Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (78 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
$1,014 - $2,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,014 - $2,699

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

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

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Broadstone Oak City
Rent Specials
$1,218 - $2,058
Total Monthly Price

Total Monthly Price

Base Rent
$1,218 - $2,058

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Broadstone Oak City

2911 Mid Century DrRaleigh, NC 27604
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 202 Selwyn Aly

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Townhome for Rent

Available Now

202 Selwyn Aly, Unit A

202 Selwyn Aly
RaleighNC27601
property at 505 Freeman St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

505 Freeman St

RaleighNC27601
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Elan City Center
Rent Specials
$1,330 - $2,960
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,960

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Elan City Center

510 N Wilmington StRaleigh, NC 27604
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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Anderson Flats
Rent Specials
$1,341 - $1,963
Total Monthly Price

Total Monthly Price

Base Rent
$1,341 - $1,963

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Jones Grant Urban Flats
Rent Specials
$1,386 - $2,213
Total Monthly Price

Total Monthly Price

Base Rent
$1,386 - $2,213

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Jones Grant Urban Flats

1040 Wake Towne DrRaleigh, NC 27609
Corporate Housing
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  • Customer Reviewed
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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
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Duplex Village
2 Bedroom Apartments

Duplex Village

1900-2006 Hawkins StRaleigh, NC 27610
  • Utilities Included
property at 1007 Tipton St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

1007 Tipton St

RaleighNC27610
property at 820 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

820 Coleman St

RaleighNC27610
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Milner Commons
Studio to 2 Bedroom Apartments

Milner Commons

101 Russ StRaleigh, NC 27610
Senior Living

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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 1 Bed unit found at Pine Hills Apartments 55+ priced from $875. Milner Commons has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Milner CommonsStudio - The WillowStudio,1BA$900
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$949
Greenway Flats ApartmentsStudioStudio,1BA$995
Pines of AshtonAspen1BR,1BA$1,050
The LincolnThe Hub StudioStudio,1BA$1,071
Northstone Apartments1BR/1BA1BR,1BA$1,075
Brentmoor ApartmentsOberlin1BR,1BA$1,085
Longview Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,097
Walnut Woods Apartments2 Beds, 1 bath2BR,1BA$1,098

Best Value Apartments for Rent in Lockwood, NC

As of April 08, 2026 the best value apartment in the Lockwood area is the $1.40 price per square foot 2 Bed 2 Bath Model at Sunnybrook Pointe in the in the East Raleigh neighborhood starting from $1,548. The second greatest value Lockwood apartment is the 3 Beds, 1 bath Model at Walnut Woods Apartments starting at $1,318 with a $1.24 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.
Sunnybrook Pointe2 Bed 2 Bath2BR,2BA$1.40
Walnut Woods Apartments3 Beds, 1 bath3BR,1BA$1.24
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.29
The Village on Hill Street2/1 Reno2BR,1BA$1.49
The WaverlyBerkely1BR,1BA$1.40
Northstone Apartments1BR/1BA1BR,1BA$1.31
830 E Lenoir St, Unit 830.5830 E Lenoir St2BR,1BA$1.75
Brentmoor ApartmentsGlenwood1BR,1BA$1.58
900 Moses Ct900 Moses Ct1BR,1BA$1.50
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$1.55

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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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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 $1,098.

What is the price of a cheap apartment in Lockwood?

The cheapest apartment in Lockwood is Pine Hills Apartments 55+ which is listed at $875, while the average apartment in Lockwood costs $11,151.

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 24 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 $546 which is $10,605 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.

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.

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Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

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Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.