Cheap Apartments for Rent in Raleigh, NC from $400 (568 Rentals)

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

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2100 Wolf Tech Ln
$4504 Bedroom, 4 Bath RentalsAvailable Now

2100 Wolf Tech Ln

Raleigh, NC 27603
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1241 University Ct
$7001 Bedroom, 1 Bath RentalsAvailable Now

1241 University Ct

Raleigh, NC 27606
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1331 Crab Orchard Dr
$7001 Bedroom, 1 Bath RentalsAvailable Now

1331 Crab Orchard Dr

Raleigh, NC 27606
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1230 University Ct
$8501 Bedroom, 1 Bath RentalsAvailable Now

1230 University Ct

Raleigh, NC 27606
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401 Coalinga Lane
$8611 Bedroom, 1 Bath RentalsAvailable Now

401 Coalinga Lane

Raleigh, NC 27610
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Raleigh, NC Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Raleigh, NC

Pricing Updated: 02/12/2025

Current apartment rentals in the Raleigh, NC area range in price from $450 to $8,805 with an overall median price of $2,321. The three Raleigh neighborhoods with the lowest median rent pricing are Oakwood Park at $870, Belle Aire Acres at $675, and Bunn Lake Estates at $675. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oakwood Park$1,147$87048
Belle Aire Acres$1,260$675290
Bunn Lake Estates$1,260$675290
Hempstede$1,260$675290
Judd Saint Estates$1,260$675290
Stephenson$1,372$99516
Hunters Crossing$1,395$6822688
University Suites$1,503$4503243
Trailside Commons$1,541$4503513
Trailwood$1,552$4503160

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a 4 Beds unit found at The Wilde in the Lakeside neighborhood priced from $735. Arbor Creek in the Lakeside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
Arbor Creek11A1BR,1BA$840
Welcome to our luxurious apartment communityA34BR,4BA$845
Vivo Living North WoodsStudio AStudio,1BA$849
The Oaks Apartments1 Bedroom 1 bath1BR,1BA$859
Westgrove Tower CondominiumsS1Studio,1BA$895
1820 at Centennial4x44BR,4BA$900
Autumn RidgeSassafras1BR,1BA$935

Best Value Apartments for Rent in Raleigh, NC

As of February 13, 2025 the best value apartment in the Raleigh area is the $0.64 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $930. The second greatest value Raleigh apartment is the A3 Model at Welcome to our luxurious apartment community starting at $845 with a $0.60 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.64
Welcome to our luxurious apartment communityA34BR,4BA$0.60
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.46
Centennial Ridge Student Housing3x33BR,3BA$0.58
Centennial Village Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.83
Campus Edge2x2 Platinum2BR,2BA$0.97
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95

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Raleigh Overview

The capital city of the great state of North Carolina and a jewel of the east coast, Raleigh is one of the fastest-growing destinations in the entire nation. Taking its name from Sir Walter Raleigh and acting as home to a number of prestigious universities, Raleigh's effortless mix of southern charm and big city convenience meld to create a truly one-of-a-kind city. A wide variety of options for Raleigh apartments in neighborhoods all over the area make this city a wonderful place to move to.

Why live in Raleigh, NC?

From the nightlife excitement that lines the downtown scene to the large number of world-class eateries and art galleries, Raleigh has been a gem of North Carolina for decades. It's no coincidence that this dynamic and on-the-move destination boasts the title of state capital, effortlessly blending historic architecture with modern convenience. Raleigh has consistently made the list of 'best places to live' by a wide swath of distinguished media, including #1 by Businessweek and #3 by Forbes.

Raleigh, NC
Population: 469,298

Ranked #41

in US Census Population by City

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Pet Friendly Lifestyle
Raleigh, NC

Ranked #2

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Raleigh, NC Rentals by Map

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See the most popular apartments and homes in Raleigh, NC

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Getting Around Raleigh, NC

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Raleigh Apartments

What is the Cheapest Studio apartment in Raleigh?

Currently the most affordable Cheap Studio Apartment in Raleigh is at Vivo Living North Woods listed at $849.

How much is rent for a Cheap One Bedroom Raleigh Apartment?

The lowest price for a Cheap One Bedroom Raleigh Apartment is $840 at Arbor Creek.

What is the lowest price for a Cheap Two Bedroom Raleigh Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Raleigh is starting from $880 at The Wilde.

What is the most affordable Raleigh Three Bedroom Apartment?

The best deal on a cheap Raleigh Three Bedroom Apartment rental is at The Wilde and starts from $820.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.