Cheap Homes for Rent in Northeast Raleigh Neighborhood of Raleigh, NC from $500 (57 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.

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property at 2904 Faversham Pl

$1,095

2 Bedroom, 2 Bath Townhome for Rent

Available Now

2904 Faversham Pl

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 The Oaks Apartments priced from $799. The Harrison Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $896. Here are the most affordable Northeast Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$799
The Harrison ApartmentsFurnished Studio A with Private BalconyStudio,1BA$896
The Trails of North Hills1 Bedroom 1 Bath - A1BR,1BA$897
Vivo Living North WoodsSTA - Studio AStudio,1BA$899
The TimbersA1 One Bed One Bath1BR,1BA$904
The FallsCapris FallsStudio,1BA$923
LYV Six ForksA1 - The Pine1BR,1BA$929
Atria at Crabtree ValleyCreedmoor1BR,1BA$935
Quail Ridge Apartments1 Bed 1 Bath1BR,1BA$940

Best Value Apartments for Rent in Northeast Raleigh, NC

As of December 24, 2025 the best value apartment in the Northeast Raleigh area is the $1.20 price per square foot Compton (C1) Model at Grand Arbor Reserve Apartment Homes in the in the Ridge Park neighborhood starting from $1,427. The second greatest value Northeast Raleigh apartment is the MT 2x1.5 Model at Midtown Park Townhomes starting at $1,225 with a $1.11 price per square foot in the Lakemont 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.
Grand Arbor Reserve Apartment HomesCompton (C1)3BR,2BA$1.20
Midtown Park TownhomesMT 2x1.52BR,1.5BA$1.11
Wakefield GlenA31BR,1BA$1.26
Lofts at North HillsThe Wexler II Newly Renovated2BR,1BA$1.27
West Oak ApartmentsWest Oak 2x22BR,2BA$1.30
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
The Pointe at MidtownB22BR,2BA$1.30
Laurel SpringsThe Oak1BR,1BA$1.11
Cedar Springs ApartmentsThe Bartlett1BR,1BA$1.30
The Oaks Apartments1 Bedoom 1 Bathoom1BR,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

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
Northeast Raleigh, Raleigh, NC

Ranked #2

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
Northeast Raleigh, Raleigh, NC

School data provided by Great Schools

Frequently Asked Questions about Northeast Raleigh

What type of rentals are currently available in Northeast Raleigh?

There are currently 505 Apartments for Rent in Northeast Raleigh, NC with pricing that ranges from $799 to $5,999. There are also 406 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Raleigh ranging from $550 to $8,000.

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 $550 to $8,000 with an average monthly rent of $1,870.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.