Cheap Apartments for Rent in Wake County, NC from $400 (624 Rentals)

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

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.

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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 2 Beds unit found at Milner Commons in the Oakwood neighborhood priced from $575. Laurel Crossing Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $764. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Milner Commons2 Bedroom - The Evergreen2BR,1BA$575
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$764
Stone Glen2 Bed 1 Bath2BR,1BA$820
Duraleigh WoodsAmberton 1x11BR,1BA$837
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
The TimbersA1 One Bed One Bath1BR,1BA$878
The Parke at Trinity Apartment HomesA11BR,1BA$891

Best Value Apartments for Rent in Wake County, NC

As of January 09, 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 $975 with a $0.70 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$0.70
3770 Pardue Woods Pl, Unit 3013770 Pardue Woods Pl3BR,3BA$0.48
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Ridge Student Housing3x33BR,3BA$0.58
Centennial Village Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.79
Campus West at Tryon3X33BR,3BA$0.78
Milner Commons2 Bedroom - The Evergreen2BR,1BA$0.58
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 $891.

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

The cheapest apartment in Wake County is Duraleigh Woods which is listed at $837, while the average apartment in Wake County costs $1,920.

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 416 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 $500 which is $1,420 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 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.

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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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!