Cheap Homes for Rent in Five Points Neighborhood of Raleigh, NC from $1,200 (2 Rentals)

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Search the lowest-cost Homes available for rent right now in the Five Points area of Raleigh.

Five Points, Raleigh, NC Local Guide

Best Value Apartments for Rent in Five Points, NC

As of August 11, 2025 the best value apartment in the Five Points area is the $1.73 price per square foot Blue 4 Model at MAA Hue in the in the Blount Street neighborhood starting from $2,308. The second greatest value Five Points apartment is the 2x2.5 townhm Model at The Townes at Bishops Park starting at $1,950 with a $1.64 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 ListingModel NameBed/BathPrice Per Sq.Ft.
MAA HueBlue 42BR,2BA$1.73
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.64
Marq at Crabtree1E1BR,1BA$1.73
Windsor FallsA1B1BR,1BA$1.44
The Apartments at St. Mary'sA91BR,1BA$1.89
Parker ApartmentsThe Nash1BR,1BA$1.93
Broadstone Oak CityA21BR,1BA$1.78
Brentmoor ApartmentsOberlin1BR,1BA$1.71
Tree TopOak1BR,1BA$1.56
Anderson HillsThe Gresham - Renovated1BR,1BA$1.87

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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 $949 to $9,292. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,250 to $3,000.

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 $1,250 to $3,000 with an average monthly rent of $1,912.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.