
Cheap Homes for Rent in Oakwood Neighborhood of Raleigh, NC from $500 (35 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Raleigh.


Room in House on Heck St

314 Martin Luther King Jr Blvd

314 Martin Luther King Jr Blvd

1007 Tipton St

1007 Tipton St

820 Coleman St

820 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.

316 Angier Ave

316 Angier Ave

305 Kennedy St

305 Kennedy St

815 Clay St

Room in Townhome on Gregg St

815 Clay St

202 Selwyn Alley
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.

512.5 S Boylan Ave

709 Daniels St

322 Angier Ave

202 Selwyn Aly, Unit A

505 Freeman St

321 Angier Ave

1517 Westchester Rd, Unit 1517B

318 Angier Ave
Discover Raleigh, North Carolina: A Local's Take on the City of Oaks
Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

2230 Bernard St

717 Friar Tuck Rd

313 Angier Ave

701 Daniels St, Unit D

839 Dalewood Dr

1064 Nichols Dr

15 N Fisher St

1807 Sunset Dr
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.

15 N Fisher St

508 S Person St

400 W North 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 | $1,765 | $975 | $3,500 |
| Oakwood 3 Bedroom Homes for Rent | $1,907 | $1,400 | $2,850 |
| Oakwood 4 Bedroom Homes for Rent | $2,696 | $2,000 | $3,095 |
Browse Homes for Rent in this Neighborhood
There are currently 35 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. Milner Commons has the second lowest priced unit, which is a Studio apartment currently listed from $900. 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 |
| Milner Commons | Studio - The Willow | Studio,1BA | $900 |
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $949 |
| Pullen Station Lofts | Studio | Studio,1BA | $950 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $989 |
| Greenway Flats Apartments | Studio | Studio,1BA | $995 |
| The Lincoln | The Hub Studio | Studio,1BA | $1,071 |
| Shamrock Apartments | One Bedroom | 1BR,1BA | $1,079 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,085 |
| Longview Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,097 |
Best Value Apartments for Rent in Oakwood, NC
As of April 07, 2026 the best value apartment in the Oakwood area is the $1.81 price per square foot F3 Model at Oberlin Court Apartments in the in the Oakwood neighborhood starting from $2,661. 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. |
|---|---|---|---|
| Oberlin Court Apartments | F3 | 3BR,2BA | $1.81 |
| 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 |
| 830 E Lenoir St, Unit 830.5 | 830 E Lenoir St | 2BR,1BA | $1.75 |
| Brentmoor Apartments | Glenwood | 1BR,1BA | $1.58 |
| The Shelton at Cameron Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1.82 |
| 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 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 #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 329 Apartments for Rent in Oakwood, NC with pricing that ranges from $720 to $11,145. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $575 to $3,500.
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 $575 to $3,500 with an average monthly rent of $1,671.
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 $1,129 to $7,538, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,850. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $899.
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

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.