Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $500 (69 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 2112 Ruark Ct

2112 Ruark Ct

RaleighNC27608

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Smallwood Apartments
1 Bedroom Apartments

Smallwood Apartments

2008-2020 Smallwood DrRaleigh, NC 27605
  • Utilities Included
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included

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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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
  • Utilities Included
Showing Results 1-50, Page 1 of 2

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 Studio unit found at Milner Commons priced from $875. Pullen Station Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Oakwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Milner CommonsStudio - The WillowStudio,1BA$875
Pullen Station LoftsStudioStudio,1BA$950
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,130
The LineExpressStudio,1BA$1,130
Brentmoor ApartmentsOberlin1BR,1BA$1,155
Shamrock ApartmentsOne Bedroom1BR,1BA$1,175
The Acorn on Person StreetLeeStudio,1BA$1,235
The PointS1Studio,1BA$1,247
The RowBirch ArbourStudio,1BA$1,250
Oberlin Court ApartmentsA1Studio,1BA$1,280

Best Value Apartments for Rent in Oakwood, NC

As of June 17, 2025 the best value apartment in the Oakwood area is the $1.72 price per square foot 2 Bed #310 Model at 618 N Boylan Ave in the in the Blount Street neighborhood starting from $2,695. The second greatest value Oakwood apartment is the 201 Model at Capital Apartments starting at $1,875 with a $1.46 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.
618 N Boylan Ave2 Bed #3102BR,2BA$1.72
Capital Apartments2012BR,1BA$1.46
The Apartments at St. Mary'sB52BR,2BA$1.84
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
Wedgwood Apartments2-2.2BR,2BA$1.51
Longview Village Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.53
Oberlin Court ApartmentsB11BR,1BA$1.90
Brentmoor ApartmentsOberlin1BR,1BA$1.57
The Mordecai on Clover1 BR 1 BA TOWNHOME1BR,1BA$2.00
Shamrock ApartmentsOne Bedroom1BR,1BA$2.01

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
Oakwood, Raleigh, NC

Ranked #14

Among neighborhoods in Raleigh, NC 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.

Getting Around the Oakwood Neighborhood in Raleigh, NC

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

65 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Oakwood Apartments

What is the Cheapest Studio apartment in Oakwood?

Currently the most affordable Cheap Studio Apartment in Oakwood is at Milner Commons listed at $875.

How much is rent for a Cheap One Bedroom Oakwood Apartment?

The lowest price for a Cheap One Bedroom Oakwood Apartment is $1,060 at Milner Commons.

What is the lowest price for a Cheap Two Bedroom Oakwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oakwood is starting from $1,200 at Milner Commons.

What is the most affordable Oakwood Three Bedroom Apartment?

The best deal on a cheap Oakwood Three Bedroom Apartment rental is at Skyhouse Raleigh and starts from $2,246.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.