Cheap Apartments for Rent in the Oakwood Neighborhood of Raleigh, NC from $500 (71 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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property at 209 E Peace St

209 E Peace St

RaleighNC27604
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Smallwood Apartments
1 Bedroom Apartments

Smallwood Apartments

2008-2020 Smallwood DrRaleigh, NC 27605
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

705 N Boundary StRaleigh, NC 27604
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Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
Showing Results 1-50, Page 1 of 2

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 Studio unit found at Pullen Station Lofts priced from $950. The Edition on Oberlin has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,102. Here are the most affordable Oakwood apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pullen Station LoftsStudioStudio,1BA$950
The Edition on OberlinA41BR,1BA$1,102
Brentmoor ApartmentsOberlin1BR,1BA$1,125
Trails Corner ApartmentsTC 2x12BR,1BA$1,125
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,126
The LincolnThe Hub StudioStudio,1BA$1,185
Shamrock ApartmentsOne Bedroom1BR,1BA$1,199
The Apartments at St. Mary'sS3Studio,1BA$1,200
Milner Commons2 Bedroom - The Evergreen2BR,1BA$1,200
Skyhouse RaleighA61BR,1BA$1,214

Best Value Apartments for Rent in Oakwood, NC

As of April 11, 2025 the best value apartment in the Oakwood area is the $1.91 price per square foot C1 Model at The Edition on Oberlin in the in the Oakwood neighborhood starting from $2,765. 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.
The Edition on OberlinC13BR,3BA$1.91
Capital Apartments2011BR,1BA$1.49
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.58
Wedgwood Apartments2-2.2BR,2BA$1.54
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
600 Devereux St, Unit C600 Devereux St1BR,1BA$1.86

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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

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 a cheap apartment in Oakwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Oakwood is under $1,214.

What is the price of a cheap apartment in Oakwood?

The cheapest apartment in Oakwood is The Edition on Oberlin which is listed at $1,099, while the average apartment in Oakwood costs $8,400.

What types of apartments are the cheapest in Oakwood?

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 19 regular apartments in Oakwood 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 Oakwood?

Cheap apartments in Oakwood have an average cost of $121 which is $8,279 cheaper than the average rent for all rentals in Oakwood.

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

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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

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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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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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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.