
Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lockwood area of Raleigh.


The Harrison

1908 Hawkins St

Skyhouse Raleigh

Northstone Apartments

912 S Bloodworth St
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 | $1,314 | $875 | $2,266 |
Lockwood 1 Bedroom Apartments | $1,513 | $850 | $4,006 |
Lockwood 2 Bedroom Apartments | $1,945 | $975 | $4,588 |
Lockwood 3 Bedroom Apartments | $2,372 | $1,693 | $5,426 |
Browse Apartments in this Neighborhood
There are currently 26 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 1 Bed unit found at 909 Bragg St priced from $577. 218 Heck St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Lockwood apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
909 Bragg St | 909 Bragg St | 1BR,1BA | $577 |
218 Heck St | 218 Heck St | 1BR,1BA | $850 |
Milner Commons | Studio - The Willow | Studio,1BA | $875 |
The Harrison | Studio B | Studio,1BA | $960 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1,075 |
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,112 |
The Waverly | Edinburgh | 1BR,1BA | $1,139 |
Pines of Ashton | Aspen | 1BR,1BA | $1,150 |
The Lincoln | The Hub Studio | Studio,1BA | $1,152 |
Skyhouse Raleigh | S1 | Studio,1BA | $1,169 |
Best Value Apartments for Rent in Lockwood, NC
As of March 17, 2025 the best value apartment in the Lockwood area is the $0.50 price per square foot 218 Heck St Model at 218 Heck St in the in the Blount Street neighborhood starting from $850. The second greatest value Lockwood apartment is the Winchester Model at The Waverly starting at $1,855 with a $1.37 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. |
---|---|---|---|
218 Heck St | 218 Heck St | 1BR,1BA | $0.50 |
The Waverly | Winchester | 3BR,2BA | $1.37 |
909 Bragg St | 909 Bragg St | 1BR,1BA | $0.44 |
Sunnybrook Pointe | 3 Bed 2 Bath | 3BR,2BA | $1.32 |
Capital Apartments | 401 | 2BR,1BA | $1.64 |
4112 Palafox Ct | 4112 Palafox Ct | 3BR,2.5BA | $1.41 |
Parkside at Five Points | PS 2x1.5 | 2BR,1.5BA | $1.26 |
4245 Beacon Crest Way | 4245 Beacon Crest Way | 3BR,2BA | $1.65 |
Longview Village Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.53 |
Northstone Apartments | 1BR/1BA | 1BR,1BA | $1.31 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLockwood, Raleigh, NC
Ranked #63
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 the Cheapest Studio apartment in Lockwood?
Currently the most affordable Cheap Studio Apartment in Lockwood is at Milner Commons listed at $875.
How much is rent for a Cheap One Bedroom Lockwood Apartment?
The lowest price for a Cheap One Bedroom Lockwood Apartment is $577 at 909 Bragg St.
What is the lowest price for a Cheap Two Bedroom Lockwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lockwood is starting from $1,200 at Milner Commons.
What is the most affordable Lockwood Three Bedroom Apartment?
The best deal on a cheap Lockwood Three Bedroom Apartment rental is at Sunnybrook Pointe and starts from $1,693.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
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.

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.