a cheap apartment in Five Points?
The cheapest apartment in Five Points is The Harrison Apartments which is listed at $896, while the average apartment in Five Points costs $2,225.
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 87 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 $627 which is $1,598 cheaper than the average rent for all rentals in Five Points.
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.


