Cheap Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $400 (231 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Raleigh area of 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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Downtown Raleigh

Named as one of the Best Affordable Neighborhoods to rent in Raleigh by our , Local Expert Chris Munier. See how it ranks!

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property at 2300 Myron Dr

2300 Myron Dr

RaleighNC27607
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Downtown Raleigh, Raleigh, NC Local Guide

Cheapest Available Downtown Raleigh Apartments for Rent

 

The cheapest available apartment rental in the Downtown Raleigh area of Raleigh, NC is a 4 Beds unit found at The Wilde priced from $735. Westgrove Tower Condominiums has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
Westgrove Tower CondominiumsS1Studio,1BA$895
1820 at Centennial4x44BR,4BA$900
The Trails of North Hills1 Bedroom 1 Bath - A1BR,1BA$925
MontecitoOne Bedroom1BR,1BA$940
Pullen Station LoftsStudioStudio,1BA$950
The HarrisonStudio AStudio,1BA$960
Vivo Living RaleighThe Glenwood1BR,1BA$971

Best Value Apartments for Rent in Downtown Raleigh, NC

As of March 01, 2025 the best value apartment in the Downtown 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 Downtown Raleigh apartment is the 4 Bed, 4 Bath Plus Model at Yugo Raleigh Logan starting at $1,179 with a $0.88 price per square foot in the Cameron Park neighborhood. Here is today’s list of the best values for Downtown Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.64
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$0.84
Trails Corner ApartmentsTC 2x12BR,1BA$1.13
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95

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Pet Friendly Lifestyle
Downtown Raleigh, Raleigh, NC

Ranked #2

Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Raleigh, Raleigh, NC

School data provided by Great Schools

Best Local Schools in
Downtown Raleigh, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across North Carolina including Downtown Raleigh, Raleigh, and the greater Raleigh area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Raleigh Apartments

What is the Cheapest Studio apartment in Downtown Raleigh?

Currently the most affordable Cheap Studio Apartment in Downtown Raleigh is at Westgrove Tower Condominiums listed at $895.

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

The lowest price for a Cheap One Bedroom Downtown Raleigh Apartment is $925 at The Trails of North Hills.

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

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

What is the most affordable Downtown Raleigh Three Bedroom Apartment?

The best deal on a cheap Downtown 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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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.