Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (45 Rentals)

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

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Skyhouse Raleigh
Rent Specials
$944 - $2,674
Total Monthly Price

Total Monthly Price

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$944 - $2,674
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
Furnished
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  • 3D Tour

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Brentmoor Apartments
Rent Specials
$1,132 - $1,697
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$1,132 - $1,697
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1 to 3 Bedroom Apartments Available Now

Brentmoor Apartments

2080-2080 Brentmoor DrRaleigh, NC 27604
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The Lincoln
Rent Specials
$1,196 - $2,412
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Total Monthly Price

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$1,196 - $2,412
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Varies
Studio to 2 Bedroom Apartments Available Now

The Lincoln

408 E Hargett StRaleigh, NC 27601
Corporate Housing
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  • Customer Reviewed
  • 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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Stony Brook
Studio to 3 Bedroom Apartments

Stony Brook

3001-3015 Lake Woodard DrRaleigh, NC 27604
  • Utilities Included
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Autumn Spring Apartments
1 to 2 Bedroom Apartments

Autumn Spring Apartments

3601 Eck DrRaleigh, NC 27604
Senior Living
  • Utilities Included
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
  • Utilities Included

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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Duplex Village
2 Bedroom Apartments

Duplex Village

1900-2006 Hawkins StRaleigh, NC 27610
  • Utilities Included
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Pine Hills Apartments 55+
1 Bedroom Apartments

Pine Hills Apartments 55+

1650 Royal Pines DrRaleigh, NC 27610
Senior Living
  • Utilities Included
property at 305 Kennedy St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

305 Kennedy St

RaleighNC27610
property at 657 Coleman St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

657 Coleman St

RaleighNC27610
property at 1119 Gregg St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

1119 Gregg St

RaleighNC27601

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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Cedar Moor
2 to 3 Bedroom Apartments

Cedar Moor

2410-2559 Melvid CtRaleigh, NC 27610
  • Utilities Included
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Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
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Five Point Cottages
2 Bedroom Apartments

Five Point Cottages

2201-2223 Brewer StRaleigh, NC 27608
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200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
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The Waverly
1 to 3 Bedroom Apartments

The Waverly

3211 Pridwen CirRaleigh, NC 27610

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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Lockwood, Raleigh, NC Local Guide

Cheapest Available Lockwood Apartments for Rent

 

The cheapest available apartment rental in the Lockwood area of Raleigh, NC is a Studio unit found at Greenway Flats Apartments priced from $995. Pines of Ashton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Greenway Flats ApartmentsStudioStudio,1BA$995
Pines of AshtonAspen1BR,1BA$1,050
The Harrison ApartmentsStudio C with Private BalconyStudio,1BA$1,050
Brentmoor ApartmentsOberlin1BR,1BA$1,072
Northstone Apartments1BR/1BA1BR,1BA$1,075
Longview Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,097
Walnut Woods Apartments2 Beds, 1 bath2BR,1BA$1,098
Brookside Apartments1x1 Classic1BR,1BA$1,125
The LincolnThe Hub StudioStudio,1BA$1,196
The WaverlyBerkely1BR,1BA$1,200

Best Value Apartments for Rent in Lockwood, NC

As of May 23, 2026 the best value apartment in the Lockwood area is the $1.59 price per square foot Townhouse 4 Model at The Edison Lofts Apartments in the in the Blount Street neighborhood starting from $2,610. The second greatest value Lockwood apartment is the 2 Bed 2 Bath Model at Sunnybrook Pointe starting at $1,557 with a $1.41 price per square foot in the East Raleigh neighborhood. Here is today’s list of the best values for Lockwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Edison Lofts ApartmentsTownhouse 42BR,2.5BA$1.59
Sunnybrook Pointe2 Bed 2 Bath2BR,2BA$1.41
Walnut Woods Apartments3 Beds, 1 bath3BR,1BA$1.24
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.29
Anderson HillsThe Fairfield - Renovated1BR,1BA$1.72
The WaverlyBerkely1BR,1BA$1.39
Northstone Apartments1BR/1BA1BR,1BA$1.31
Brentmoor ApartmentsGlenwood1BR,1BA$1.64
Infinity Six ForksThe Belmont1BR,1BA$1.71
Broadstone Oak CityA21BR,1BA$1.72

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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Best Local Schools in
Lockwood, Raleigh, NC

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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Raleigh, North Carolina. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, features that make it easier to raise kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lockwood Apartments

What is a cheap apartment in Lockwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lockwood is under $1,200.

What is the price of a cheap apartment in Lockwood?

The cheapest apartment in Lockwood is Pines of Ashton which is listed at $1,050, while the average apartment in Lockwood costs $2,067.

What types of apartments are the cheapest in Lockwood?

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 16 regular apartments in Lockwood 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 Lockwood?

Cheap apartments in Lockwood have an average cost of $351 which is $1,716 cheaper than the average rent for all rentals in Lockwood.

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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