Cheap Homes for Rent in Wake County, NC from $500 (171 Rentals)

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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
Vivo Living North WoodsStudio AStudio,1BA$899
Arbor Creek11B1BR,1BA$915
Westgrove Tower CondominiumsS1Studio,1BA$915
The Trails of North Hills1 Bedroom 1 Bath - A1BR,1BA$937
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 30, 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
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
Northridge CrossingsThe Pullman2BR,2BA$1.16
Laurel Crossing Apartments2 Bed 2 Bath2BR,2BA$0.66
Village Green Student Housing2BD/2BA2BR,2BA$1.06

Frequently Asked Questions about Wake County

What type of rentals are currently available in Wake County?

There are currently 1607 Apartments for Rent in Wake County, NC with pricing that ranges from $470 to $9,575. There are also 1413 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $550 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 $550 to $7,995 with an average monthly rent of $2,369.

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 $649 to $9,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $4,495. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $470.

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.

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

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.