
Cheap Homes for Rent in Five Points Neighborhood of Raleigh, NC from $1,200 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Raleigh.


2230 Bernard St
Five Points, Raleigh, NC Local Guide

How much does it cost to rent a home in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points 2 Bedroom Homes for Rent | $1,638 | $1,200 | $2,300 |
| Five Points 3 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Raleigh, NC.
Explore Raleigh
Five Points, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Best Value Apartments for Rent in Five Points, NC
As of October 26, 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 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 |
| Oberlin Court Apartments | C2 | 1BR,1BA | $1.55 |
| Windsor Falls | A1B | 1BR,1BA | $1.40 |
| Brentmoor Apartments | Glenwood | 1BR,1BA | $1.46 |
| Brookside Apartments | 1x1 Newly Renovated | 1BR,1BA | $1.71 |
| Marq at Crabtree | 1B | 1BR,1BA | $1.82 |
| Jones Grant Urban Flats | S1 | Studio ,1BA | $1.84 |
| Valentine Commons | The Burke Platinum | 2BR,2BA | $1.73 |
| Tree Top | Cedar | Studio ,1BA | $1.66 |
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.
Pet Friendly LifestyleFive Points, Raleigh, NC
Ranked #14
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Five Points
What type of rentals are currently available in Five Points?
There are currently 80 Apartments for Rent in Five Points, NC with pricing that ranges from $853 to $8,071. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,200 to $3,100.
What is the current price range for Rental Homes in Five Points?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $1,200 to $3,100 with an average monthly rent of $2,369.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.