Cheap Apartments for Rent in Wake County, NC from $400 (623 Rentals)

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Search the lowest-cost Apartments available for rent right now in Wake County.

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2002 Technology Woods Dr
$620
Total Monthly Price

Total Monthly Price

Base Rent
$620
Total Monthly Price
$620
1 to 4 Bedroom Apartment Available Now

2002 Technology Woods Dr

2002 Technology Woods DrRaleigh, NC 27603
Cost Per Sq.Ft.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Sailboat Bay
$984 - $1,613
Total Monthly Price

Total Monthly Price

Base Rent
$984 - $1,613
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Sailboat Bay

3221 Lynn Ridge RdRaleigh, NC 27613
Corporate Housing
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Wedgwood Apartments
Rent Specials
$989 - $2,019
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $2,019
Total Monthly Price
$989 - $2,019
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
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  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 13

Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a 1 Bed unit found at Meridian at North Hills in the Lakemont neighborhood priced from $206. Laurel Crossing Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $636. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meridian at North HillsA21BR,1BA$206
Laurel Crossing Apartments1 Bed 1 Bath1BR,1BA$636
The Terrace at Rock QuarryOne bedroom 30%1BR,1BA$664
Olde School CommonsOSC 1/11BR,1BA$709
900 Newcombe Rd1/11BR,1BA$710
Stanhope2x2 Shared2BR,2BA$845
The Trails of North Hills1 Bedroom 1 Bath - B1BR,1BA$870
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Bridges at North HillsStudio (Renovated)Studio,1BA$895
Maxwell RaleighChelsea- Premium3BR,3BA$899

Best Value Apartments for Rent in Wake County, NC

As of April 17, 2026 the best value apartment in the Wake County area is the $0.56 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $815. The second greatest value Wake County apartment is the 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh starting at $995 with a $0.71 price per square foot in the Roylene Acres neighborhood. Here is today’s list of the best values for Wake County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.56
Redpoint Raleigh3 Bedroom, 3 BathTownhome3BR,3BA$0.71
Tryon Flats – Modern Student Living Near NC StateA24BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Centennial Village Student Housing3x33BR,3BA$0.59
Centennial Ridge Student Housing3x33BR,3BA$0.59
1820 at Centennial3x33BR,3BA$0.81
Campus West at Tryon3X33BR,3BA$0.76
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Olde School CommonsOSC 1/11BR,1BA$0.89

Frequently Asked Questions about Cheap Wake County Apartments

What is a cheap apartment in Wake County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wake County is under $899.

What is the price of a cheap apartment in Wake County?

The cheapest apartment in Wake County is Laurel Crossing Apartments which is listed at $636, while the average apartment in Wake County costs $1,950.

What types of apartments are the cheapest in Wake County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 406 regular apartments in Wake County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Wake County?

Cheap apartments in Wake County have an average cost of $560 which is $1,390 cheaper than the average rent for all rentals in Wake County.

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.

Articles, How-To's, and Tips

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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.

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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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.