Cheap Homes for Rent in Wake County, NC from $450 (204 Rentals)

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Search the lowest-cost Homes 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.

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.

property at 1911 Wolftech Ln

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

1911 Wolftech Ln, Unit 104

1911 Wolftech Ln
RaleighNC27603
property at 2120 Wolftech Ln

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

4 Bedroom, 4 Bath Condo for Rent

Available Now

2120 Wolftech Ln, Unit 204

2120 Wolftech Ln
RaleighNC27603

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.

property at 7709 Highlandview Cir

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

3 Bedroom, 3 Bath Home for Rent

Available Now

7709 Highlandview Cir

RaleighNC27613

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.

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.

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 Wake County

What type of rentals are currently available in Wake County?

There are currently 1714 Apartments for Rent in Wake County, NC with pricing that ranges from $583 to $11,131. There are also 1485 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $450 to $8,400.

What is the current price range for Rental Homes in Wake County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wake County ranges from $450 to $8,400 with an average monthly rent of $1,965.

How much are larger Three and Four Bedroom Rentals in Wake County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wake County range from $599 to $11,131, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $6,300. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $583.

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.