Cheap Apartments for Rent in the Lakemont Neighborhood of Raleigh, NC from $700 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakemont area of 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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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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Cedar Point Apartments
1 to 3 Bedroom Apartments

Cedar Point Apartments

7101 Sandy Forks RdRaleigh, NC 27615
  • Utilities Included
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Turtle Cove Apartments
1 to 2 Bedroom Apartments

Turtle Cove Apartments

5700-5820 Turtle CvRaleigh, NC 27609
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Lynn Lake
1 to 2 Bedroom Apartments

Lynn Lake

6500-6541 Paces Arbor CirRaleigh, NC 27609
Corporate Housing
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Channel House
Studio to 3 Bedroom Apartments

Channel House

540 St. Albans DrRaleigh, NC 27609
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The Pointe at Midtown
2 to 3 Bedroom Apartments

The Pointe at Midtown

835 Navaho DrRaleigh, NC 27609
  • Utilities Included

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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Lakemont, Raleigh, NC Local Guide

Cheapest Available Lakemont Apartments for Rent

 

The cheapest available apartment rental in the Lakemont area of Raleigh, NC is a Studio unit found at Vivo Living North Woods priced from $859. Averelle North Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Lakemont apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living North WoodsSTA - Studio AStudio,1BA$859
Averelle North HillsThe Camellia1BR,1BA$910
Lynnwood ParkThe Alexander1BR,1BA$917
LYV Six ForksA1 - The Pine1BR,1BA$979
Aria North HillsThe Heron1BR,1BA$990
Lynn Lake1A1BR,1BA$990
The District North HillsThe Gray Fox - StudioStudio,1BA$995
Quail Ridge Apartments1 Bed 1 Bath1BR,1BA$995
Sommerset PlaceCameron1BR,1BA$995
1105 Flats at North HillsA41BR,1BA$999

Best Value Apartments for Rent in Lakemont, NC

As of November 12, 2025 the best value apartment in the Lakemont area is the $1.35 price per square foot MT 2x1.5 Model at Midtown Park Townhomes in the in the Lakemont neighborhood starting from $1,480. The second greatest value Lakemont apartment is the CT 2x1.5 Model at Colony Townhomes starting at $1,400 with a $1.30 price per square foot in the Lakemont neighborhood. Here is today’s list of the best values for Lakemont apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Midtown Park TownhomesMT 2x1.52BR,1.5BA$1.35
Colony TownhomesCT 2x1.52BR,1.5BA$1.30
Quail Ridge Apartments3 Bed 2 Bath3BR,2BA$1.48
Casa de LunaB22BR,1.5BA$1.27
Laurel SpringsThe Oak1BR,1BA$1.15
Pine VillageA21BR,1BA$1.45
Litchford 315 Apartments1A - Converse1BR,1BA$1.44
Cedar Springs ApartmentsThe Bartlett1BR,1BA$1.30
Legacy North Pointe ApartmentsA21BR,1BA$1.41
Brentwood West1 Bedroom1BR,1BA$1.40

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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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Pet Friendly Lifestyle
Lakemont, Raleigh, NC

Ranked #39

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
Lakemont, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Raleigh. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, family-friendliness, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lakemont Apartments

What is a cheap apartment in Lakemont?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakemont is under $999.

What is the price of a cheap apartment in Lakemont?

The cheapest apartment in Lakemont is Averelle North Hills which is listed at $910, while the average apartment in Lakemont costs $2,225.

What types of apartments are the cheapest in Lakemont?

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 13 regular apartments in Lakemont 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 Lakemont?

Cheap apartments in Lakemont have an average cost of $146 which is $2,079 cheaper than the average rent for all rentals in Lakemont.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.