Cheap Student Apartments for Rent in Raleigh, NC from $400 (32 Rentals)

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Rentals in Raleigh near campus with by-the-room pricing and amenities for students.

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

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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University Commons
4 Bedroom Apartments

University Commons

1500-1521 Graduate LnRaleigh, NC 27606
Student Housing
  • Utilities Included
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University Meadows
4 Bedroom Apartments

University Meadows

1303-1305 Kent RdRaleigh, NC 27606
Student Housing
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Red Wolf Crossing
3 to 4 Bedroom Apartments

Red Wolf Crossing

10-73 Red LnRaleigh, NC 27606
Student Housing
  • Utilities Included
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University Glen
4 Bedroom Apartments

University Glen

1430-1440 Collegeview AveRaleigh, NC 27606
Student Housing
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Method Townhomes
2 to 3 Bedroom Apartments

Method Townhomes

700 Method Townes CtRaleigh, NC 27607
Student Housing
  • Utilities Included
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Signature 1505
1 to 4 Bedroom Apartments

Signature 1505

1505 Hillsborough StRaleigh, NC 27605
Student Housing
  • Utilities Included
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
  • Utilities Included
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105 Friendly Apartments
1 to 4 Bedroom Apartments

105 Friendly Apartments

105 Friendly DrRaleigh, NC 27607
Student Housing
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Campus Edge
3 Bedroom Apartments

Campus Edge

3551 Cum Laude CtRaleigh, NC 27606
Student Housing
  • Utilities Included
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Student | Uncommon Raleigh
Studio to 5 Bedroom Apartments

Student | Uncommon Raleigh

3020 Hillsborough StRaleigh, NC 27607
Student Housing
  • Utilities Included
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Lupton Flats
2 Bedroom Apartments

Lupton Flats

3801-3825 Lupton CirRaleigh, NC 27606
Student Housing
Showing Results 1-32, Page 1 of 1

Raleigh, NC Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 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 $2,408.

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 61,674 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 $534 which is $1,874 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.

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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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.

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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.

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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.