close
View Me
Rent Specials
from $1,200Studio to 2 Bedroom Apartments Available Now
Jones Grant Urban Flats
1040 Wake Towne DrRaleigh, NC 27609
Cheap Apartments for Rent in the Five Points Neighborhood of Raleigh, NC from $700 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Raleigh.
2112 Ruark Ct
RaleighNC27608
528 Wade Ave, Unit A
528 Wade Ave
RaleighNC27605
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.
close
View Me
from $1,325Studio to 2 Bedroom Apartments Available Now
Brookside Apartments
1406 Brookside DrRaleigh, NC 27604
close
View Me
from $1,3951 to 2 Bedroom Apartments Available Now
Anderson Hills
231 Calibre Chase DrRaleigh, NC 27609
close
View Me
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.
close
View Me
from $1,433Studio to 2 Bedroom Apartments Available Now
Forge at Raleigh Iron Works
2221 Iron Works DrRaleigh, NC 27604
close
View Me
Rent Specials
from $1,479Studio to 2 Bedroom Apartments Available Now
Camden Village District
1906 Clark AveRaleigh, NC 27605
close
View Me
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.
close
View Me
close
View Me
close
View Me
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier
close
View Me
close
View Me
Showing Results 1-14, Page 1 of 1
Five Points, Raleigh, NC Local Guide
How much does it cost to rent an apartment in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $1,621 | $1,200 | $2,125 |
| Five Points 1 Bedroom Apartments | $2,045 | $1,130 | $3,009 |
| Five Points 2 Bedroom Apartments | $3,009 | $1,230 | $4,277 |
| Five Points 3 Bedroom Apartments | $3,966 | $3,524 | $7,515 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
Five Points, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Five Points Apartments for Rent
The cheapest available apartment rental in the Five Points area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $1,125. Brookside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable Five Points apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,125 |
| Brookside Apartments | Studio Newly Renovated | Studio,1BA | $1,325 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $1,395 |
| Mira | S1 | Studio,1BA | $1,430 |
| Forge at Raleigh Iron Works | S1 - Studio | Studio,1BA | $1,433 |
Best Value Apartments for Rent in Five Points, NC
As of May 13, 2025 the best value apartment in the Five Points area is the $1.56 price per square foot 2x2.5 townhm Model at The Townes at Bishops Park in the in the Blount Street neighborhood starting from $1,850. The second greatest value Five Points apartment is the A2 Model at Jones Grant Urban Flats starting at $1,596 with a $1.81 price per square foot in the Lakemont neighborhood. Here is today’s list of the best values for Five Points 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 | $1.56 |
| Jones Grant Urban Flats | A2 | 1BR,1BA | $1.81 |
| Meridian at North Hills | A1.1 | 1BR,1BA | $2.50 |
| Mira | A1 | 1BR,1BA | $2.73 |
| Brookside Apartments | Studio Newly Renovated | Studio ,1BA | $2.12 |
| Anderson Hills | The Gresham - Renovated | 1BR,1BA | $2.25 |
| Solis Hills | S1 | Studio ,1BA | $3.06 |
| Camden Village District | S3 | Studio ,1BA | $2.75 |
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $2.25 |
| Forge at Raleigh Iron Works | S1 - Studio | Studio ,1BA | $3.26 |
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.
Let everyone know!
Do you know the Five Points area?
If you’re an expert on all things Five Points, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleFive Points, Raleigh, NC
Ranked #125
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Five Points Neighborhood in Raleigh, NC
Walk Score®
57 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
41 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Five Points Apartments
What is the Cheapest Studio apartment in Five Points?
Currently the most affordable Cheap Studio Apartment in Five Points is at Brookside Apartments listed at $1,325.
How much is rent for a Cheap One Bedroom Five Points Apartment?
The lowest price for a Cheap One Bedroom Five Points Apartment is $1,125 at Capital Flats & Magnolia Square Apartments.
What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $1,570 at Anderson Hills.
What is the most affordable Five Points Three Bedroom Apartment?
The best deal on a cheap Five Points Three Bedroom Apartment rental is at Meridian at North Hills and starts from $3,524.
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.
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.
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.
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.