Cheap Homes for Rent in Wake County, NC from $500 (159 Rentals)

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Cheap Homes in Wake County.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
Anson at North HillsA11BR,1BA$872
Westgrove Tower CondominiumsS1Studio,1BA$895
1820 at Centennial4x44BR,4BA$900
Vivo Living North WoodsStudio AStudio,1BA$905
Tree TopCedarStudio,1BA$911

Best Value Apartments for Rent in Wake County, NC

As of May 04, 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 4x4 Model at University Village at 2505 starting at $775 with a $0.53 price per square foot in the University Suites 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
University Village at 25054x44BR,4BA$0.53
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
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
1820 at Centennial3x33BR,3BA$0.84
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
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 1617 Apartments for Rent in Wake County, NC with pricing that ranges from $550 to $10,056. There are also 1177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $560 to $21,900.

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 $560 to $21,900 with an average monthly rent of $2,227.

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 $10,056, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $21,900. 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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.