
Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lockwood area of Raleigh.


Room in House on Collaborative Wy

Pine Hills Apartments 55+

The Harrison

1901 Hawkins St

Northstone Apartments
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier
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 | $1,373 | $875 | $2,217 |
Lockwood 1 Bedroom Apartments | $1,509 | $577 | $4,146 |
Lockwood 2 Bedroom Apartments | $2,008 | $975 | $4,588 |
Lockwood 3 Bedroom Apartments | $2,362 | $1,693 | $5,908 |
Lockwood 4 Bedroom Apartments | $5,382 | $2,135 | $8,630 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Lockwood Neighborhood of Raleigh, NC.
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Lockwood, Raleigh, NC Local Guide
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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 $1,055. 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 | $1,055 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1,075 |
Skyhouse Raleigh | S2 | Studio,1BA | $1,112 |
The Falstaff | Cypress | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Lockwood, NC
As of April 16, 2025 the best value apartment in the Lockwood area is the $1.56 price per square foot Winchester Model at The Waverly in the in the East Raleigh neighborhood starting from $2,112. The second greatest value Lockwood apartment is the 3 Bed 2 Bath Model at Sunnybrook Pointe starting at $1,693 with a $1.32 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. |
---|---|---|---|
The Waverly | Winchester | 3BR,2BA | $1.56 |
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 |
Milner Commons | 2 Bedroom - The Evergreen | 2BR,1BA | $1.22 |
Longview Village Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.53 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1.31 |
Broadstone Oak City | A2 | 1BR,1BA | $1.74 |
Brentmoor Apartments | Oberlin | 1BR,1BA | $1.71 |
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Pet Friendly LifestyleLockwood, Raleigh, NC
Ranked #47
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
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 $1,203.
What is the price of a cheap apartment in Lockwood?
The cheapest apartment in Lockwood is The Harrison which is listed at $995, while the average apartment in Lockwood costs $5,357.
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 12 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 $403 which is $4,954 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.

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