Cheap Apartments for Rent in Raleigh, NC from $400 (610 Rentals)

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property at 2100 Wolf Tech Ln

2100 Wolf Tech Ln

RaleighNC27603

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Raleigh, NC Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Raleigh, NC

Pricing Updated: 03/18/2025

Current apartment rentals in the Raleigh, NC area range in price from $209 to $7,983 with an overall median price of $2,384. The three Raleigh neighborhoods with the lowest median rent pricing are Belle Aire Acres at $1,130, Bunn Lake Estates at $1,130, and Hempstede at $1,130. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Raleigh Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Belle Aire Acres$1,260$1,130210
Bunn Lake Estates$1,260$1,130210
Hempstede$1,260$1,130210
Judd Saint Estates$1,260$1,130210
Stephenson$1,395$99556
Oakwood Park$1,399$1,39925
Hunters Crossing$1,485$7352287
Manchester$1,685$2093251
Trailwood$1,695$4172692
Sussex Place$1,715$8578523

Cheapest Available Raleigh Apartments for Rent

 

The cheapest available apartment rental in Raleigh, NC is a 1 Bed unit found at Brookefield Apartments in the Northridge Trace neighborhood priced from $129. Hawthorne Davis Park in the South Durham neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $238. Here is today’s list of the most affordable Raleigh apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brookefield ApartmentsPullen1BR,1BA$129
Hawthorne Davis ParkViolet3BR,2BA$238
The Ninety NineC1.1-Bell3BR,2BA$417
5230 Meryton Park Way5230 Meryton Park Way1BR,1BA$520
3243 Warm Springs Ln3243 Warm Springs Ln1BR,1BA$550
909 Bragg St909 Bragg St1BR,1BA$577
3052 Castle Loch Ln3052 Castle Loch Ln1BR,1BA$599
4730 Altha St4730 Altha St1BR,1BA$607
3525 Sugarplum Rd3525 Sugarplum Rd1BR,1BA$625
3812 Oak Park Rd3812 Oak Park Rd1BR,1BA$625

Best Value Apartments for Rent in Raleigh, NC

As of March 18, 2025 the best value apartment in the Raleigh area is the $0.27 price per square foot 108 Gunderson Ln Model at 108 Gunderson Ln in the in the Southern Trace neighborhood starting from $850. The second greatest value Raleigh apartment is the 1304 Buckingham Rd Model at 1304 Buckingham Rd starting at $650 with a $0.22 price per square foot in the Sandlin Branch 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.
108 Gunderson Ln108 Gunderson Ln1BR,1BA$0.27
1304 Buckingham Rd1304 Buckingham Rd1BR,1BA$0.22
1500 Justice Union Ct1500 Justice Union Ct1BR,1BA$0.28
3525 Sugarplum Rd3525 Sugarplum Rd1BR,1BA$0.24
6827 Glacis Ct6827 Glacis Ct1BR,1BA$0.25
729 Moonbeam Dr729 Moonbeam Dr1BR,1BA$0.27
3812 Oak Park Rd3812 Oak Park Rd1BR,1BA$0.25
3052 Castle Loch Ln3052 Castle Loch Ln1BR,1BA$0.25
3508 Dragonfly River Ct3508 Dragonfly River Ct1BR,1BA$0.28
5230 Meryton Park Way5230 Meryton Park Way1BR,1BA$0.28

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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.

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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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

2.5
Pet Friendly

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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 Milner Commons listed at $875.

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

The lowest price for a Cheap One Bedroom Raleigh Apartment is $129 at Brookefield Apartments.

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 Hawthorne Davis Park and starts from $238.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.