
Cheap Homes for Rent in Oakwood Neighborhood of Raleigh, NC from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Raleigh.


1104 Spaulding St

663 Coleman St

1104 Spaulding St

663 Coleman St

Room in Townhome on Gregg St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Room in House on Heck St

Room in House on Tall Rock Ct

602 Bragg St

707 W Roanoke Park Dr

815 Clay St

1330 Park Glen Dr
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.

209 E Peace St

322 Angier Ave

1320 Park Glen Dr

505 Freeman St

1729 Dallas St

2212 Bernard St
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.

15 N Fisher St

2317 Glascock St

1000 Nichols Dr

1710 Oakwood Ave

849 Bryan St

817 Dalewood 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.

115 S Tarboro St

901 St Marys St
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 | $1,808 | $1,150 | $3,400 |
| Oakwood 3 Bedroom Homes for Rent | $2,486 | $1,595 | $5,000 |
| Oakwood 4 Bedroom Homes for Rent | $3,162 | $2,350 | $4,250 |
Browse Homes for Rent in this Neighborhood
There are currently 26 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 |
| Longview Village Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,097 |
| The Acorn on Person Street | Lee | Studio,1BA | $1,164 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $1,199 |
| Link Apartments® Glenwood South | S1 | Studio,1BA | $1,215 |
| 815 Clay St | 1 Beds, 1 Baths | 1BR,1BA | $1,225 |
| The Devon Four25 | A102 | 1BR,1BA | $1,228 |
| Oldham & Worth | Birch | Studio,1BA | $1,240 |
Best Value Apartments for Rent in Oakwood, NC
As of July 06, 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 |
| Brookside Apartments | 1x1 Loft Classic | 1BR,1BA | $1.38 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1.71 |
| Oberlin Court Apartments | B2 | 1BR,1BA | $1.93 |
| The L Apartments | Prado | 1BR,1BA | $1.97 |
| MAA Hue | Yellow | Studio ,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 #11
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 332 Apartments for Rent in Oakwood, NC with pricing that ranges from $799 to $7,538. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $795 to $5,000.
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 $795 to $5,000 with an average monthly rent of $2,169.
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 $1,159 to $7,538, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $799.
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.

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.
Articles, How-To's, and Tips

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.

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.