Cheap Studio Apartments for Rent in the Downtown Raleigh Neighborhood of Raleigh, NC from $875 (55 Rentals)

Westgrove Tower Condominiums

The Harrison

The District North Hills

Skyhouse Raleigh

Vivo Living North Woods

The Greens at Centennial Campus

Brookside Apartments
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

Sunnybrook Residences

Marq at Crabtree

The Apartments at St. Mary's

Jones Grant Urban Flats

The Acorn on Person Street

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

209 E Peace St

The Lincoln

The Edison Lofts Apartments

Broadstone Oak City

Sterling Glenwood Apartments

MAA Wade Park

Link Apartments® Glenwood South

Sojourn Glenwood Place

Leigh House

511 Faye

Vintage Raleigh West

Creekside at Crabtree

Forge at Raleigh Iron Works

Centennial Lofts

Residences Glenwood Place

The Devon Four25
Downtown Raleigh, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Downtown Raleigh?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Raleigh Studio Apartments | $1,415 | $875 | $4,594 |
Downtown Raleigh 1 Bedroom Apartments | $1,749 | $625 | $5,912 |
Downtown Raleigh 2 Bedroom Apartments | $2,248 | $830 | $7,044 |
Downtown Raleigh 3 Bedroom Apartments | $2,444 | $740 | $7,983 |
Downtown Raleigh 4 Bedroom Apartments | $1,169 | $450 | $2,339 |
Explore Raleigh
Downtown Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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.
Frequently Asked Questions about Cheap Downtown Raleigh Apartments
What is a cheap apartment in Downtown Raleigh?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Raleigh is under $965.
What is the price of a cheap apartment in Downtown Raleigh?
The cheapest apartment in Downtown Raleigh is Westgrove Tower Condominiums which is listed at $895, while the average apartment in Downtown Raleigh costs $3,750.
What types of apartments are the cheapest in Downtown 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 112 regular apartments in Downtown 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 Downtown Raleigh?
Cheap apartments in Downtown Raleigh have an average cost of $567 which is $3,183 cheaper than the average rent for all rentals in Downtown 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.