Cheap Apartments for Rent in the Northeast Raleigh Neighborhood of Raleigh, NC from $500 (247 Rentals)

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

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

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Bridgeport
Rent Specials
$981 - $1,598
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$981 - $1,598
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1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

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Montecito West
$1,033 - $1,704
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$1,033 - $1,704
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1 to 2 Bedroom Apartments Available Now

Montecito West

1313 Hardimont RdRaleigh, NC 27609
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Duraleigh Woods
Rent Specials
$1,017 - $1,695
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$1,017 - $1,695
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1 to 2 Bedroom Apartments Available Now

Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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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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Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Sailboat Bay
$1,071 - $1,359
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$1,071 - $1,359
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Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
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Montecito
Rent Specials
$1,101 - $1,411
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$1,101 - $1,411
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Montecito

3800 Colby DrRaleigh, NC 27609
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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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Northeast Raleigh, Raleigh, NC Local Guide

Cheapest Available Northeast Raleigh Apartments for Rent

 

The cheapest available apartment rental in the Northeast Raleigh area of Raleigh, NC is a 1 Bed unit found at Overlooke at Simms Creek Apartments priced from $925. Anson at North Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $942. Here are the most affordable Northeast Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$925
Anson at North HillsA11BR,1BA$942
Laurel OaksThe Oak1BR,1BA$947
Lynnwood ParkThe Alexander1BR,1BA$950
8809-8813 Litchford Rd2nd Floor Bedroom Suite1BR,1BA$950
Lexington on the GreenA31BR,1BA$966
Autumn RidgeSassafras1BR,1BA$984
Averelle North HillsThe Iris Renovated1BR,1BA$990
Oak City ApartmentsOne Bedroom1BR,1BA$995
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$996

Best Value Apartments for Rent in Northeast Raleigh, NC

As of July 30, 2026 the best value apartment in the Northeast Raleigh area is the $1.22 price per square foot C1 Model at Inman Park in the in the Copper Ridge neighborhood starting from $1,944. The second greatest value Northeast Raleigh apartment is the 1213 Manassas Court Model at 1213 Manassas Court, Unit H starting at $1,775 with a $1.19 price per square foot in the Northridge Trace neighborhood. Here is today’s list of the best values for Northeast Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Inman ParkC13BR,2BA$1.22
1213 Manassas Court, Unit H1213 Manassas Court3BR,2.5BA$1.19
Laurel SpringsThe Maple2BR,2BA$0.91
MAA Crabtree32B3BR,2BA$1.22
Regency Park Apartment HomesB22BR,2BA$1.17
Capital Creek at Heritage Apartments2BR 2BA (1195 SF)2BR,2BA$1.24
Colony TownhomesCT 2x1.52BR,1.5BA$1.22
Falls Creek Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.24
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
Lake Lynn Reserve ApartmentsB1 - Swan2BR,2BA$1.21

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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Best Local Schools in
Northeast Raleigh, Raleigh, NC

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Northeast Raleigh, Raleigh, and the greater Raleigh area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Northeast Raleigh Apartments

What is a cheap apartment in Northeast Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northeast Raleigh is under $996.

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

The cheapest apartment in Northeast Raleigh is Overlooke at Simms Creek Apartments which is listed at $925, while the average apartment in Northeast Raleigh costs $2,574.

What types of apartments are the cheapest in Northeast 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 78 regular apartments in Northeast 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 Northeast Raleigh?

Cheap apartments in Northeast Raleigh have an average cost of $131 which is $2,443 cheaper than the average rent for all rentals in Northeast 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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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.

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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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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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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.