Cheap Homes for Rent in Wake County, NC from $500 (194 Rentals)

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Search the lowest-cost Homes available for rent right now in Wake County.

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Cheapest Available Wake County Apartments for Rent

 

The cheapest available apartment rental in Wake County, NC is a 1 Bed unit found at Olde School Commons in the Sandlin Branch neighborhood priced from $699. The Wilde in the Lakeside neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $735. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Olde School CommonsOSC 1/1 (60%)1BR,1BA$699
The WildeD14BR,4BA$735
Milner CommonsStudio - The WillowStudio,1BA$875
Westgrove Tower CondominiumsS1Studio,1BA$895
1820 at Centennial4x44BR,4BA$900
Vivo Living North WoodsStudio AStudio,1BA$905

Best Value Apartments for Rent in Wake County, NC

As of May 18, 2025 the best value apartment in the Wake County area is the $0.55 price per square foot 5x5 Loft Private Access Model at Paloma Raleigh in the in the Roylene Acres neighborhood starting from $959. The second greatest value Wake County apartment is the Four Bedrooms Model at Stanhope starting at $1,250 with a $0.79 price per square foot in the Grove Park neighborhood. Here is today’s list of the best values for Wake County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Paloma Raleigh5x5 Loft Private Access5BR,5BA$0.55
StanhopeFour Bedrooms4BR,4BA$0.79
University Village at 25054x44BR,4BA$0.53
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
1430 Collegeview Ave, Unit University Glen1430 Collegeview Ave4BR,4BA$0.47
Centennial Village Student Housing3x33BR,3BA$0.58
Centennial Ridge Student Housing3x33BR,3BA$0.58
1251 University Ct, Unit 11251 University Ct1BR,1BA$0.67
1820 at Centennial3x33BR,3BA$0.84
Olde School CommonsOSC 1/1 (60%)1BR,1BA$0.87

Frequently Asked Questions about Wake County

What type of rentals are currently available in Wake County?

There are currently 1604 Apartments for Rent in Wake County, NC with pricing that ranges from $550 to $9,854. There are also 1194 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $500 to $7,995.

What is the current price range for Rental Homes in Wake County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wake County ranges from $500 to $7,995 with an average monthly rent of $1,995.

How much are larger Three and Four Bedroom Rentals in Wake County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wake County range from $820 to $9,854, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $4,600. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $590.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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