Cheap Apartments for Rent in the Lake Johnson Neighborhood of Raleigh, NC from $600 (5 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Johnson area of Raleigh.

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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included

Raleigh's Best Affordable Neighborhoods

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

Lake Johnson, Raleigh, NC Local Guide

Cheapest Available Lake Johnson Apartments for Rent

 

The cheapest available apartment rental in the Lake Johnson area of Raleigh, NC is a 4 Beds unit found at The Wilde priced from $735. Remington Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,130. Here are the most affordable Lake Johnson apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
Remington PlaceFairfield I1BR,1BA$1,130
The Arden Apartments0a: StudioStudio,1BA$1,139

Best Value Apartments for Rent in Lake Johnson, NC

As of March 22, 2025 the best value apartment in the Lake Johnson area is the $1.34 price per square foot A2R Model at AXIS Crossroads in the in the Lakeside neighborhood starting from $1,272. The second greatest value Lake Johnson apartment is the The Roanoke Model at The Enclave at Crossroads starting at $1,190 with a $1.33 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Lake Johnson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
AXIS CrossroadsA2R1BR,1BA$1.34
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.33
Remington PlaceFairfield I1BR,1BA$1.30
Brook Hill TownhouseSilver Birch2BR,1.5BA$1.69
Centerview at CrossroadsSydney1BR,1BA$1.85
Allora PinesA11BR,1BA$1.67
Wildwoods Of Lake Johnson1A1BR,1BA$1.68
District at 54A11BR,1BA$2.32
Bell Jones FranklinA1A1BR,1BA$2.28
The Arden Apartments0a: StudioStudio ,1BA$2.10

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Pet Friendly Lifestyle
Lake Johnson, Raleigh, NC

Ranked #118

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Lake Johnson Neighborhood in Raleigh, NC

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Lake Johnson Apartments

What is a cheap apartment in Lake Johnson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Johnson is under $1,333.

What is the price of a cheap apartment in Lake Johnson?

The cheapest apartment in Lake Johnson is Remington Place which is listed at $1,130, while the average apartment in Lake Johnson costs $2,056.

What types of apartments are the cheapest in Lake Johnson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 156 regular apartments in Lake Johnson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lake Johnson?

Cheap apartments in Lake Johnson have an average cost of $440 which is $1,616 cheaper than the average rent for all rentals in Lake Johnson.

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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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

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