
Cheap Homes for Rent in Downtown Raleigh Neighborhood of Raleigh, NC from $500 (61 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Raleigh area of Raleigh.


2021 Wolf Tech Ln

Room in Duplex on Bragg St

2011 Wolfmill Dr

2002 Technology Woods Dr

3000 Centennial Woods Dr

1411 Collegiate Cir, Unit 102

Room in Townhome on Barrymore St

Room in House on Rock Quarry Rd

1911 Wolftech Ln, Unit 104
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2011 Wolfmill Dr, Unit 104

Room in Condo on University Ct

1430 Collegeview Ave

1321 Crab Orchard Dr

1501 Graduate Ln

Room in House on Collaborative Wy

Room in Apartment on Crab Orchard Dr

Room in House on Henslowe Dr

Room in Townhome on Switch St

Room in Townhome on Altha St
Downtown Raleigh - One of the Best Affordable Neighborhoods in Raleigh
Named as one of the Best Affordable Neighborhoods to rent in Raleigh by our , Local Expert Chris Munier. See how it ranks!

1411 Collegiate Cir

1241 University Ct

Room in Condo on Crab Orchard Dr

1321 Crab Orchard Dr

3710 Pardue Woods Pl

Room in Townhome on Switch St

Room in House on Okelly St

Room in House on Killian Ct

Room in Townhome on Warm Springs Ln

Room in Condo on Wolfmill Dr
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

3710 Pardue Woods Pl, Unit 203

3710 Pardue Woods Pl, Unit 203-Room1

Room in Duplex on Pineland Cir

1401 Collegiate Cir

1422 Pineview Dr, Unit B

314 Martin Luther King Jr Blvd

Room in Condo on Collegiate Cir

Room in Townhome on Macedonia Lake Dr

Room in Condo on Myron Dr

600 Coleman St

663 Coleman St

4620 Centrebrook Cir

3520 Ivy Commons Dr

3537 Ivy Commons Dr, Unit 201

3513 Ivy Commons Dr

202 Selwyn Alley

202 Selwyn Aly

3500 Ivy Commons Dr

3515 Ivy Commons Dr

1311 Park Glen Dr
Downtown Raleigh, Raleigh, NC Local Guide

How much does it cost to rent a home in Downtown Raleigh?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Raleigh 2 Bedroom Homes for Rent | $1,759 | $1,245 | $3,500 |
Downtown Raleigh 3 Bedroom Homes for Rent | $2,200 | $725 | $4,500 |
Downtown Raleigh 4 Bedroom Homes for Rent | $2,728 | $595 | $4,500 |
Downtown Raleigh 5 Bedroom Homes for Rent | $2,850 | $2,400 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Downtown Raleigh Neighborhood of Raleigh, NC.
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Downtown Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Wilde | D1 | 4BR,4BA | $735 |
Westgrove Tower Condominiums | S1 | Studio,1BA | $895 |
1820 at Centennial | 4x4 | 4BR,4BA | $900 |
Vivo Living North Woods | Studio A | Studio,1BA | $905 |
Montecito | One Bedroom | 1BR,1BA | $940 |
1105 Flats at North Hills | A1 | 1BR,1BA | $945 |
Pullen Station Lofts | Studio | Studio,1BA | $950 |
The Harrison | Studio B | Studio,1BA | $960 |
Best Value Apartments for Rent in Downtown Raleigh, NC
As of April 29, 2025 the best value apartment in the Downtown Raleigh area is the $0.60 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $869. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
University Village at 2505 | 4x4 | 4BR,4BA | $0.60 |
Yugo Raleigh Logan | 4 Bed, 4 Bath Plus | 4BR,4BA | $0.88 |
Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.57 |
Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.58 |
Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.58 |
1820 at Centennial | 3x3 | 3BR,3BA | $0.84 |
Campus Edge | 2x2 Platinum | 2BR,2BA | $0.99 |
Village Green Student Housing | 2BD/2BA | 2BR,2BA | $1.06 |
Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
Campus Crossings at Raleigh | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.95 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Raleigh
What type of rentals are currently available in Downtown Raleigh?
There are currently 852 Apartments for Rent in Downtown Raleigh, NC with pricing that ranges from $577 to $7,515. There are also 284 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Raleigh ranging from $560 to $4,500.
What is the current price range for Rental Homes in Downtown Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Raleigh ranges from $560 to $4,500 with an average monthly rent of $1,932.
How much are larger Three and Four Bedroom Rentals in Downtown Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Raleigh range from $740 to $7,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $4,500. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $590.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.