
Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $600 (109 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Raleigh.


Room in House on S Person St

1106 Filmore St

Hub Raleigh

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Skyhouse Raleigh

1000 Glenwood Ave

Pullen Station Lofts

Room in Townhome on Gregg St

Room in House on Tall Rock Ct

Greenway Flats Apartments
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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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900 Moses Ct

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Brentmoor Apartments

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Wedgwood Apartments

509-511 Cape Ave

708 Highgate Pl

Longview Village Apartments

Brookside Apartments

Trails Corner Apartments

714 Highgate Pl

Link Apartments® Glenwood South
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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 Lincoln

801 Devereux St

Historic Boylan Apartments

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Elan City Center

The Apartments at St. Mary's

The L Apartments

Forge at Raleigh Iron Works

The Row

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511 Faye

Oldham & Worth
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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The Point

Ray at The Weld

927 West Morgan

Chester Hills

Platform

Berkshire Village District

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Oberlin Court Apartments

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The Gramercy

715 Ellington St

The Metropolitan
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.

MAA Hue

2224 Bernard St

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Cortland Glenwood South

The Edison Lofts Apartments

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The Miles

The Shelton at Cameron Court

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The Signal

The Edition on Oberlin

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The Dillon

Address East End
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Oakwood, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood Studio Apartments | $1,560 | $914 | $2,755 |
| Oakwood 1 Bedroom Apartments | $1,905 | $895 | $6,450 |
| Oakwood 2 Bedroom Apartments | $2,701 | $1,079 | $7,438 |
| Oakwood 3 Bedroom Apartments | $3,410 | $1,159 | $9,920 |
| Oakwood 4 Bedroom Apartments | $1,180 | $899 | $1,624 |
Browse Apartments in this Neighborhood
There are currently 109 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Raleigh, NC.
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Oakwood, Raleigh, NC Local Guide
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Cheapest Available Oakwood Apartments for Rent
 The cheapest available apartment rental in the Oakwood area of Raleigh, NC is a Studio unit found at Pullen Station Lofts priced from $950. Greenway Flats Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Oakwood apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pullen Station Lofts | Studio | Studio,1BA | $950 |
| Greenway Flats Apartments | Studio | Studio,1BA | $995 |
| Parkside at Davie | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $1,095 |
| Longview Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,097 |
| Brookside Apartments | 1x1 Classic | 1BR,1BA | $1,125 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,132 |
| The Lincoln | The Hub Studio | Studio,1BA | $1,149 |
| The Acorn on Person Street | Lee | Studio,1BA | $1,159 |
Best Value Apartments for Rent in Oakwood, NC
As of June 08, 2026 the best value apartment in the Oakwood area is the $1.64 price per square foot Townhouse 4 Model at The Edison Lofts Apartments in the in the Blount Street neighborhood starting from $2,680. The second greatest value Oakwood apartment is the 1937 Fairfield Dr Model at 1937 Fairfield Dr, Unit Apt. D starting at $1,885 with a $1.57 price per square foot in the Oakwood neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Edison Lofts Apartments | Townhouse 4 | 2BR,2.5BA | $1.64 |
| 1937 Fairfield Dr, Unit Apt. D | 1937 Fairfield Dr | 2BR,1BA | $1.57 |
| Trails Corner Apartments | TC 3x1 | 3BR,1BA | $1.08 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.56 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.29 |
| Brentmoor Apartments | Glenwood | 1BR,1BA | $1.64 |
| Brookside Apartments | 1x1 Partial Upgrade | 1BR,1BA | $1.51 |
| Oberlin Court Apartments | B2 | 1BR,1BA | $1.96 |
| 900 Moses Ct | 900 Moses Ct | 1BR,1BA | $1.64 |
| Longview Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.98 |
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.
Read ArticleTop 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleOakwood, Raleigh, NC
Ranked #18
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Oakwood, Raleigh, NC
Wake Young Men's Leadership Academy
Moore Square Museum Magnet Mid
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 $1,159.
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is Parkside at Davie which is listed at $1,095, while the average apartment in Oakwood costs $2,716.
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 4 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 $649 which is $2,067 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

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.

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.

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers
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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

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.

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.

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.