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Cheap Apartments for Rent in the Five Points East Neighborhood of Raleigh, NC from $800 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points East area of Raleigh.
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The Miles
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Brookside Apartments
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The Point
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Forge at Raleigh Iron Works
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The Signal
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Oberlin Court Apartments
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Meridian at North Hills
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Parkside at Five Points
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Solis Hills
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier
Five Points East, Raleigh, NC Local Guide
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How much does it cost to rent an apartment in Five Points East?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Five Points East Studio Apartments | $1,495 | $1,290 | $2,046 |
Five Points East 1 Bedroom Apartments | $1,933 | $1,126 | $2,734 |
Five Points East 2 Bedroom Apartments | $2,620 | $1,421 | $4,646 |
Five Points East 3 Bedroom Apartments | $3,962 | $2,347 | $6,000 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the Five Points East Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
Five Points East, Raleigh, NC Local Guide
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Cheapest Available Five Points East Apartments for Rent
 The cheapest available apartment rental in the Five Points East area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $1,115. The Signal has the second lowest priced unit, which is a Studio apartment currently listed from $1,290. Here are the most affordable Five Points East apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,115 |
The Signal | S1 | Studio,1BA | $1,290 |
The Miles | S2A | Studio,1BA | $1,297 |
Brookside Apartments | Studio Newly Renovated | Studio,1BA | $1,325 |
Oberlin Court Apartments | B1 | 1BR,1BA | $1,355 |
Best Value Apartments for Rent in Five Points East, NC
As of February 27, 2025 the best value apartment in the Five Points East area is the $2.73 price per square foot C1 Townhome Model at The Signal in the in the Blount Street neighborhood starting from $5,197. The second greatest value Five Points East apartment is the B3 Model at The Point starting at $4,520 with a $3.21 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Five Points East apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Signal | C1 Townhome | 3BR,3BA | $2.73 |
The Point | B3 | 2BR,2BA | $3.21 |
Parkside at Five Points | PS 2x1.5 | 2BR,1.5BA | $1.27 |
Anderson Hills | The Fairfield - Renovated | 1BR,1BA | $1.67 |
Meridian at North Hills | A3 | 1BR,1BA | $2.52 |
Oberlin Court Apartments | A1 | Studio ,1BA | $2.03 |
Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $2.12 |
Solis Hills | S1 | Studio ,1BA | $3.06 |
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $2.23 |
Forge at Raleigh Iron Works | S1 - Studio | Studio ,1BA | $3.26 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleFive Points East, Raleigh, NC
Ranked #114
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Five Points East Apartments
What is the Cheapest Studio apartment in Five Points East?
Currently the most affordable Cheap Studio Apartment in Five Points East is at The Signal listed at $1,290.
How much is rent for a Cheap One Bedroom Five Points East Apartment?
The lowest price for a Cheap One Bedroom Five Points East Apartment is $1,115 at Capital Flats & Magnolia Square Apartments.
What is the lowest price for a Cheap Two Bedroom Five Points East Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points East is starting from $1,421 at Parkside at Five Points.
What is the most affordable Five Points East Three Bedroom Apartment?
The best deal on a cheap Five Points East Three Bedroom Apartment rental is at Solis Hills and starts from $2,850.
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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How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.