Cheap Apartments for Rent in Wake County, NC from $400 (616 Rentals)

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

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Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a 2 Beds unit found at Laurel Crossing Apartments in the East Raleigh neighborhood priced from $764. The Oaks Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$764
The Oaks Apartments1 Bedoom 1 Bathoom1BR,1BA$799
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
Vivo Living North WoodsStudio AStudio,1BA$899
Arbor Creek11B1BR,1BA$915
Westgrove Tower CondominiumsS1Studio,1BA$915
The Parke at Trinity Apartment HomesA11BR,1BA$949
Pullen Station LoftsStudioStudio,1BA$950

Best Value Apartments for Rent in Wake County, NC

As of July 31, 2025 the best value apartment in the Wake County area is the $1.13 price per square foot Balsam Model at Houndswood Village in the in the South Durham neighborhood starting from $2,695. The second greatest value Wake County apartment is the HONEYSUCKLE Model at Stephens Farm starting at $1,944 with a $1.08 price per square foot in the Avent Glen 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.
Houndswood VillageBalsam3BR,3.5BA$1.13
Stephens FarmHONEYSUCKLE3BR,2.5BA$1.08
The Trails of North Hills3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.10
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$0.54
Centennial Ridge Student Housing3x33BR,3BA$0.54
Village of PickwickThe Edinburgh Townhome2BR,1.5BA$1.10
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$0.66
Village Green Student Housing2BD/2BA2BR,2BA$1.06

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 $950.

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 $799, while the average apartment in Wake County costs $2,582.

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 155 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 $452 which is $2,130 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.