Cheap Apartments for Rent in the Lakeside Neighborhood of Raleigh, NC from $400 (25 Rentals)

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

Lakeside

Named as one of the Best Affordable Neighborhoods to rent in Raleigh by our , Local Expert Chris Munier. See how it ranks!

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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

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Kensington Park
1 to 4 Bedroom Apartments

Kensington Park

2800-2842 Avent Ferry RdRaleigh, NC 27606
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
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Gorman Place
2 to 4 Bedroom Apartments

Gorman Place

1810-1826 Gorman StRaleigh, NC 27606
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Showing Results 1-25, Page 1 of 1

Lakeside, Raleigh, NC Local Guide

Cheapest Available Lakeside Apartments for Rent

 

The cheapest available apartment rental in the Lakeside area of Raleigh, NC is a 4 Beds unit found at The Wilde priced from $735. 1820 at Centennial has the second lowest priced unit, which is a 4 Beds apartment currently listed from $900. Here are the most affordable Lakeside apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
1820 at Centennial4x44BR,4BA$900
Arbor Creek11A1BR,1BA$935
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,042
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050

Best Value Apartments for Rent in Lakeside, NC

As of April 13, 2025 the best value apartment in the Lakeside area is the $0.57 price per square foot 1 bd and 1 bath Student Model at Student Housing - Gorman Parkwood in the in the Lakeside neighborhood starting from $725. The second greatest value Lakeside apartment is the Dartmouth I Model at Remington Place starting at $1,576 with a $1.26 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Lakeside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Remington PlaceDartmouth I2BR,2BA$1.26
Centennial Village Student Housing3x33BR,3BA$0.58
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.84
Walnut Creek ApartmentsTwo Bedroom 1.5 Bathroom Townhome2BR,1.5BA$1.25
Campus Edge2x2 Platinum2BR,2BA$0.99
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95
Parkwood Village Apartments1 Bedroom1BR,1BA$1.24
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1.29

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Pet Friendly Lifestyle
Lakeside, Raleigh, NC

Ranked #81

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lakeside, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Southwestern Raleigh, NC. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lakeside Apartments

What is the price of a cheap apartment in Lakeside?

The cheapest apartment in Lakeside is Arbor Creek which is listed at $935, while the average apartment in Lakeside costs $12,410.

What types of apartments are the cheapest in Lakeside?

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 21 regular apartments in Lakeside 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 Lakeside?

Cheap apartments in Lakeside have an average cost of $432 which is $11,978 cheaper than the average rent for all rentals in Lakeside.

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.

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

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.

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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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.