
Cheap New Apartments for Rent in Raleigh, NC from $400 (147 Rentals)Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Raleigh.


Palisades of Wake Forest

Residences at Shiloh Crossing

Alexander Crossing

Elevate White Oak

Aviation Crossing Apartments

Treeline Timber Creek

Avalon Perimeter Park

Elevate Riverview

Plat 4 at Research Triangle

Alta Wren

Ashby at Twin Lakes

Parkstone at Knightdale

Town Station

Meridian at Harrison Pointe

Abberly Solaire Apartment Homes

Marquis Ellis Crossing

The Pace at Holding Village

LC Brier Creek

Stallings Mill Apartment Homes

Element at The Grove

District Station

Village Gate Apartments at Knightdale

Meridian at Rogers Branch

Brea Wendell Falls

The Cottages at Knightdale Station

Bluebird on Seventy

Broadstone Trailside

Alta Davis

Hawthorne at Traditions

NOVEL Morrisville by Crescent Communities

The Lofts at Knightdale Station

Hawthorne at the Forest

Legacy Wake Forest Apartments

Candour House

The Reserve at White Oak

Fox Crossing Luxury Apartments

Ascend Brightleaf Apartments

The Slater

The Lawson of Knightdale

Brizo

Legacy Heritage

The Lindley at Grove 98

MAA Nixie

Lionsgate Townhomes

The Grande at Granite Falls-Senior 62+ years
Raleigh, NC Local Guide

How much does it cost to rent an apartment in Raleigh?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Raleigh Studio Apartments | $1,449 | $875 | $4,594 |
Raleigh 1 Bedroom Apartments | $1,608 | $450 | $5,943 |
Raleigh 2 Bedroom Apartments | $1,979 | $540 | $8,972 |
Raleigh 3 Bedroom Apartments | $2,325 | $635 | $7,983 |
Raleigh 4 Bedroom Apartments | $1,452 | $450 | $3,000 |
Raleigh 5 Bedroom Apartments | $3,176 | $2,777 | $3,750 |
Explore Raleigh
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 a cheap apartment in Raleigh?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Raleigh is under $635.
What is the price of a cheap apartment in Raleigh?
The cheapest apartment in Raleigh is 5230 Meryton Park Way which is listed at $495, while the average apartment in Raleigh costs $2,410.
What types of apartments are the cheapest in Raleigh?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,210 regular apartments in Raleigh that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Raleigh?
Cheap apartments in Raleigh have an average cost of $514 which is $1,896 cheaper than the average rent for all rentals in Raleigh.
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.

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.