Cheap Homes for Rent in Greater East Raleigh Neighborhood of Raleigh, NC from $500 (26 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 4554 N New Hope Rd

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Townhome for Rent

Available Now

4554 N New Hope Rd

RaleighNC27604

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.

property at 2905 Faversham Pl

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 2 Bath Townhome for Rent

Available Now

2905 Faversham Pl

RaleighNC27604

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 2 Beds unit found at The Terrace at Rock Quarry priced from $797. Lexington on the Green has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Greater East Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The Terrace at Rock QuarryTwo bedroom 30%2BR,2BA$797
Lexington on the GreenA21BR,1BA$910
Anson at North HillsA11BR,1BA$942
Central on the Green Apartment HomesA21BR,1BA$963
Spring ForestA1: 1 Bed 1 Bath1BR,1BA$993
Regency Park Apartment HomesA11BR,1BA$998
Wynslow Park*Metropolitan1BR,1BA$999
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$999
The Domain ApartmentsPhase 2 - 1 x 1 - Call For Availability1BR,1BA$1,000
Oak City ApartmentsStudio1BR,1BA$1,015

Best Value Apartments for Rent in Greater East Raleigh, NC

As of June 15, 2026 the best value apartment in the Greater East Raleigh area is the $1.09 price per square foot 2032 Cartier Ruby Ln Model at 2032 Cartier Ruby Ln, Unit Raleigh house in the in the East Raleigh neighborhood starting from $2,400. The second greatest value Greater East Raleigh apartment is the SUNSOAK Model at Summerwell Harmony starting at $2,586 with a $1.20 price per square foot in the Gaylee Village 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.
2032 Cartier Ruby Ln, Unit Raleigh house2032 Cartier Ruby Ln5BR,3BA$1.09
Summerwell HarmonySUNSOAK4BR,2.5BA$1.20
Affinity at WendellClover3BR,2.5BA$1.36
Walton FarmsBailey 23BR,2.5BA$1.32
River Knoll3 Beds, 1.5 Baths3BR,1.5BA$1.30
Magnolia House2 Bed / 2 Bath2BR,2BA$1.28
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.27
Northridge CrossingsThe Coach1BR,1BA$1.26
The Domain ApartmentsPhase 2 - 1 x 1 Upgrade-Call For Availability1BR,1BA$1.33
Northstone Apartments1BR/1BA1BR,1BA$1.31

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

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.

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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 448 Apartments for Rent in Greater East Raleigh, NC with pricing that ranges from $664 to $6,791. There are also 515 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater East Raleigh ranging from $570 to $3,645.

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 $3,645 with an average monthly rent of $1,838.

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 $6,791, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $2,528.

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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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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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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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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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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.