
Cheap Homes for Rent in Oakwood Neighborhood of Raleigh, NC from $500 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Raleigh.


Room in House on S Person St

305 Kennedy St

305 Kennedy St

657 Coleman St

657 Coleman St

1119 Gregg St

1119 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 Townhome on Gregg St

1517 Westchester Rd, Unit 1517B, Unit 1517B

321 Angier Ave

508 S Person St

1617 Sunrise Ave, Unit B, Unit B

Room in Townhome on New Bern Ave

1617 Sunrise Ave

322 Angier Ave
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.

2206 Bernard St

2222 Bernard St

1330 Park Glen Dr

2317 Glascock St

1064 Nichols Dr

709 Glenbrook Dr

707 Wade Ave

1076 Nichols Dr
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.
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 | $1,727 | $895 | $3,100 |
| Oakwood 3 Bedroom Homes for Rent | $2,326 | $1,550 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 24 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. Wedgwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $989. 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 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $989 |
| Greenway Flats Apartments | Studio | Studio,1BA | $995 |
| Skyhouse Raleigh | S2 | Studio,1BA | $1,069 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,072 |
Best Value Apartments for Rent in Oakwood, NC
As of May 22, 2026 the best value apartment in the Oakwood area is the $1.60 price per square foot Townhouse 4 Model at The Edison Lofts Apartments in the in the Blount Street neighborhood starting from $2,625. The second greatest value Oakwood apartment is the 2x2.5 townhm Model at The Townes at Bishops Park starting at $1,850 with a $1.56 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 Edison Lofts Apartments | Townhouse 4 | 2BR,2.5BA | $1.60 |
| 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 | $1.10 |
| The Gramercy | Tudor | 2BR,2BA | $1.88 |
| Cameron Court | 2 Bedroom, 1 Bath | 2BR,1BA | $1.96 |
| Brentmoor Apartments | Glenwood | 1BR,1BA | $1.64 |
| Oberlin Court Apartments | B2 | 1BR,1BA | $1.97 |
| The Shelton at Cameron Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.82 |
| Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $1.84 |
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 #19
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 333 Apartments for Rent in Oakwood, NC with pricing that ranges from $871 to $9,930. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $575 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 $575 to $5,000 with an average monthly rent of $1,729.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.