
Cheap Homes for Rent in Oakwood Neighborhood of Raleigh, NC from $400 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Raleigh.


314 Martin Luther King Jr Blvd

314 Martin Luther King Jr Blvd

Room in House on Heck St

708 Coleman St

708 Coleman St
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.

815 Clay St

703 Daniels St, Unit Cameron Village Condo

1320 Park Glen Dr

912 S Bloodworth St

929 St Marys St

1092 Nichols Dr
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.

202 Selwyn Alley

505 Freeman St

717 Brighton Rd

2230 Bernard St

2317 Glascock St

1145 Brighton Rd
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.

813 S Blount St

717 Friar Tuck Rd
Oakwood, Raleigh, NC Local Guide

How much does it cost to rent a home in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 2 Bedroom Homes for Rent | $1,771 | $950 | $4,000 |
| Oakwood 3 Bedroom Homes for Rent | $2,210 | $1,400 | $4,245 |
| Oakwood 4 Bedroom Homes for Rent | $3,636 | $3,095 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 20 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pine Hills Apartments 55+ | One Bedroom Floor Plan | 1BR,1BA | $875 |
| Pullen Station Lofts | Studio | Studio,1BA | $950 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $989 |
| Greenway Flats Apartments | Studio | Studio,1BA | $995 |
| Capital Flats & Magnolia Square Apartments | MS 1x1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Oakwood, NC
As of February 20, 2026 the best value apartment in the Oakwood area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value Oakwood apartment is the 2 BR 1.5 BA TOWNHOME Model at The Mordecai on Clover starting at $1,350 with a $1.29 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 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 |
| Trails Corner Apartments | TC 2x1 | 2BR,1BA | $1.15 |
| Milner Commons | 2 Bedroom - The Evergreen | 2BR,1BA | $1.22 |
| Warm up to great deals!! | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.53 |
| Oberlin Court Apartments | A1 | Studio ,1BA | $1.78 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1.53 |
| The Shelton at Cameron Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.82 |
| Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $1.84 |
| Pine Hills Apartments 55+ | One Bedroom Floor Plan | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
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 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 #16
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
Frequently Asked Questions about Oakwood
What type of rentals are currently available in Oakwood?
There are currently 324 Apartments for Rent in Oakwood, NC with pricing that ranges from $875 to $11,032. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $475 to $4,500.
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 $475 to $4,500 with an average monthly rent of $2,408.
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
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.