Cheap Homes for Rent in Lockwood Neighborhood of Raleigh, NC from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 709 Cumberland St

709 Cumberland St

RaleighNC27610
property at 663 Coleman St

663 Coleman St

RaleighNC27610
property at 710 Coleman St

710 Coleman St

RaleighNC27610

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.

Read Article

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.

Read Article
Showing Results 1-14, Page 1 of 1

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 Brentmoor Apartments priced from $985. Milner Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,060. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Brentmoor ApartmentsOberlin1BR,1BA$985
Milner Commons1 Bedroom - The Cedar1BR,1BA$1,060
Northstone Apartments1BR/1BA1BR,1BA$1,075
Pines of AshtonAspen1BR,1BA$1,100
Broadstone Oak CityS1Studio,1BA$1,104

Best Value Apartments for Rent in Lockwood, NC

As of June 26, 2025 the best value apartment in the Lockwood area is the $1.19 price per square foot 3 Bed 2 Bath Model at Sunnybrook Pointe in the in the East Raleigh neighborhood starting from $1,525. The second greatest value Lockwood apartment is the 201 Model at Capital Apartments starting at $1,825 with a $1.43 price per square foot in the Blount Street 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 Pointe3 Bed 2 Bath3BR,2BA$1.19
Capital Apartments2012BR,1BA$1.43
Anderson FlatsB12BR,2BA$1.57
The WaverlyEdinburgh1BR,1BA$1.33
Jones Grant Urban FlatsA11BR,1BA$1.73
Longview Village Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.53
Northstone Apartments1BR/1BA1BR,1BA$1.31
Brentmoor ApartmentsGlenwood1BR,1BA$1.55
Milner Commons1 Bedroom - The Cedar1BR,1BA$1.53
Broadstone Oak CityS1Studio ,1BA$1.73

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lockwood

What type of rentals are currently available in Lockwood?

There are currently 191 Apartments for Rent in Lockwood, NC with pricing that ranges from $577 to $6,251. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockwood ranging from $795 to $3,800.

What is the current price range for Rental Homes in Lockwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lockwood ranges from $795 to $3,800 with an average monthly rent of $1,998.

How much are larger Three and Four Bedroom Rentals in Lockwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lockwood range from $1,500 to $6,251, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,800. Four Bedroom Single-Family rentals are also available starting from $2,035 and Four Bedroom Apartments start at $2,345.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.