Cheap Apartments for Rent in Wake County, NC from $400 (606 Rentals)

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

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.

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The Art of the Rental Viewing: What to look for during a property tour

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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a Studio unit found at Westgrove Tower Condominiums in the Grove Park neighborhood priced from $895. The Oaks Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westgrove Tower CondominiumsS1Studio,1BA$895
The Oaks Apartments1 Bedoom 1.5 Bathoom1BR,1BA$899
Vivo Living North WoodsStudio AStudio,1BA$899
1820 at Centennial4x44BR,4BA$900
The FallsCapris FallsStudio,1BA$932
Bridges at North HillsStudio (Renovated)Studio,1BA$933
The Parke at Trinity Apartment HomesA11BR,1BA$935
Lake Lynn Reserve ApartmentsA3 - Seagull1BR,1BA$935

Best Value Apartments for Rent in Wake County, NC

As of July 01, 2025 the best value apartment in the Wake County area is the $0.55 price per square foot 5x5 Loft Private Access Model at Paloma Raleigh in the in the Roylene Acres neighborhood starting from $959. The second greatest value Wake County apartment is the 4x4 Model at University Village at 2505 starting at $815 with a $0.56 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.
Paloma Raleigh5x5 Loft Private Access5BR,5BA$0.55
University Village at 25054x44BR,4BA$0.56
The Station Raleigh3x3 - Hillsborough A3BR,3BA$0.94
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
Welcome to our luxurious apartment communityRented by the bedroom including utilities. Clos...4BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.67
Centennial Ridge Student Housing3x33BR,3BA$0.67
1820 at Centennial3x33BR,3BA$0.84
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$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 $935.

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

The cheapest apartment in Wake County is The Oaks Apartments which is listed at $899, while the average apartment in Wake County costs $2,650.

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 201 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 $457 which is $2,193 cheaper than the average rent for all rentals in Wake County.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.