
Cheap Homes for Rent in the Oakwood Neighborhood of Raleigh, NC from $600 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Raleigh.


Room in House on Tall Rock Ct

801 Daniels St, Unit D

1321 Park Glen Dr

1330 Park Glen Dr

322 Angier Ave

815 Clay St

209 E Peace St
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1320 Park Glen Dr

505 Freeman St

1000 Nichols Dr

115 S Tarboro St

410 Lamont St

1535 Caraleigh Mills Ct, Unit 121

2413 Glascock St

2413 Glascock St
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1900 Smallwood Dr

817 Dalewood Dr

212 S State St

919 S State St, Unit B

1218 Boyer St

524 Branch St

901 St Marys St

706 Van Buren Rd
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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 | $1,818 | $1,150 | $3,100 |
| Oakwood 3 Bedroom Homes for Rent | $2,367 | $1,495 | $4,600 |
| Oakwood 4 Bedroom Homes for Rent | $3,150 | $2,600 | $3,950 |
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 4 Beds unit found at Hub Raleigh priced from $799. 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 |
|---|---|---|---|
| Hub Raleigh | 4x2 Pod | 4BR,2BA | $799 |
| Pullen Station Lofts | Studio | Studio,1BA | $950 |
| Greenway Flats Apartments | Studio | Studio,1BA | $995 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $999 |
| Parkside at Davie | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Oakwood, NC
As of August 20, 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 Cameron Model at The Maggie starting at $2,319 with a $1.80 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 |
| The Maggie | Cameron | 2BR,2BA | $1.80 |
| Signature 1505 | B6 | 2BR,2BA | $1.03 |
| 1937 Fairfield Dr, Unit Apt. D | 1937 Fairfield Dr | 2BR,1BA | $1.57 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.56 |
| 501 Cutler St, Unit 2 | 501 Cutler St | 1BR,1BA | $1.36 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.29 |
| Brentmoor Apartments | Capital | 2BR,1BA | $1.67 |
| STATE102 | 2BR/1.5BA | 2BR,1.5BA | $1.65 |
| Brookside Apartments | Studio Partial | Studio ,1BA | $1.76 |
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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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 #12
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 337 Apartments for Rent in Oakwood, NC with pricing that ranges from $650 to $7,538. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $640 to $4,600.
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 $640 to $4,600 with an average monthly rent of $2,122.
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 $1,150 to $7,538, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,600. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $650.
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

Discover Raleigh, North Carolina: A Locals Take on the City of Oaks
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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.

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Articles, How-To's, and Tips

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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.