
Cheap Apartments for Rent in the Waverly Point Neighborhood of Raleigh, NC from $1,300 (2 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waverly Point area of Raleigh.

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.

South Breeze
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.
Waverly Point, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Waverly Point?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly Point 1 Bedroom Apartments | $1,380 | $1,363 | $1,406 |
| Waverly Point 2 Bedroom Apartments | $1,471 | $1,400 | $1,498 |
| Waverly Point 3 Bedroom Apartments | $1,698 | $1,690 | $1,701 |
Explore Raleigh
Best Value Apartments for Rent in Waverly Point, NC
As of February 05, 2026 the best value apartment in the Waverly Point area is the $1.47 price per square foot Beaufort Model at Summerwind Apartments in the in the Southern Trace neighborhood starting from $1,363. The second greatest value Waverly Point apartment is the 3733 Wakefield Ln Model at 3733 Wakefield Ln, Unit 2 Bedroom Duplex starting at $1,400 with a $1.52 price per square foot in the Southern Trace neighborhood. Here is today’s list of the best values for Waverly Point apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summerwind Apartments | Beaufort | 1BR,1BA | $1.47 |
| 3733 Wakefield Ln, Unit 2 Bedroom Duplex | 3733 Wakefield Ln | 2BR,1BA | $1.52 |
Frequently Asked Questions about Cheap Waverly Point Apartments
How much is rent for a Cheap One Bedroom Waverly Point Apartment?
The lowest price for a Cheap One Bedroom Waverly Point Apartment is $1,363 at Summerwind Apartments.
What is the lowest price for a Cheap Two Bedroom Waverly Point Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waverly Point is starting from $1,498 at Summerwind Apartments.
What is the most affordable Waverly Point Three Bedroom Apartment?
The best deal on a cheap Waverly Point Three Bedroom Apartment rental is at Summerwind Apartments and starts from $1,690.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.