Cheap Homes for Rent in Northeast Raleigh Neighborhood of Raleigh, NC from $500 (23 Rentals)

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

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.

property at 3009 Huntleigh Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Now

3009 Huntleigh Dr, Unit 3009

3009 Huntleigh Dr
RaleighNC27604

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.

property at 2915 Faversham Pl

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 2 Bath Townhome for Rent

Available Now

2915 Faversham Pl

RaleighNC27604

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.

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 Lynnwood Park priced from $823. Overlooke at Simms Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Northeast Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Lynnwood ParkThe Alexander1BR,1BA$823
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$850
The TimbersA1 One Bed One Bath1BR,1BA$854
Lexington on the GreenA11BR,1BA$900
Vivo Living North WoodsSTA - Studio AStudio,1BA$929

Best Value Apartments for Rent in Northeast Raleigh, NC

As of March 11, 2026 the best value apartment in the Northeast Raleigh area is the $1.16 price per square foot CT 3x2 Model at Colony Townhomes in the in the Copper Ridge neighborhood starting from $1,721. The second greatest value Northeast Raleigh apartment is the 3B - Greystone Model at Litchford 315 Apartments starting at $1,583 with a $1.26 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.
Colony TownhomesCT 3x23BR,2BA$1.16
Litchford 315 Apartments3B - Greystone3BR,2BA$1.26
Inman ParkB22BR,2BA$1.27
Casa de LunaB22BR,1.5BA$1.29
Laurel SpringsThe Oak1BR,1BA$1.19
The Oaks Apartments1 Bedoom 1.5 Bathoom1BR,1.5BA$1.19
Village at Town CenterAspen1BR,1BA$1.29
Lynn Lake1B Renovation 21BR,1BA$1.28
Brentwood West1 Bedroom1BR,1BA$1.28
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$1.28

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Quick Rent Budget Calculator

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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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Frequently Asked Questions about Northeast Raleigh

What type of rentals are currently available in Northeast Raleigh?

There are currently 506 Apartments for Rent in Northeast Raleigh, NC with pricing that ranges from $823 to $4,678. There are also 331 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Raleigh ranging from $575 to $5,400.

What is the current price range for Rental Homes in Northeast Raleigh?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northeast Raleigh ranges from $575 to $5,400 with an average monthly rent of $1,877.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.