Cheap Homes for Rent in Raleigh, NC from $500 (176 Rentals)

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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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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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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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Raleigh, NC Local Guide

Cheapest Neighborhoods for Apartments in Raleigh, NC

Pricing Updated: 09/14/2025

Current apartment rentals in the Raleigh, NC area range in price from $625 to $19,255 with an overall median price of $2,457. The three Raleigh neighborhoods with the lowest median rent pricing are Stephenson at $850, Belle Aire Acres at $1,275, and Bunn Lake Estates at $1,275. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Stephenson$1,250$8506
Belle Aire Acres$1,275$1,2752
Bunn Lake Estates$1,275$1,2752
Hempstede$1,275$1,2752
Judd Saint Estates$1,275$1,2752
University Suites$1,663$625175
Trailside Commons$1,675$625196
Camden Crossing$1,695$62560
Parkland Hidden Creek$1,738$625236
Hedingham$1,740$849207

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a 2 Beds unit found at Laurel Crossing Apartments in the East Raleigh neighborhood priced from $764. The Oaks Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$764
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$849
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
The Parke at Trinity Apartment HomesA11BR,1BA$890
1105 Flats at North HillsA11BR,1BA$899
Vivo Living North WoodsStudio AStudio,1BA$899
Westgrove Tower CondominiumsS1Studio,1BA$915

Best Value Apartments for Rent in Raleigh, NC

As of September 15, 2025 the best value apartment in the Raleigh area is the $0.89 price per square foot Two Bedroom Apartment Homes Model at Ashley Park Apartments in the in the Brier Creek Country Club neighborhood starting from $1,303. The second greatest value Raleigh apartment is the 4x4 Model at University Village at 2505 starting at $815 with a $0.56 price per square foot in the University Suites 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.
Ashley Park ApartmentsTwo Bedroom Apartment Homes2BR,2BA$0.89
University Village at 25054x44BR,4BA$0.56
Welcome to our luxurious apartment communityBedroom for rent, private bath, including utili...4BR,4BA$0.58
Campus Edge3x3 Platinum3BR,3BA$0.71
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.54
Centennial Ridge Student Housing3x33BR,3BA$0.54
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$0.66
1820 at Centennial3x33BR,3BA$0.82
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89

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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Raleigh, NC
Population: 469,298

Ranked #41

in US Census Population by City

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Pet Friendly Lifestyle
Raleigh, NC

Ranked #2

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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
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  • Restaurants
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  • Traffic
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  • 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 1538 Apartments for Rent in Raleigh, NC with pricing that ranges from $450 to $19,255. There are also 1347 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $525 to $20,000.

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 $525 to $20,000 with an average monthly rent of $2,287.

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 $649 to $19,255, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $4,500. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $775.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.