Cheap Homes for Rent in Mordecai Neighborhood of Raleigh, NC from $1,200 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Mordecai area of Raleigh.

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

Mordecai, Raleigh, NC Local Guide

Cheapest Available Mordecai Apartments for Rent

 

The cheapest available apartment rental in the Mordecai area of Raleigh, NC is a Studio unit found at The Point priced from $1,272. The Signal has the second lowest priced unit, which is a Studio apartment currently listed from $1,274. Here are the most affordable Mordecai apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The PointS1Studio,1BA$1,272
The SignalS1Studio,1BA$1,274
The GramercyChelseaStudio,1BA$1,295

Best Value Apartments for Rent in Mordecai, NC

As of April 10, 2025 the best value apartment in the Mordecai area is the $1.49 price per square foot 201 Model at Capital Apartments in the in the Blount Street neighborhood starting from $1,905. The second greatest value Mordecai apartment is the 2x2.5 townhm Model at The Townes at Bishops Park starting at $1,875 with a $1.58 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Mordecai apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capital Apartments2011BR,1BA$1.49
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.58
The LineSunland1BR,1BA$2.54
The Mordecai on Clover1 BR 1 BA TOWNHOME1BR,1BA$2.00
600 Devereux St, Unit C600 Devereux St1BR,1BA$1.86
Cortland Glenwood SouthA21BR,1BA$2.55
The SignalA31BR,1BA$2.66
The MetropolitanSidecarStudio ,1BA$2.72
The GramercyChelseaStudio ,1BA$2.40
Elan City CenterA1Studio ,1BA$2.62

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Mordecai

What type of rentals are currently available in Mordecai?

There are currently 104 Apartments for Rent in Mordecai, NC with pricing that ranges from $1,275 to $6,300. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mordecai ranging from $1,275 to $3,800.

What is the current price range for Rental Homes in Mordecai?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mordecai ranges from $1,275 to $3,800 with an average monthly rent of $2,387.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.