
Cheap Homes for Rent in Lockwood Neighborhood of Raleigh, NC from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Lockwood area of Raleigh.


663 Coleman St

1515 Poole Rd, Unit 1

Room in House on Heck St

508 Bragg St

Room in Townhome on Gregg St

2942 Faversham Pl

2904 Faversham Pl

1311 Park Glen Dr

104 Bart St

1320 Park Glen Dr

3119 Woodpecker Ct

214 Elm St

712 Hartford Rd

717 Friar Tuck Rd
Lockwood, Raleigh, NC Local Guide

How much does it cost to rent a home in Lockwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lockwood 2 Bedroom Homes for Rent | $1,558 | $950 | $2,450 |
Lockwood 3 Bedroom Homes for Rent | $2,289 | $1,400 | $3,800 |
Lockwood 4 Bedroom Homes for Rent | $2,635 | $1,995 | $4,195 |
Lockwood 5 Bedroom Homes for Rent | $2,565 | $2,400 | $2,895 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Lockwood Neighborhood of Raleigh, NC.
Explore 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 1 Bed unit found at Pines of Ashton priced from $960. The Harrison Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pines of Ashton | Aspen | 1BR,1BA | $960 |
The Harrison Apartments | Studio C | Studio,1BA | $1,040 |
Milner Commons | 1 Bedroom - The Cedar | 1BR,1BA | $1,060 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1,075 |
The Falstaff | Cypress | Studio,1BA | $1,075 |
Best Value Apartments for Rent in Lockwood, NC
As of July 24, 2025 the best value apartment in the Lockwood area is the $1.43 price per square foot 201 Model at Capital Apartments in the in the Blount Street neighborhood starting from $1,825. The second greatest value Lockwood apartment is the B2 Model at Anderson Flats starting at $2,042 with a $1.67 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 | $1.43 |
Anderson Flats | B2 | 2BR,2BA | $1.67 |
Sunnybrook Pointe | 2 Bed 2 Bath | 2BR,2BA | $1.38 |
The Waverly | Edinburgh | 1BR,1BA | $1.32 |
Longview Village Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.53 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1.31 |
Brentmoor Apartments | Oberlin | 1BR,1BA | $1.65 |
900 Moses Ct, Unit 901B | 900 Moses Ct | 1BR,1BA | $1.50 |
Milner Commons | 1 Bedroom - The Cedar | 1BR,1BA | $1.53 |
Pines of Ashton | Aspen | 1BR,1BA | $1.75 |
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.
Frequently Asked Questions about Lockwood
What type of rentals are currently available in Lockwood?
There are currently 198 Apartments for Rent in Lockwood, NC with pricing that ranges from $750 to $6,251. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockwood ranging from $575 to $4,500.
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 $575 to $4,500 with an average monthly rent of $2,459.
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.