Cheap Homes for Rent in the Greater East Raleigh Neighborhood of Raleigh, NC from $500 (25 Rentals)

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

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

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Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Greater East Raleigh, Raleigh, NC Local Guide

Cheapest Available Greater East Raleigh Apartments for Rent

 

The cheapest available apartment rental in the Greater East Raleigh area of Raleigh, NC is a 1 Bed unit found at Overlooke at Simms Creek Apartments priced from $925. Anson at North Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $942. Here are the most affordable Greater East Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$925
Anson at North HillsA11BR,1BA$942
Lexington on the GreenA31BR,1BA$966
Oak City ApartmentsOne Bedroom1BR,1BA$995
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$996

Best Value Apartments for Rent in Greater East Raleigh, NC

As of July 30, 2026 the best value apartment in the Greater East Raleigh area is the $1.25 price per square foot SUNLIGHT Model at Summerwell Harmony in the in the Gaylee Village neighborhood starting from $2,503. The second greatest value Greater East Raleigh apartment is the Bailey 2 Model at Walton Farms starting at $2,000 with a $1.32 price per square foot in the Churchill neighborhood. Here is today’s list of the best values for Greater East Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Summerwell HarmonySUNLIGHT4BR,2.5BA$1.25
Walton FarmsBailey 23BR,2.5BA$1.32
Regency Park Apartment HomesB22BR,2BA$1.17
Magnolia House2 Bed / 2 Bath2BR,2BA$1.28
North Hills at Town CenterB1R2BR,2BA$1.33
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
Berkshire ParkThe Simplicity1BR,1BA$1.33
The Domain ApartmentsPhase 2 - 1 x 1 Upgrade-Call For Availability1BR,1BA$1.33
Northstone Apartments1BR/1BA1BR,1BA$1.31
Lexington on the GreenA31BR,1BA$1.30

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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.

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Best Local Schools in
Greater East Raleigh, Raleigh, NC

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Frequently Asked Questions about Greater East Raleigh

What type of rentals are currently available in Greater East Raleigh?

There are currently 456 Apartments for Rent in Greater East Raleigh, NC with pricing that ranges from $530 to $7,719. There are also 497 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater East Raleigh ranging from $570 to $3,995.

What is the current price range for Rental Homes in Greater East Raleigh?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater East Raleigh ranges from $570 to $3,995 with an average monthly rent of $1,717.

How much are larger Three and Four Bedroom Rentals in Greater East Raleigh?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greater East Raleigh range from $1,164 to $7,719, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $2,049.

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.

Helpful Local Expert Guides

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Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

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Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.