Cheap Homes for Rent in Wake County, NC from $400 (148 Rentals)

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Search the lowest-cost Homes 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.

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.

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

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.

property at 1111 Consortium Dr

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1111 Consortium Dr

RaleighNC27603
property at 1140 Carlton Ave

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

1140 Carlton Ave, Unit 102

1140 Carlton Ave
RaleighNC27606

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.

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.

Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a 1 Bed unit found at Lynnwood Park in the Lakemont neighborhood priced from $825. Stanhope in the Grove Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lynnwood ParkThe Alexander1BR,1BA$825
Stanhope2x2 Shared2BR,2BA$845
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$850
Pine Hills Apartments 55+One Bedroom Floor Plan1BR,1BA$875
The TimbersA1 One Bed One Bath1BR,1BA$890
Maxwell RaleighChelsea- Premium3BR,3BA$899
Bridges at North HillsStudioStudio,1BA$900
Lexington on the GreenA11BR,1BA$909
The GroveA1 - The Mirlen1BR,1BA$913
Westgrove Tower CondominiumsS1Studio,1BA$915

Best Value Apartments for Rent in Wake County, NC

As of March 03, 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 $995 with a $0.71 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$0.71
Welcome to our luxurious apartment community near NC State University in Raleigh, NC!A24BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.59
Centennial Ridge Student Housing3x33BR,3BA$0.59
1820 at Centennial3x33BR,3BA$0.81
Campus West at Tryon3X33BR,3BA$0.76
Village Green Student Housing2BD/2BA2BR,2BA$1.02
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89

Frequently Asked Questions about Wake County

What type of rentals are currently available in Wake County?

There are currently 1632 Apartments for Rent in Wake County, NC with pricing that ranges from $636 to $10,826. There are also 1311 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $475 to $7,995.

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 $475 to $7,995 with an average monthly rent of $1,921.

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 $719 to $8,375, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,315 to $4,800. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $785.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.