Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $600 (120 Rentals)

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

property at 1011 Parker St

$855

Total Monthly Price

Total Monthly Price

Base Rent
$855
Total Monthly Price
$855

4 Bedroom, 3 Bath Home for Rent

Available Aug 7, 2027

1011 Parker St

RaleighNC27607
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Wedgwood Apartments
Rent Specials
$989 - $1,819
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $1,819
Total Monthly Price
$989 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
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  • Utilities Included

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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Skyhouse Raleigh
Rent Specials
$1,014 - $2,699
Total Monthly Price

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Base Rent
$1,014 - $2,699
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Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
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The Lincoln
Rent Specials
$1,106 - $2,352
Total Monthly Price

Total Monthly Price

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$1,106 - $2,352
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Studio to 2 Bedroom Apartments Available Now

The Lincoln

408 E Hargett StRaleigh, NC 27601
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Brentmoor Apartments
Rent Specials
$1,132 - $1,772
Total Monthly Price

Total Monthly Price

Base Rent
$1,132 - $1,772
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1 to 3 Bedroom Apartments Available Now

Brentmoor Apartments

2080-2080 Brentmoor DrRaleigh, NC 27604
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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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The Gramercy
Rent Specials
$1,205 - $2,290
Total Monthly Price

Total Monthly Price

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$1,205 - $2,290
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Studio to 2 Bedroom Apartments Available Now

The Gramercy

650 W North StRaleigh, NC 27603
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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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property at 505 Freeman St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

505 Freeman St

RaleighNC27601
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The Devon Four25
Rent Specials
$1,330 - $4,955
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $4,955
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Studio to 2 Bedroom Apartments Available Now

The Devon Four25

425 Boylan AveRaleigh, NC 27603
Pet Friendly
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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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The Signal
Rent Specials
$1,338 - $5,540
Total Monthly Price

Total Monthly Price

Base Rent
$1,338 - $5,540
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Studio to 3 Bedroom Apartments Available Now

The Signal

721 Halifax StRaleigh, NC 27604
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The Maggie
Rent Specials
$1,372 - $5,684
Total Monthly Price

Total Monthly Price

Base Rent
$1,372 - $5,684
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Maggie

401 Oberlin RdRaleigh, NC 27605
Transit Friendly
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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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Oakwood, Raleigh, NC Local Guide

Cheapest Available Oakwood Apartments for Rent

 

The cheapest available apartment rental in the Oakwood area of Raleigh, NC is a 1 Bed unit found at Pine Hills Apartments 55+ priced from $875. Milner Commons has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Oakwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Milner CommonsStudio - The WillowStudio,1BA$900
Pullen Station LoftsStudioStudio,1BA$950
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$989
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$989
Greenway Flats ApartmentsStudioStudio,1BA$995
Shamrock ApartmentsOne Bedroom1BR,1BA$1,093
Longview Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,097
The LincolnThe Hub StudioStudio,1BA$1,106

Best Value Apartments for Rent in Oakwood, NC

As of April 24, 2026 the best value apartment in the Oakwood area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value Oakwood apartment is the 2 BR 1.5 BA TOWNHOME Model at The Mordecai on Clover starting at $1,350 with a $1.29 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.29
Trails Corner ApartmentsTC 2x12BR,1BA$1.15
Brentmoor ApartmentsGlenwood1BR,1BA$1.64
Brookside Apartments1x1 Partial Upgrade1BR,1BA$1.51
900 Moses Ct900 Moses Ct1BR,1BA$1.50
The Shelton at Cameron Court1 Bedroom, 1 Bath1BR,1BA$1.82
Shamrock ApartmentsOne Bedroom1BR,1BA$1.87
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$1.55
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1.98

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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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Pet Friendly Lifestyle
Oakwood, Raleigh, NC

Ranked #17

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
Oakwood, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Raleigh, NC. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Oakwood Apartments

What is a cheap apartment in Oakwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakwood is under $1,106.

What is the price of a cheap apartment in Oakwood?

The cheapest apartment in Oakwood is Pine Hills Apartments 55+ which is listed at $875, while the average apartment in Oakwood costs $3,004.

What types of apartments are the cheapest in Oakwood?

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 20 regular apartments in Oakwood 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 Oakwood?

Cheap apartments in Oakwood have an average cost of $714 which is $2,290 cheaper than the average rent for all rentals in Oakwood.

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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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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