
Cheap Apartments for Rent in the Five Points East Neighborhood of Raleigh, NC from $800 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points East area of Raleigh.


The Miles

The Point

Anderson Hills

2223 Brewer St

Forge at Raleigh Iron Works

Parkside at Five Points

Brookside Apartments

Oberlin Court Apartments

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

2221 Brewer St

2205 Brewer St

2212 Bernard St
Five Points East, Raleigh, NC Local Guide

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 | $1,499 | $1,274 | $2,036 |
Five Points East 1 Bedroom Apartments | $1,969 | $1,126 | $2,734 |
Five Points East 2 Bedroom Apartments | $2,721 | $1,395 | $5,566 |
Five Points East 3 Bedroom Apartments | $4,126 | $2,367 | $7,983 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Five Points East Neighborhood of Raleigh, NC.
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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 $1,112. The Signal has the second lowest priced unit, which is a Studio apartment currently listed from $1,274. 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 | $1,112 |
The Signal | S1 | Studio,1BA | $1,274 |
The Miles | S2A | Studio,1BA | $1,297 |
The Point | S1 | Studio,1BA | $1,298 |
Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Five Points East, NC
As of March 23, 2025 the best value apartment in the Five Points East area is the $1.58 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,875. The second greatest value Five Points East apartment is the PS 2x1.5 Model at Parkside at Five Points starting at $1,408 with a $1.26 price per square foot in the Hi Mount 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 Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.58 |
Parkside at Five Points | PS 2x1.5 | 2BR,1.5BA | $1.26 |
1051 Wirewood Dr, Unit 101 | 1051 Wirewood Dr | 2BR,1.5BA | $1.89 |
Meridian at North Hills | A1.1 | 1BR,1BA | $2.64 |
Oberlin Court Apartments | A1 | Studio ,1BA | $2.00 |
Brookside Apartments | 1x1 Newly Renovated | 1BR,1BA | $1.91 |
The Mordecai on Clover | 1 BR 1 BA TOWNHOME | 1BR,1BA | $2.00 |
The Signal | A3 | 1BR,1BA | $2.63 |
Anderson Hills | The Gresham - Renovated | 1BR,1BA | $2.09 |
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $2.22 |
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Pet Friendly LifestyleFive Points East, Raleigh, NC
Ranked #98
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet 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 $1,274.
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 $1,112 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 $1,408 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 Oberlin Court Apartments and starts from $2,507.
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.

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.

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.