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Pine Hills Apartments 55+
1650 Royal Pines DrRaleigh, NC 27610
Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lockwood area of Raleigh.
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Rent Specials
from $960Studio to 1 Bedroom Apartments Available Now
The Harrison
2717 Capital BlvdRaleigh, NC 27604
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1908 Hawkins St
RaleighNC27610
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Rent Specials
from $1,059Studio to 3 Bedroom Apartments Available Now
Skyhouse Raleigh
308 S Blount StRaleigh, NC 27601
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from $1,0751 to 2 Bedroom Apartments Available Now
Northstone Apartments
4000-4061 Northstone DrRaleigh, NC 27604
912 S Bloodworth St
RaleighNC27601
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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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Showing Results 1-27, Page 1 of 1
Lockwood, Raleigh, NC Local Guide
How much does it cost to rent an apartment in Lockwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lockwood Studio Apartments | $1,305 | $875 | $2,307 |
| Lockwood 1 Bedroom Apartments | $1,528 | $850 | $4,146 |
| Lockwood 2 Bedroom Apartments | $1,998 | $975 | $4,588 |
| Lockwood 3 Bedroom Apartments | $2,352 | $1,603 | $5,426 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Lockwood Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
Lockwood, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
- Nearby Cities
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Cheapest Available Lockwood Apartments for Rent
The cheapest available apartment rental in the Lockwood area of Raleigh, NC is a Studio unit found at The Harrison priced from $960. The Waverly has the second lowest priced unit, which is a 1 Bed apartment currently listed from $974. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Harrison | Studio B | Studio,1BA | $960 |
| The Waverly | Berkely | 1BR,1BA | $974 |
| Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,112 |
| Brentmoor Apartments | Oberlin | 1BR,1BA | $1,125 |
| Pines of Ashton | Aspen | 1BR,1BA | $1,150 |
| Skyhouse Raleigh | S1 | Studio,1BA | $1,169 |
| The Falstaff | Cypress | Studio,1BA | $1,199 |
| Milner Commons | 2 Bedroom - The Evergreen | 2BR,1BA | $1,200 |
| Infinity Six Forks | The Belmont | 1BR,1BA | $1,214 |
| The Acorn on Person Street | Lee | Studio,1BA | $1,255 |
Best Value Apartments for Rent in Lockwood, NC
As of March 25, 2025 the best value apartment in the Lockwood area is the $1.67 price per square foot Cask Model at Cortland Midtown East in the in the Lakemont neighborhood starting from $2,346. The second greatest value Lockwood apartment is the 4240 Beacon Crest Way Model at 4240 Beacon Crest Way starting at $1,755 with a $1.28 price per square foot in the East Raleigh neighborhood. Here is today’s list of the best values for Lockwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cortland Midtown East | Cask | 3BR,3BA | $1.67 |
| 4240 Beacon Crest Way | 4240 Beacon Crest Way | 3BR,2.5BA | $1.28 |
| Sunnybrook Pointe | 3 Bed 2 Bath | 3BR,2BA | $1.32 |
| Capital Apartments | 201 | 1BR,1BA | $1.49 |
| 1401 Coopershill Drive | 2 Bed 2 Bath | 2BR,2BA | $1.66 |
| Parkside at Five Points | PS 2x1.5 | 2BR,1.5BA | $1.26 |
| Northstone Apartments | 2BR/2BA | 2BR,2BA | $1.27 |
| The Waverly | Windsor | 2BR,2BA | $1.33 |
| Milner Commons | 2 Bedroom - The Evergreen | 2BR,1BA | $1.22 |
| Longview Village Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.53 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleLockwood, Raleigh, NC
Ranked #60
Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lockwood, Raleigh, NC
School data provided by Great Schools
Best Local Schools in Lockwood, Raleigh, NC
School data provided by Great Schools
Lifestyle Ratings
This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Raleigh, North Carolina. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, features that make it easier to raise kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Lockwood Apartments
What is a cheap apartment in Lockwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lockwood is under $1,255.
What is the price of a cheap apartment in Lockwood?
The cheapest apartment in Lockwood is The Waverly which is listed at $974, while the average apartment in Lockwood costs $3,750.
What types of apartments are the cheapest in Lockwood?
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 305 regular apartments in Lockwood 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 Lockwood?
Cheap apartments in Lockwood have an average cost of $423 which is $3,327 cheaper than the average rent for all rentals in Lockwood.
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.
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.
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.
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.