Cheap Apartments for Rent in the Five Points East Neighborhood of Raleigh, NC from $800 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points East area of Raleigh.

Raleigh's Best Affordable Neighborhoods

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

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Five Point Cottages
2 Bedroom Apartments

Five Point Cottages

2201-2223 Brewer StRaleigh, NC 27608
  • Utilities Included
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1422 Scales St
2 Bedroom Apartments

1422 Scales St

1422 Scales StRaleigh, NC 27608
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Five Points East, Raleigh, NC Local Guide

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 ListingModel NameBed/BathPriced From
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,112
The SignalS1Studio,1BA$1,274
Anderson HillsThe Gresham - Renovated1BR,1BA$1,295
The MilesS2AStudio,1BA$1,297
The PointS1Studio,1BA$1,298

Best Value Apartments for Rent in Five Points East, NC

As of March 27, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.58
Parkside at Five PointsPS 2x1.52BR,1.5BA$1.26
1051 Wirewood Dr, Unit 1011051 Wirewood Dr2BR,1.5BA$1.89
Meridian at North HillsA1.11BR,1BA$2.64
Oberlin Court ApartmentsA1Studio ,1BA$2.04
Brookside Apartments1x1 Newly Renovated1BR,1BA$1.91
The Mordecai on Clover1 BR 1 BA TOWNHOME1BR,1BA$2.00
The SignalA31BR,1BA$2.63
Anderson HillsThe Gresham - Renovated1BR,1BA$2.09
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$2.22

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Pet Friendly Lifestyle
Five Points East, Raleigh, NC

Ranked #97

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

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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

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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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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.