Cheap Apartments for Rent in the Fayetteville Street Neighborhood of Raleigh, NC from $500 (45 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Fayetteville Street area of Raleigh.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
close
View Me
Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included
close
View Me
Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
  • Utilities Included
close
View Me
Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
close
View Me
Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
close
View Me
200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
  • Utilities Included

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

Read Article
close
View Me
Shamrock Apartments
1 Bedroom Apartments

Shamrock Apartments

732-736 Smallwood DrRaleigh, NC 27605
  • Utilities Included
close
View Me
The L Apartments
Studio to 2 Bedroom Apartments

The L Apartments

205 W Davie StRaleigh, NC 27601
close
View Me
The Line
Studio to 2 Bedroom Apartments

The Line

500 N West StRaleigh, NC 27603
Showing Results 1-45, Page 1 of 1

Fayetteville Street, Raleigh, NC Local Guide

Cheapest Available Fayetteville Street Apartments for Rent

 

The cheapest available apartment rental in the Fayetteville Street area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $1,125. Trails Corner Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,125. Here are the most affordable Fayetteville Street apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,125
Trails Corner ApartmentsTC 2x12BR,1BA$1,125
Shamrock ApartmentsOne Bedroom1BR,1BA$1,199
The PointS1Studio,1BA$1,217
The Acorn on Person StreetLeeStudio,1BA$1,235
The RowBirch ArbourStudio,1BA$1,250
Historic Boylan Apartments1A Gold1BR,1BA$1,275
Skyhouse RaleighA31BR,1BA$1,277
The LincolnThe Hub StudioStudio,1BA$1,280
The SignalS1Studio,1BA$1,282

Best Value Apartments for Rent in Fayetteville Street, NC

As of May 17, 2025 the best value apartment in the Fayetteville Street area is the $2.02 price per square foot Hudsen - Hargett Model at ABODE at Hargett in the in the Blount Street neighborhood starting from $3,200. The second greatest value Fayetteville Street apartment is the 201 Model at Capital Apartments starting at $1,899 with a $1.48 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Fayetteville Street apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ABODE at HargettHudsen - Hargett3BR,2.5BA$2.02
Capital Apartments2012BR,1BA$1.48
The Apartments at St. Mary'sB42BR,2BA$1.76
Wedgwood Apartments2-2.2BR,2BA$1.54
Trails Corner ApartmentsTC 2x12BR,1BA$1.13
712 Tucker712a8441BR,1BA$1.99
MAA HueRed 11BR,1BA$2.19
Cameron Court and The Shelton ApartmentsShelton1BR,1BA$2.12
Shamrock ApartmentsOne Bedroom1BR,1BA$2.05
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$2.25

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Fayetteville Street, Raleigh, NC

Ranked #31

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Fayetteville Street, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Fayetteville Street, Raleigh, and the greater Raleigh area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, apartment communities for the kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fayetteville Street Apartments

What is a cheap apartment in Fayetteville Street?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fayetteville Street is under $1,282.

What is the price of a cheap apartment in Fayetteville Street?

The cheapest apartment in Fayetteville Street is Capital Flats & Magnolia Square Apartments which is listed at $1,125, while the average apartment in Fayetteville Street costs $3,750.

What types of apartments are the cheapest in Fayetteville Street?

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 9 regular apartments in Fayetteville Street 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 Fayetteville Street?

Cheap apartments in Fayetteville Street have an average cost of $146 which is $3,604 cheaper than the average rent for all rentals in Fayetteville Street.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.