Cheap Apartments for Rent in the Northeast Raleigh Neighborhood of Raleigh, NC from $500 (243 Rentals)

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

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Sailboat Bay
$926 - $1,370
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$926 - $1,370
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1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
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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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Bridgeport
Rent Specials
$991 - $1,542
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$991 - $1,542
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1 to 3 Bedroom Apartments Available Now

Bridgeport

4101 Lake Lynn DrRaleigh, NC 27613
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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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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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Concord Apartments
$1,041 - $1,546
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$1,041 - $1,546
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1 to 3 Bedroom Apartments Available Now

Concord Apartments

3920 Knickerbocker PkyRaleigh, 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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Sommerset Place

6717 Six Forks RdRaleigh, NC 27615
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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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Duraleigh Woods
Rent Specials
$1,076 - $1,484
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$1,076 - $1,484
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Duraleigh Woods

5600 Briar Oak LnRaleigh, NC 27612
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Montecito
Rent Specials
$1,101 - $1,381
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$1,101 - $1,381
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Montecito

3800 Colby DrRaleigh, NC 27609
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Studio unit found at Tree Top priced from $892. Lexington on the Green has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Northeast Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Tree TopS1: 0 Bed 1 BathStudio,1BA$892
Lexington on the GreenA21BR,1BA$910
Sailboat BayA3 Classic1BR,1BA$926
Vivo Living North WoodsStudio AStudio,1BA$929
The Harrison ApartmentsStudio A with Private BalconyStudio,1BA$940
Anson at North HillsA11BR,1BA$942
The DistrictThe Gray FoxStudio,1BA$945
Bridges at North HillsA1: 1 Bed 1 Bath1BR,1BA$946
The FallsCapris FallsStudio,1BA$946
Lynnwood ParkThe Alexander1BR,1BA$950

Best Value Apartments for Rent in Northeast Raleigh, NC

As of June 13, 2026 the best value apartment in the Northeast Raleigh area is the $1.32 price per square foot Astor Model at Edwards Mill in the in the Copper Ridge neighborhood starting from $1,565. The second greatest value Northeast Raleigh apartment is the Two Bedroom Two Bath Renovated Model at The Village Apartments starting at $1,470 with a $1.32 price per square foot in the Summerfield North 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.
Edwards MillAstor2BR,2.5BA$1.32
The Village ApartmentsTwo Bedroom Two Bath Renovated2BR,2BA$1.32
Falls Creek Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.34
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.27
Grand Arbor Reserve Apartment HomesAshford2BR,1BA$1.30
Northridge CrossingsThe Coach1BR,1BA$1.26
The Domain ApartmentsPhase 2 - 1 x 1 Upgrade-Call For Availability1BR,1BA$1.33
Northstone Apartments1BR/1BA1BR,1BA$1.31
Village at Town CenterAspen1BR,1BA$1.33
Lynn Lake1B Renovation 21BR,1BA$1.33

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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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 $950.

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

The cheapest apartment in Northeast Raleigh is Lexington on the Green which is listed at $910, while the average apartment in Northeast Raleigh costs $2,944.

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 95 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 $154 which is $2,790 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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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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.