Cheap Homes for Rent in Lockwood Neighborhood of Raleigh, NC from $500 (15 Rentals)

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

property at 663 Coleman St

663 Coleman St

RaleighNC27610

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 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 ListingModel NameBed/BathPriced From
Pines of AshtonAspen1BR,1BA$960
The Harrison ApartmentsStudio CStudio,1BA$1,040
Milner Commons1 Bedroom - The Cedar1BR,1BA$1,060
Northstone Apartments1BR/1BA1BR,1BA$1,075
The FalstaffCypressStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Capital Apartments2012BR,1BA$1.43
Anderson FlatsB22BR,2BA$1.67
Sunnybrook Pointe2 Bed 2 Bath2BR,2BA$1.38
The WaverlyEdinburgh1BR,1BA$1.32
Longview Village Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.53
Northstone Apartments1BR/1BA1BR,1BA$1.31
Brentmoor ApartmentsOberlin1BR,1BA$1.65
900 Moses Ct, Unit 901B900 Moses Ct1BR,1BA$1.50
Milner Commons1 Bedroom - The Cedar1BR,1BA$1.53
Pines of AshtonAspen1BR,1BA$1.75

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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.

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.

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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.