Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $600 (86 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Oakwood 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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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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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 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

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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. 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
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Pullen Station LoftsStudioStudio,1BA$950
Greenway Flats ApartmentsStudioStudio,1BA$995
Shamrock ApartmentsOne Bedroom1BR,1BA$999
Wedgwood ApartmentsShamrock 1x11BR,1BA$999
Brentmoor ApartmentsOberlin1BR,1BA$1,000
The LincolnThe Hub StudioStudio,1BA$1,042
The Apartments at St. Mary'sS3Studio,1BA$1,090
Longview Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,097
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,100

Best Value Apartments for Rent in Oakwood, NC

As of November 15, 2025 the best value apartment in the Oakwood area is the $0.91 price per square foot Entire Home Model at 1115 Marshall St in the in the Blount Street neighborhood starting from $4,000. The second greatest value Oakwood apartment is the 2 Bed #310 Model at 618 N Boylan Ave starting at $2,035 with a $1.30 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.
1115 Marshall StEntire Home4BR,3.5BA$0.91
618 N Boylan Ave2 Bed #3102BR,2.5BA$1.30
Capital Apartments2012BR,1BA$1.35
Trails Corner ApartmentsTC 3x13BR,1BA$1.33
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.43
1937 Fairfield Dr, Unit A1937 Fairfield Dr1BR,1BA$1.68
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.24
Brentmoor ApartmentsRaleigh2BR,2BA$1.58
Milner Commons2 Bedroom - The Evergreen2BR,1BA$1.22
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$1.55

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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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
Oakwood, Raleigh, NC

Ranked #12

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.

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 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 $1,100.

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 $4,000.

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 28 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 $266 which is $3,734 cheaper than the average rent for all rentals in Oakwood.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.