Cheap Apartments for Rent in the Lakemont Neighborhood of Raleigh, NC from $700 (70 Rentals)

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

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

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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 $899. Lynnwood Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $955. Here are the most affordable Lakemont apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living North WoodsSTA - Studio AStudio,1BA$899
Lynnwood ParkThe Alexander1BR,1BA$955
Bridges at North Hills1 Bed - 1 Bath1BR,1BA$969
Sommerset PlaceCameron1BR,1BA$995
Lynn Lake1A Renovation 21BR,1BA$1,000
Aria North HillsThe Heron1BR,1BA$1,030
1105 Flats at North HillsA41BR,1BA$1,040
Vine North Hills ApartmentsPecanStudio,1BA$1,045
Cedar Springs ApartmentsThe Bartlett1BR,1BA$1,074
MontecitoOne Bedroom1BR,1BA$1,085

Best Value Apartments for Rent in Lakemont, NC

As of January 21, 2026 the best value apartment in the Lakemont area is the $1.22 price per square foot Oakview Model at North Oaks Landing in the in the Northridge Trace neighborhood starting from $1,460. The second greatest value Lakemont apartment is the MT 2x1.5 Model at Midtown Park Townhomes starting at $1,367 with a $1.24 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.
North Oaks LandingOakview3BR,2BA$1.22
Midtown Park TownhomesMT 2x1.52BR,1.5BA$1.24
Colony TownhomesCT 2x1.52BR,1.5BA$1.37
Quail Ridge Apartments3 Bed 2 Bath3BR,2BA$1.48
The Pointe at MidtownB1B2BR,2BA$1.47
Laurel SpringsThe Oak1BR,1BA$1.32
Cedar Springs ApartmentsThe Bartlett1BR,1BA$1.33
Windsor FallsA1B1BR,1BA$1.41
Casa de LunaA11BR,1BA$1.42
Brentwood West1 Bedroom1BR,1BA$1.40

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

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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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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 $1,085.

What is the price of a cheap apartment in Lakemont?

The cheapest apartment in Lakemont is Lynnwood Park which is listed at $955, while the average apartment in Lakemont costs $2,094.

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 11 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 $115 which is $1,979 cheaper than the average rent for all rentals in Lakemont.

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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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.

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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.