Cheap Homes for Rent in Five Points East Neighborhood of Raleigh, NC from $1,300 (4 Rentals)

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Search the lowest-cost Homes 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

Five Points East, Raleigh, NC Local Guide

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 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$2.00
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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Frequently Asked Questions about Five Points East

What type of rentals are currently available in Five Points East?

There are currently 54 Apartments for Rent in Five Points East, NC with pricing that ranges from $1,126 to $7,983. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points East ranging from $1,395 to $2,850.

What is the current price range for Rental Homes in Five Points East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points East ranges from $1,395 to $2,850 with an average monthly rent of $2,237.

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

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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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.