
Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $600 (114 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Raleigh.


Hub Raleigh

Room in House on Heck St

1106 Filmore St

Room in House on S Person St

Room in House on Tall Rock Ct

1000 Glenwood Ave

Total Monthly Price
Skyhouse Raleigh

Greenway Flats Apartments
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.

Total Monthly Price
Wedgwood Apartments

708 Highgate Pl

Longview Village Apartments

721 Hampstead Pl

Trails Corner Apartments

714 Highgate Pl

Brookside Apartments

Total Monthly Price
The Lincoln

801 Devereux St

927 West Morgan
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
Brentmoor Apartments

Historic Boylan Apartments

Total Monthly Price
Elan City Center

Total Monthly Price
The Point

Forge at Raleigh Iron Works

709 Highgate Pl

Oldham & Worth

Total Monthly Price
Oberlin Court Apartments

MAA Hue

The Edison Lofts Apartments
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.

Total Monthly Price
511 Faye

Platform

Chester Hills

The Row

312 Dacian Rd

911 S Blount St, Unit B

The Apartments at St. Mary's

Ray at The Weld

The Metropolitan

The Shelton at Cameron Court
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

2203 Brewer St

Total Monthly Price
The Signal

Total Monthly Price
Cortland Glenwood South

Total Monthly Price
The Gramercy

Address East End

616 at the Village

Total Monthly Price
Mira

Total Monthly Price
Alexan Moto

Total Monthly Price
The Miles

712 Tucker
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,583 | $950 | $3,151 |
| Oakwood 1 Bedroom Apartments | $1,920 | $895 | $6,453 |
| Oakwood 2 Bedroom Apartments | $2,707 | $999 | $8,847 |
| Oakwood 3 Bedroom Apartments | $3,121 | $1,159 | $7,538 |
| Oakwood 4 Bedroom Apartments | $1,179 | $799 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
Oakwood, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $999 |
| Parkside at Davie | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| Longview Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,097 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,222 |
| 815 Clay St | 1 Beds, 1 Baths | 1BR,1BA | $1,225 |
| 927 West Morgan | Glenwood | 1BR,1BA | $1,251 |
| The Point | S1 | Studio,1BA | $1,256 |
| Brookside Apartments | 1x1 Loft Classic | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Oakwood, NC
As of July 24, 2026 the best value apartment in the Oakwood area is the $1.44 price per square foot 920 W Morgan St Model at 920 W Morgan St, Unit A in the in the Oakwood neighborhood starting from $2,370. The second greatest value Oakwood apartment is the D1 Model at Signature 1505 starting at $1,055 with a $0.87 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. |
|---|---|---|---|
| 920 W Morgan St, Unit A | 920 W Morgan St | 3BR,2BA | $1.44 |
| Signature 1505 | D1 | 4BR,2BA | $0.87 |
| 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 | $1.42 |
| Oberlin Court Apartments | B11 | 1BR,1BA | $1.77 |
| Brookside Apartments | 1x1 Loft Classic | 1BR,1BA | $1.38 |
| The Lincoln | The Oak Townhome | 1BR,1.5BA | $1.70 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1.66 |
| Five Point Cottages | 2 Beds, 1 Baths | 2BR,1BA | $2.00 |
| 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 #12
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 $1,300.
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 $2,525.
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 10 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 $607 which is $1,918 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

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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
