Cheap Apartments for Rent in the Lake Johnson Neighborhood of Raleigh, NC from $600 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Johnson area of Raleigh.

property at 1518 Ashburton Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1518 Ashburton Rd

RaleighNC27606

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.

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403 West
Rent Specials
$1,175 - $2,401
Total Monthly Price

Total Monthly Price

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$1,175 - $2,401
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1 to 4 Bedroom Apartments Available Now

403 West

403 Wolf Creek CirRaleigh, NC 27606
Work From Home
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  • 3D Tour

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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Centerview at Crossroads
Rent Specials
$1,313 - $3,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,313 - $3,270
Total Monthly Price
$1,313 - $3,270
1 to 3 Bedroom Apartments Available Now

Centerview at Crossroads

1310 Silver Sage DrRaleigh, NC 27606
Affordability
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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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Milo
Rent Specials
$1,405 - $2,670
Total Monthly Price

Total Monthly Price

Base Rent
$1,405 - $2,670
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Varies
1 to 3 Bedroom Apartments Available Now

Milo

821 Hanbury WyRaleigh, NC 27607
Luxury
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Allora Pines
Rent Specials
$1,410 - $1,875
Total Monthly Price

Total Monthly Price

Base Rent
$1,410 - $1,875
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Allora Pines

2720 Bristlecone TrailRaleigh, NC 27603
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Arlow at Blue Ridge
Rent Specials
$1,433 - $2,180
Total Monthly Price

Total Monthly Price

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$1,433 - $2,180
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Arlow at Blue Ridge

601 McCaw Bridge StRaleigh, NC 27606
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property at 5508 Kaplan Dr

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 30

5508 Kaplan Dr, Unit B

5508 Kaplan Dr
RaleighNC27606

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Penwood Apartments
1 to 3 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included
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Wayne Ridge Townhomes
2 Bedroom Apartments

Wayne Ridge Townhomes

1600-1638 Hammock PlRaleigh, NC 27606
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Tryon Place
$1,253 - $2,044
Total Monthly Price

Total Monthly Price

Base Rent
$1,253 - $2,044
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Varies
Studio to 2 Bedroom Apartments Available Now

Tryon Place

4101 Skye LnCary, NC 27518
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Park at Crossroads
Rent Specials
$1,255 - $2,331
Total Monthly Price

Total Monthly Price

Base Rent
$1,255 - $2,331
Total Monthly Price
$1,255 - $2,331
1 to 3 Bedroom Apartments Available Now

Park at Crossroads

6000 Scarlet Sky LnCary, NC 27518
Corporate Housing
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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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Lake Johnson, Raleigh, NC Local Guide

Cheapest Available Lake Johnson Apartments for Rent

 

The cheapest available apartment rental in the Lake Johnson area of Raleigh, NC is a 2 Beds unit found at Stanhope priced from $845. Westgrove Tower Condominiums has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here are the most affordable Lake Johnson apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Stanhope2x2 Shared2BR,2BA$845
Westgrove Tower CondominiumsS1Studio,1BA$915
MAA Trinity11A1BR,1BA$963
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,007
Aurella CaryThe Camillia1BR,1BA$1,015
The Kenton Apartments1BR/1.0BA1BR,1BA$1,025
Oxford SquareAcacia Standard - Call For Availability1BR,1BA$1,075
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$1,120
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,155
BacarraTranquility1BR,1BA$1,169

Best Value Apartments for Rent in Lake Johnson, NC

As of May 28, 2026 the best value apartment in the Lake Johnson area is the $0.71 price per square foot 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $995. The second greatest value Lake Johnson apartment is the 3x3 Model at Stanhope starting at $1,295 with a $0.99 price per square foot in the Grove Park neighborhood. Here is today’s list of the best values for Lake Johnson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redpoint Raleigh3 Bedroom, 3 BathTownhome3BR,3BA$0.71
Stanhope3x33BR,3BA$0.99
Centennial Ridge Student Housing3x33BR,3BA$0.59
Kensington ParkK2C2BR,1.5BA$1.25
WesleyB12BR,2BA$1.48
MAA Trinity22A2BR,2BA$1.34
Campus Edge2x2 Platinum2BR,2BA$0.99
Remington PlaceFairfield I1BR,1BA$1.46
South Valley ApartmentsThe Terrace2BR,1BA$1.47
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$1.40

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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Pet Friendly Lifestyle
Lake Johnson, Raleigh, NC

Ranked #30

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake Johnson, Raleigh, NC

School data provided by Great Schools

Frequently Asked Questions about Cheap Lake Johnson Apartments

What is a cheap apartment in Lake Johnson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Johnson is under $1,169.

What is the price of a cheap apartment in Lake Johnson?

The cheapest apartment in Lake Johnson is MAA Trinity which is listed at $963, while the average apartment in Lake Johnson costs $1,756.

What types of apartments are the cheapest in Lake Johnson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 74 regular apartments in Lake Johnson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Johnson?

Cheap apartments in Lake Johnson have an average cost of $606 which is $1,150 cheaper than the average rent for all rentals in Lake Johnson.

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.

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