Cheap Homes for Rent in Wake County, NC from $500 (123 Rentals)

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

property at 1212 Schaub Dr

1212 Schaub Dr

RaleighNC27606
property at 1104 Spaulding St

1104 Spaulding St

RaleighNC27610
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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 5230 Meryton Park Way in the Fox Haven neighborhood priced from $495. 909 Bragg St in the Oakwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $577. Here is today’s list of the most affordable Wake County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
5230 Meryton Park Way5230 Meryton Park Way1BR,1BA$495
909 Bragg St909 Bragg St1BR,1BA$577
4730 Altha St4730 Altha St1BR,1BA$582
109 Windy Creek Ln109 Windy Creek Ln1BR,1BA$600
3812 Oak Park Rd3812 Oak Park Rd1BR,1BA$600
3525 Sugarplum Rd3525 Sugarplum Rd1BR,1BA$625
6827 Glacis Ct6827 Glacis Ct1BR,1BA$625
1038 Diamond Dove Ln1038 Diamond Dove Ln1BR,1BA$625

Best Value Apartments for Rent in Wake County, NC

As of March 26, 2025 the best value apartment in the Wake County area is the $0.88 price per square foot 3701 Althorp Drive Model at 3701 Althorp Drive in the in the Fox Haven neighborhood starting from $2,640. The second greatest value Wake County apartment is the 3921 Tyler Bluff Ln Model at 3921 Tyler Bluff Ln starting at $2,420 with a $0.81 price per square foot in the East Raleigh 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.
3701 Althorp Drive3701 Althorp Drive4BR,2.5BA$0.88
3921 Tyler Bluff Ln3921 Tyler Bluff Ln4BR,3BA$0.81
5943 Ricker Rd5943 Ricker Rd3BR,3BA$0.82
3528 Eastern Branch Rd3528 Eastern Branch Rd3BR,2.5BA$0.84
633 Prickly Pear Dr633 Prickly Pear Dr4BR,2.5BA$0.83
University Village at 25054x44BR,4BA$0.64
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.58
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.84

Frequently Asked Questions about Wake County

What type of rentals are currently available in Wake County?

There are currently 1775 Apartments for Rent in Wake County, NC with pricing that ranges from $359 to $8,972. There are also 943 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake County ranging from $560 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 $560 to $7,995 with an average monthly rent of $2,332.

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 $740 to $7,983, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,995. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $450.

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.