Cheap Homes for Rent in Oakwood Neighborhood of Raleigh, NC from $800 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

property at 618 N Boylan Ave

618 N Boylan Ave

RaleighNC27603

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.

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. Capital Flats & Magnolia Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. 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
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$929
Pullen Station LoftsStudioStudio,1BA$950
Shamrock ApartmentsOne Bedroom1BR,1BA$999
Wedgwood ApartmentsShamrock 1x11BR,1BA$999

Best Value Apartments for Rent in Oakwood, NC

As of September 18, 2025 the best value apartment in the Oakwood area is the $1.43 price per square foot 2 Bed #310 Model at 618 N Boylan Ave in the in the Blount Street neighborhood starting from $2,235. The second greatest value Oakwood apartment is the 815 W Johnson St Model at 815 W Johnson St, Unit 815 starting at $1,650 with a $1.14 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,2.5BA$1.43
815 W Johnson St, Unit 815815 W Johnson St2BR,1BA$1.14
Capital Apartments2012BR,1BA$1.40
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.51
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.24
Trails Corner ApartmentsTC 2x12BR,1BA$1.23
Oberlin Court ApartmentsB11BR,1BA$1.70
Brentmoor ApartmentsOberlin1BR,1BA$1.61
Milner Commons1 Bedroom - The Cedar1BR,1BA$1.53
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$1.55

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about Oakwood

What type of rentals are currently available in Oakwood?

There are currently 335 Apartments for Rent in Oakwood, NC with pricing that ranges from $750 to $16,708. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $825 to $5,895.

What is the current price range for Rental Homes in Oakwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakwood ranges from $825 to $5,895 with an average monthly rent of $2,701.

How much are larger Three and Four Bedroom Rentals in Oakwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakwood range from $1,353 to $16,708, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $4,950.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.