Cheap Apartments for Rent in Wake County, NC from $583 (627 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article

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.

Read Article
close
View Me
Wedgwood Apartments
$999 - $1,819
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,819
Total Monthly Price
$999 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article
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 4 Beds unit found at Friendly105 Apartments in the Grove Park neighborhood priced from $625. Olde School Commons in the Sandlin Branch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $709. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Friendly105 ApartmentsLIMITED TIME, FREE MONTH SIGN BY 7/31! Fully Fu...4BR,4BA$625
Olde School CommonsOSC 1/11BR,1BA$709
The Preserve at Gresham Lake1 Bedroom1BR,1BA$730
Campus Suites2BR/1.0BA2BR,1BA$795
Hub Raleigh4x2 Pod4BR,2BA$799
Walnut Creek Apartments2 Bedroom 1 Bathroom Duplex2BR,1BA$800

Best Value Apartments for Rent in Wake County, NC

As of August 31, 2026 the best value apartment in the Wake County area is the $0.48 price per square foot 4x4.5 Model at Redfield Villages in the in the Grove Park neighborhood starting from $899. The second greatest value Wake County apartment is the 4x4 Model at University Village at 2505 starting at $799 with a $0.55 price per square foot in the University Suites 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.
Redfield Villages4x4.54BR,4.5BA$0.48
University Village at 25054x44BR,4BA$0.55
1440 Collegiate Cir, Unit 1041440 Collegiate Cir4BR,4BA$0.46
2021 Wolf Tech Ln, Unit 2042021 Wolf Tech Ln4BR,4BA$0.46
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.51
3770 Pardue Woods Pl, Unit 3013770 Pardue Woods Pl3BR,3BA$0.48
1500 Graduate Ln, Unit 15001500 Graduate Ln4BR,4BA$0.48
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Centennial Ridge Student Housing3x33BR,3BA$0.49
Centennial Village Student Housing3x33BR,3BA$0.49

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 $800.

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

The cheapest apartment in Wake County is Olde School Commons which is listed at $709, while the average apartment in Wake County costs $1,610.

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 311 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 $469 which is $1,141 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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.