
Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lockwood area of Raleigh.


Pine Hills Apartments 55+

The Harrison

Skyhouse Raleigh
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.

Northstone Apartments

Brentmoor Apartments
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.

Pines of Ashton
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.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Lockwood, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Lockwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lockwood Studio Apartments | $1,412 | $875 | $2,185 |
Lockwood 1 Bedroom Apartments | $1,600 | $577 | $4,146 |
Lockwood 2 Bedroom Apartments | $2,032 | $1,172 | $4,941 |
Lockwood 3 Bedroom Apartments | $2,293 | $1,500 | $6,251 |
Lockwood 4 Bedroom Apartments | $2,345 | $2,345 | $2,345 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Lockwood Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
Lockwood, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Lockwood Apartments for Rent
 The cheapest available apartment rental in the Lockwood area of Raleigh, NC is a Studio unit found at Milner Commons priced from $875. The Harrison has the second lowest priced unit, which is a Studio apartment currently listed from $960. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Milner Commons | Studio - The Willow | Studio,1BA | $875 |
The Harrison | Studio B | Studio,1BA | $960 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1,075 |
Brentmoor Apartments | Oberlin | 1BR,1BA | $1,099 |
Pines of Ashton | Aspen | 1BR,1BA | $1,100 |
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,130 |
The Waverly | Edinburgh | 1BR,1BA | $1,142 |
Elan City Center | A1 | Studio,1BA | $1,143 |
Longview Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,147 |
Skyhouse Raleigh | S4 | Studio,1BA | $1,183 |
Best Value Apartments for Rent in Lockwood, NC
As of June 13, 2025 the best value apartment in the Lockwood area is the $1.46 price per square foot 201 Model at Capital Apartments in the in the Blount Street neighborhood starting from $1,875. The second greatest value Lockwood apartment is the 2 Bed 2 Bath Model at 1401 Coopershill Drive starting at $2,100 with a $1.66 price per square foot in the Lakemont neighborhood. Here is today’s list of the best values for Lockwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Capital Apartments | 201 | 2BR,1BA | $1.46 |
1401 Coopershill Drive | 2 Bed 2 Bath | 2BR,2BA | $1.66 |
Broadstone Oak City | B2 | 2BR,2BA | $1.71 |
Sunnybrook Pointe | 2 Bed 2 Bath | 2BR,2BA | $1.38 |
The Waverly | Edinburgh | 1BR,1BA | $1.26 |
Jones Grant Urban Flats | A2 | 1BR,1BA | $1.68 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1.31 |
Cortland Midtown East | Wheat | 1BR,1BA | $1.95 |
Infinity Six Forks | The Belmont | 1BR,1BA | $1.94 |
Brentmoor Apartments | Oberlin | 1BR,1BA | $1.50 |
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.
Pet Friendly LifestyleLockwood, Raleigh, NC
Ranked #44
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lockwood, Raleigh, NC
School data provided by Great Schools
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 $1,183.
What is the price of a cheap apartment in Lockwood?
The cheapest apartment in Lockwood is Milner Commons which is listed at $1,060, while the average apartment in Lockwood costs $2,345.
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 21 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 $348 which is $1,997 cheaper than the average rent for all rentals in Lockwood.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.