Cheap Homes for Rent in Raleigh, NC from $400 (131 Rentals)

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Search the lowest-cost Homes available for rent right now in Raleigh.

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.

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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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Raleigh, NC Local Guide

Cheapest Neighborhoods for Apartments in Raleigh, NC

Pricing Updated: 02/15/2026

Current apartment rentals in the Raleigh, NC area range in price from $475 to $7,995 with an overall median price of $3,255. The three Raleigh neighborhoods with the lowest median rent pricing are MacGregor at $625, Boylan Heights at $1,695, and Warehouse District at $1,695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
MacGregor$625$6251
Boylan Heights$1,695$1,6951
Warehouse District$1,695$1,6951
Coronado Village$1,750$1,09519
Riverwood$1,750$1,6502
Brentwood$1,750$1,00011
Briarcliff$1,850$1,0958
Bartons Creek Bluffs$1,850$1,8501
Camden Crossing$1,850$57518
Damont Hills$1,895$1,5009

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a Studio unit found at Pullen Station Lofts in the Oakwood neighborhood priced from $815. Stanhope in the Grove Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pullen Station LoftsStudioStudio,1BA$815
Stanhope2x2 Shared2BR,2BA$845
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$850
The TimbersA1 One Bed One Bath1BR,1BA$853
Lynnwood ParkThe Alexander1BR,1BA$863
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875

Best Value Apartments for Rent in Raleigh, NC

As of February 15, 2026 the best value apartment in the Raleigh area is the $0.56 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $815. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.56
Redpoint Raleigh3 Bedroom, 3 BathTownhome3BR,3BA$0.71
1911 Wolftech Ln, Unit 204 C1911 Wolftech Ln1BR,1BA$0.43
Welcome to our luxurious apartment community near NC State University in Raleigh, NC!A24BR,4BA$0.67
3770 Pardue Woods Pl, Unit 3013770 Pardue Woods Pl3BR,3BA$0.48
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.58
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.81
Campus West at Tryon3X33BR,3BA$0.76

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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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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Raleigh, NC
Population: 469,298

Ranked #41

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Raleigh, NC Rentals by Map

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See the most popular apartments and homes in Raleigh, NC

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Raleigh, NC Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Chris • 1+ years in Raleigh

February 27, 2025

It'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 1537 Apartments for Rent in Raleigh, NC with pricing that ranges from $565 to $11,672. There are also 1272 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $475 to $6,500.

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 $475 to $6,500 with an average monthly rent of $2,214.

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 $10,707, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,390 to $4,500. Four Bedroom Single-Family rentals are also available starting from $625 and Four Bedroom Apartments start at $625.

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.

Articles, How-To's, and Tips

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.