Cheap Homes for Rent in Wake County, NC from $500 (200 Rentals)

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

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.

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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

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 4279 The Oaks Dr

$690

Total Monthly Price

Total Monthly Price

Base Rent
$690
Total Monthly Price
$690

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

4279 The Oaks Dr

RaleighNC27606
property at 1411 Collegiate Cir

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695
Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

1411 Collegiate Cir

RaleighNC27606

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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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.

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Showing Results 1-50, Page 1 of 4

Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a 1 Bed unit found at Olde School Commons in the Sandlin Branch neighborhood priced from $709. Terrace at Rock Quarry in the East Raleigh neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $797. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Olde School CommonsOSC 1/11BR,1BA$709
Terrace at Rock QuarryTwo bedroom 30%2BR,2BA$797
Stanhope2x2 Shared2BR,2BA$845
The Grande at Granite Falls-Senior 62+ yearsTwo Bedroom2BR,1BA$875
The Parke at Trinity Apartment HomesA11BR,1BA$898
Lake Lynn Reserve ApartmentsA2 - Pelican1BR,1BA$906
Westgrove Tower CondominiumsS1Studio,1BA$915
Tree TopS1: 0 Bed 1 BathStudio,1BA$923
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$925
Laurel OaksThe Oak1BR,1BA$943

Best Value Apartments for Rent in Wake County, NC

As of July 17, 2026 the best value apartment in the Wake County area is the $0.39 price per square foot 4 Bedroom, 4.5 Bath Commons Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $905. The second greatest value Wake County apartment is the 4x4.5 Model at Redfield Villages starting at $899 with a $0.48 price per square foot in the Grove Park 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.
Redpoint Raleigh4 Bedroom, 4.5 Bath Commons4BR,4.5BA$0.39
Redfield Villages4x4.54BR,4.5BA$0.48
Stanhope4x4 Corner4BR,4BA$0.78
Village Green Student Housing4BD/4BA4BR,4BA$0.57
University Suites Student Housing3X33BR,3BA$0.58
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.50
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Centennial Village Student Housing3x33BR,3BA$0.49
Centennial Ridge Student Housing3x33BR,3BA$0.49
1820 at Centennial3x33BR,3BA$0.56

Frequently Asked Questions about Wake County

What type of rentals are currently available in Wake County?

There are currently 1689 Apartments for Rent in Wake County, NC with pricing that ranges from $574 to $11,156. There are also 1295 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $500 to $12,000.

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 $500 to $12,000 with an average monthly rent of $2,091.

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 $11,156, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $6,300. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $574.

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.