
Cheap Homes for Rent in Raleigh, NC from $400 (153 Rentals)
Search the lowest-cost Homes available for rent right now in Raleigh.


Room in Duplex on Bragg St

Room in Townhome on Castle Loch Ln

Room in House on Woods Ream Dr

Room in House on Brintons Cottage St

1410 Collegiate Cir

1241 University Ct, Unit 202, Unit 202

Room in House on Ujamaa Dr

Room in House on Okelly St

2021 Wolf Tech Ln
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.

3000 Centennial Woods Dr

Room in House on Renyard Ct

2011 Wolfmill Dr

Room in House on Pinedale Dr

1220 University Ct, Unit 102, Unit 102

Room in Townhome on Sandwood Loch Dr

2002 Technology Woods Dr

2002 Technology Woods Dr, Unit 2002 Technology woods Dr

2011 Wolfmill Dr, Unit 104, Unit 104

Room in House on Fieldmont Ct
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.

1911 Wolftech Ln, Unit 104, Unit 104

1430 Collegeview Ave

1500 Graduate Ln

Room in House on Kinsley Pl

Room in House on Henslowe Dr

3020 Centennial Woods Dr, Unit 3020 Centennial Woods, Unit 3020 Centennial Woods

Room in House on Justice Union Ct

Room in House on Glacis Ct

Room in House on Buckingham Rd

16 Red Ln
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.

Room in Condo on Carlton Ave

Room in Townhome on Switch St

Room in Condo on Collegiate Cir

Room in Condo on Crab Orchard Dr

Room in Condo on Collegiate Cir

Room in Condo on Crab Orchard Dr

2021 Wolf Tech Ln

Room in House on Edgerton Dr

Room in House on Joyner Pl

207 Coachman Dr
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.

5102 Alercia Ct

Room in Condo on University Ct

5539 Crabtree Park Ct

1140 Carlton Ave, Unit 102

Room in House on Beaverwood Dr

Room in House on Daingerfield Dr

1241 University Ct

Room in Condo on University Ct

Room in Duplex on Pineland Cir

1140 Carlton Ave, Unit 102, Unit 102
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.
Raleigh, NC Local Guide

How much does it cost to rent a home in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh 2 Bedroom Homes for Rent | $1,658 | $895 | $3,300 |
| Raleigh 3 Bedroom Homes for Rent | $2,039 | $1,095 | $8,500 |
| Raleigh 4 Bedroom Homes for Rent | $2,378 | $595 | $7,095 |
| Raleigh 5 Bedroom Homes for Rent | $3,543 | $2,195 | $10,000+ |
Browse Top Homes for Rent in Raleigh
Explore Raleigh
Raleigh, NC Local Guide
- Raleigh Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Raleigh, NC
Pricing Updated: 05/17/2026Current apartment rentals in the Raleigh, NC area range in price from $620 to $12,734 with an overall median price of $2,283. The three Raleigh neighborhoods with the lowest median rent pricing are Belle Aire Acres at $1,270, Bunn Lake Estates at $1,275, and Hempstede at $1,270. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Belle Aire Acres | $1,275 | $1,270 | 3 |
| Bunn Lake Estates | $1,275 | $1,275 | 1 |
| Hempstede | $1,275 | $1,270 | 3 |
| Judd Saint Estates | $1,275 | $1,270 | 3 |
| Stephenson | $1,295 | $1,095 | 2 |
| Grove Park | $1,399 | $799 | 48 |
| Camden Crossing | $1,530 | $620 | 21 |
| Tupper | $1,547 | $989 | 12 |
| Carlton Heights | $1,575 | $625 | 73 |
| College View | $1,575 | $625 | 116 |
Cheapest Available Raleigh Apartments for Rent
 The cheapest available apartment rental in Raleigh, NC is a 1 Bed unit found at The Terrace at Rock Quarry in the East Raleigh neighborhood priced from $664. Olde School Commons in the Sandlin Branch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $709. Here is today’s list of the most affordable Raleigh apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Terrace at Rock Quarry | One bedroom 30% | 1BR,1BA | $664 |
| Olde School Commons | OSC 1/1 | 1BR,1BA | $709 |
| 900 Newcombe Rd | 1/1 | 1BR,1BA | $710 |
| The Grove | A1 - The Mirlen | 1BR,1BA | $817 |
| Stanhope | 2x2 Shared | 2BR,2BA | $845 |
| Bridges at North Hills | Studio | Studio,1BA | $877 |
| Tree Top | Cedar | Studio,1BA | $913 |
| Westgrove Tower Condominiums | S1 | Studio,1BA | $915 |
| Lexington on the Green | A2 | 1BR,1BA | $919 |
| Aria North Hills | The Heron | 1BR,1BA | $925 |
Best Value Apartments for Rent in Raleigh, NC
As of May 18, 2026 the best value apartment in the Raleigh area is the $0.48 price per square foot 4x4.5 Model at Redfield Villages in the in the Grove Park neighborhood starting from $899. The second greatest value Raleigh apartment is the 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh starting at $995 with a $0.71 price per square foot in the Roylene Acres neighborhood. Here is today’s list of the best values for Raleigh apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redfield Villages | 4x4.5 | 4BR,4.5BA | $0.48 |
| Redpoint Raleigh | 3 Bedroom, 3 BathTownhome | 3BR,3BA | $0.71 |
| Yugo Raleigh Logan | 4 Bed, 4 Bath Courtyard | 4BR,4BA | $0.88 |
| Method Townhomes | 3BD / 3.5BA Townhome | 3BR,3.5BA | $0.54 |
| Tryon Flats – Modern Student Living Near NC State | A2 | 4BR,4BA | $0.67 |
| Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.49 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.59 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.59 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.81 |
| Olde School Commons | OSC 1/1 | 1BR,1BA | $0.89 |
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.
Read ArticleTop 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Raleigh, NCPopulation: 469,298
Ranked #41
in US Census Population by City
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Raleigh, NC Rentals by Map
See the most popular apartments and homes in Raleigh, NC
Raleigh, NC Area Reviews
Chris • 1+ years in Raleigh
February 27, 2025It's an ideal spot for college students, young families, and business professionals. If you can tolerate some traffic jams periodically, then Raleigh's a terrific area in North Carolina.
Frequently Asked Questions about Raleigh
What type of rentals are currently available in Raleigh?
There are currently 1578 Apartments for Rent in Raleigh, NC with pricing that ranges from $620 to $12,734. There are also 1080 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $470 to $12,000.
What is the current price range for Rental Homes in Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Raleigh ranges from $470 to $12,000 with an average monthly rent of $2,002.
How much are larger Three and Four Bedroom Rentals in Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Raleigh range from $625 to $9,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $8,500. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $620.
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

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.

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.

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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.