
Apartments for Rent in the Five Points Neighborhood of Raleigh, NC Under $1,500 (13 Rentals)


Capital Flats & Magnolia Square Apartments

Forge at Raleigh Iron Works

Anderson 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.

Brookside Apartments

528 Wade Ave, Unit A

2226 Bernard St
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 | $1,628 | $1,325 | $2,125 |
Five Points 1 Bedroom Apartments | $1,916 | $1,130 | $3,009 |
Five Points 2 Bedroom Apartments | $2,681 | $1,420 | $4,227 |
Five Points 3 Bedroom Apartments | $2,893 | $2,170 | $7,515 |
Browse Apartments in this Neighborhood
There are currently 13 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
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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.
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 Five Points
How much are Studio apartments in Five Points?
There are currently 9 Studio Apartments in Five Points with rent ranges from $1,325 to $2,125 with an average price of $1,628.
What is the current price range for One Bedroom Five Points Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Five Points ranges from $1,130 to $3,009 with an average monthly rent of $1,916.
What does renting a Two Bedroom Apartment in Five Points cost?
The monthly rent prices of Two Bedroom Apartments currently available in Five Points range from $1,420 to $4,227. Today's average rental price for Two Bedrooms here is $2,681.
How expensive are Five Points Three Bedroom Apartments?
There are currently 8 Three Bedroom Apartments listings available in Five Points on ApartmentHomeLiving.com. The pricing ranges from $2,170 to $7,515 - averaging $2,893 for the location.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.