Cheap Apartments for Rent in the North Raleigh Neighborhood of Raleigh, NC from $700 (76 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the North Raleigh 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

Read Article
Showing Results 1-50, Page 1 of 2

North Raleigh, Raleigh, NC Local Guide

Cheapest Available North Raleigh Apartments for Rent

 

The cheapest available apartment rental in the North Raleigh area of Raleigh, NC is a 1 Bed unit found at 7765 Falcon Rest Cir priced from $725. 216 Woods Ream Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable North Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
7765 Falcon Rest Cir7765 Falcon Rest Cir1BR,1BA$725
216 Woods Ream Dr216 Woods Ream Dr1BR,1BA$895
Woodlake DownsAsh1BR,1BA$953
Village of PickwickThe CottageStudio,1BA$965
Spring ForestWillow1BR,1BA$982
The TimbersA1 One Bed One Bath1BR,1BA$986
Lynnwood ParkThe Alexander1BR,1BA$991
8809-8813 Litchford RdFirst Floor Bedroom Suite1BR,1BA$995
LYV Six ForksA1 - The Pine1BR,1BA$999
Quail Ridge Apartments1 Bed 1 Bath1BR,1BA$999

Best Value Apartments for Rent in North Raleigh, NC

As of March 29, 2025 the best value apartment in the North Raleigh area is the $0.37 price per square foot 216 Woods Ream Dr Model at 216 Woods Ream Dr in the in the Lakemont neighborhood starting from $895. The second greatest value North Raleigh apartment is the 9531 Waterwood Ct Model at 9531 Waterwood Ct starting at $2,145 with a $0.99 price per square foot in the Manchester neighborhood. Here is today’s list of the best values for North Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
216 Woods Ream Dr216 Woods Ream Dr1BR,1BA$0.37
9531 Waterwood Ct9531 Waterwood Ct5BR,2.5BA$0.99
6904 Saxby Ct6904 Saxby Ct2BR,2.5BA$1.22
7765 Falcon Rest Cir7765 Falcon Rest Cir1BR,1BA$0.51
Inman Park2 bed/2 bath2BR,2BA$1.32
Hunting RidgeTwo Bedroom with Study2BR,1.5BA$1.23
Midtown Park TownhomesMT 2x1.52BR,1.5BA$1.31
MILLBROOK POINTE2 Bedroom 2 Bathroom2BR,2BA$1.23
Lynn Lake1C Den Renovation 21BR,1BA$1.28
Cedar Springs ApartmentsThe Bartlett1BR,1BA$1.30

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

Pet Friendly Lifestyle
North Raleigh, Raleigh, NC

Ranked #5

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
North Raleigh, Raleigh, NC

School data provided by Great Schools

Best Local Schools in
North Raleigh, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across North Carolina and customized analysis for North Raleigh. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, multifamily communities for the kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the North Raleigh Neighborhood in Raleigh, NC

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

23 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap North Raleigh Apartments

What is a cheap apartment in North Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Raleigh is under $999.

What is the price of a cheap apartment in North Raleigh?

The cheapest apartment in North Raleigh is 7765 Falcon Rest Cir which is listed at $725, while the average apartment in North Raleigh costs $1,885.

What types of apartments are the cheapest in North Raleigh?

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 85 regular apartments in North Raleigh 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 North Raleigh?

Cheap apartments in North Raleigh have an average cost of $152 which is $1,733 cheaper than the average rent for all rentals in North Raleigh.

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.