Cheap Apartments for Rent in the Lockwood Neighborhood of Raleigh, NC from $500 (26 Rentals)

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

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Stony Brook
Studio Apartments

Stony Brook

3001-3015 Lake Woodard DrRaleigh, NC 27604
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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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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
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Duplex Village
2 Bedroom Apartments

Duplex Village

1900-2006 Hawkins StRaleigh, NC 27610
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Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
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Five Point Cottages
2 Bedroom Apartments

Five Point Cottages

2201-2223 Brewer StRaleigh, NC 27608
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200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
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Lockwood, Raleigh, NC Local Guide

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 ListingModel NameBed/BathPriced From
909 Bragg St909 Bragg St1BR,1BA$577
218 Heck St218 Heck St1BR,1BA$850
Milner CommonsStudio - The WillowStudio,1BA$875
The HarrisonStudio BStudio,1BA$960
Northstone Apartments1BR/1BA1BR,1BA$1,075
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,112
The WaverlyEdinburgh1BR,1BA$1,139
Pines of AshtonAspen1BR,1BA$1,150
The LincolnThe Hub StudioStudio,1BA$1,152
Skyhouse RaleighS1Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
218 Heck St218 Heck St1BR,1BA$0.50
The WaverlyWinchester3BR,2BA$1.37
909 Bragg St909 Bragg St1BR,1BA$0.44
Sunnybrook Pointe3 Bed 2 Bath3BR,2BA$1.32
Capital Apartments4012BR,1BA$1.64
4112 Palafox Ct4112 Palafox Ct3BR,2.5BA$1.41
Parkside at Five PointsPS 2x1.52BR,1.5BA$1.26
4245 Beacon Crest Way4245 Beacon Crest Way3BR,2BA$1.65
Longview Village Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.53
Northstone Apartments1BR/1BA1BR,1BA$1.31

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Pet Friendly Lifestyle
Lockwood, Raleigh, NC

Ranked #62

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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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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.

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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.