Cheap Apartments for Rent in the North Raleigh Neighborhood of Raleigh, NC from $500 (119 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Raleigh area of Raleigh.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Bridgeport
Rent Specials
$1,025 - $1,556
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$1,025 - $1,556
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1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
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Sailboat Bay
$1,047 - $1,375
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$1,047 - $1,375
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1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
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Sommerset Place
Rent Specials
$1,068 - $1,593
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$1,068 - $1,593
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1 to 2 Bedroom Apartments Available Now

Sommerset Place

6717 Six Forks RdRaleigh, NC 27615
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Duraleigh Woods
Rent Specials
$1,137 - $1,682
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$1,137 - $1,682
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1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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North Oaks Landing
$1,155 - $3,155
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$1,155 - $3,155
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1 to 3 Bedroom Apartments Available Now

North Oaks Landing

2038 Quail Forest DrRaleigh, NC 27609
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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.

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Midtown Crossing
$1,217 - $1,882
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$1,217 - $1,882
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Midtown Crossing

317 Lynn RdRaleigh, NC 27609
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VERT at Six Forks
Rent Specials
$1,218 - $1,455
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$1,218 - $1,455
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VERT at Six Forks

7816 Six Forks RdRaleigh, NC 27615
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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North Raleigh, Raleigh, NC Local Guide

Cheapest Available North Raleigh Apartments for Rent

 

The cheapest available apartment rental in the North Raleigh area of Raleigh, NC is a 1 Bed unit found at Lake Lynn Reserve Apartments priced from $906. Overlooke at Simms Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable North Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Lake Lynn Reserve ApartmentsA2 - Pelican1BR,1BA$906
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$925
Lynnwood ParkThe Alexander1BR,1BA$950
8809-8813 Litchford Rd2nd Floor Bedroom Suite1BR,1BA$950
Averelle North HillsThe Camellia Renovated1BR,1BA$960
The FallsCapris FallsStudio,1BA$971
Laurel OaksThe Oak1BR,1BA$995
Autumn RidgeSassafras1BR,1BA$997
The Domain ApartmentsPhase 2 - 1 x 1 - Call For Availability1BR,1BA$1,000
Spring ForestA1: 1 Bed 1 Bath1BR,1BA$1,000

Best Value Apartments for Rent in North Raleigh, NC

As of July 12, 2026 the best value apartment in the North Raleigh area is the $1.22 price per square foot C1 Model at Inman Park in the in the Copper Ridge neighborhood starting from $1,950. The second greatest value North Raleigh apartment is the The Maple Model at Laurel Springs starting at $1,302 with a $0.97 price per square foot in the Lakemont neighborhood. Here is today’s list of the best values for North Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Inman ParkC13BR,2BA$1.22
Laurel SpringsThe Maple2BR,2BA$0.97
Litchford 315 Apartments3B - Greystone3BR,2BA$1.35
North Hills at Town CenterB1R2BR,2BA$1.37
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
The Domain ApartmentsPhase 2 - 1 x 1 Upgrade-Call For Availability1BR,1BA$1.33
Village at Town CenterAspen1BR,1BA$1.33
Lynn Lake1B Renovation 21BR,1BA$1.36
Millbrook1B Renovation 21BR,1BA$1.35
Bridges at North HillsA1: 1 Bed 1 Bath1BR,1BA$1.37

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
North Raleigh, Raleigh, NC

Ranked #8

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
North Raleigh, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across North Carolina and customized analysis for North Raleigh. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, multifamily communities for the kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap North Raleigh Apartments

What is a cheap apartment in North Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Raleigh is under $1,000.

What is the price of a cheap apartment in North Raleigh?

The cheapest apartment in North Raleigh is Lake Lynn Reserve Apartments which is listed at $906, while the average apartment in North Raleigh costs $1,849.

What types of apartments are the cheapest in North Raleigh?

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 63 regular apartments in North Raleigh 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 North Raleigh?

Cheap apartments in North Raleigh have an average cost of $202 which is $1,647 cheaper than the average rent for all rentals in North Raleigh.

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

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.