Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $500 (75 Rentals)

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

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Smallwood Apartments
1 Bedroom Apartments

Smallwood Apartments

2008-2020 Smallwood DrRaleigh, NC 27605
  • Utilities Included
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Oakwood, Raleigh, NC Local Guide

Cheapest Available Oakwood Apartments for Rent

 

The cheapest available apartment rental in the Oakwood 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 $825. Here are the most affordable Oakwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
909 Bragg St909 Bragg St1BR,1BA$577
218 Heck St218 Heck St1BR,1BA$825
Pullen Station LoftsStudioStudio,1BA$950
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,112
Trails Corner ApartmentsTC 2x12BR,1BA$1,125
Brentmoor ApartmentsOberlin1BR,1BA$1,125
Skyhouse RaleighS1Studio,1BA$1,169
The RowBirch ArbourStudio,1BA$1,185
Shamrock ApartmentsOne Bedroom1BR,1BA$1,199
Milner Commons2 Bedroom - The Evergreen2BR,1BA$1,200

Best Value Apartments for Rent in Oakwood, NC

As of March 25, 2025 the best value apartment in the Oakwood area is the $0.93 price per square foot 1414 Southgate Dr Model at 1414 Southgate Dr in the in the Oakwood neighborhood starting from $2,065. The second greatest value Oakwood apartment is the 201 Model at Capital Apartments starting at $1,905 with a $1.49 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1414 Southgate Dr1414 Southgate Dr3BR,2.5BA$0.93
Capital Apartments2011BR,1BA$1.49
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.58
Wedgwood Apartments2-2.2BR,2BA$1.65
Trails Corner ApartmentsTC 2x12BR,1BA$1.13
Milner Commons2 Bedroom - The Evergreen2BR,1BA$1.22
1051 Wirewood Dr, Unit 1011051 Wirewood Dr2BR,1.5BA$1.89
Longview Village Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.53
Brentmoor ApartmentsGlenwood1BR,1BA$1.67
Brookside Apartments1x1 Newly Renovated1BR,1BA$1.91

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Pet Friendly Lifestyle
Oakwood, Raleigh, NC

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Oakwood, Raleigh, NC

School data provided by Great Schools

Best Local Schools in
Oakwood, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Raleigh, NC. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the Oakwood Neighborhood in Raleigh, NC

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

65 / 100

Good Transit

Many nearby public transportation options

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 Oakwood Apartments

What is the Cheapest Studio apartment in Oakwood?

Currently the most affordable Cheap Studio Apartment in Oakwood is at Pullen Station Lofts listed at $950.

How much is rent for a Cheap One Bedroom Oakwood Apartment?

The lowest price for a Cheap One Bedroom Oakwood Apartment is $1,112 at Capital Flats & Magnolia Square Apartments.

What is the lowest price for a Cheap Two Bedroom Oakwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oakwood is starting from $1,125 at Trails Corner Apartments.

What is the most affordable Oakwood Three Bedroom Apartment?

The best deal on a cheap Oakwood Three Bedroom Apartment rental is at Trails Corner Apartments and starts from $1,275.

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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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.

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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.