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cheap apartments
Last updated May 27 2020 at 4:23 AM

110 Cheap Apartments for rent in Raleigh, NC

Verified
Last updated May 27 at 04:19am
65 Units Available
Regatta at Lake Lynn
3000 Inland Trl, Raleigh, NC
1 Bedroom
$845
657 sqft
2 Bedrooms
$1,187
1024 sqft
Near Lake Lynn Watershed Project. Recently renovated with hardwood floors, fireplaces and stainless steel appliances. Fantastic pools, playground and 24-hour gym. Walk to Lake Lynn's 60 acres of space. Pet-friendly.
Verified
Last updated May 27 at 12:46am
14 Units Available
The Waverly
3211 Pridwen Cir, Raleigh, NC
1 Bedroom
$869
878 sqft
2 Bedrooms
$1,491
1063 sqft
3 Bedrooms
$1,647
1357 sqft
Minutes away from downtown Raleigh and I-440, with a pool, 24-hour gym and clubhouse. Air-conditioned units are equipped with walk-in closets, dishwasher and cooking range.
Verified
Last updated May 27 at 04:19am
23 Units Available
The Mark
6421 Campus Dr, Raleigh, NC
1 Bedroom
$940
812 sqft
2 Bedrooms
$1,165
1111 sqft
3 Bedrooms
Ask
One-, two- and three-bedroom apartments with granite counters, ice maker, walk-in closets and extra storage. Pet-friendly community with fire pit, coffee bar, tennis and volleyball courts. Tenants have access to 24-hour gym and yoga.
Verified
Last updated May 27 at 04:19am
43 Units Available
Edgewater on Lake Lynn
3230 Stream Side Rd, Raleigh, NC
1 Bedroom
$893
772 sqft
2 Bedrooms
$994
1100 sqft
3 Bedrooms
Ask
This beautiful property borders Lake Lynn and is a short drive from Stonehenge Market. The pet-friendly community has a tennis court, pool and 24-hour gym for residents to enjoy. Units have fireplaces and washer/dryer hookups.
Verified
Last updated May 27 at 04:19am
25 Units Available
Level at 401
5721 Goodstone Drive, Raleigh, NC
Studio
Ask
1 Bedroom
$930
821 sqft
2 Bedrooms
$1,180
1235 sqft
Level at 401 in Raleigh, NC offers modern, updated units in the most happening area of Raleigh. Level at 401 is pet-friendly and in walking distance to dining and shopping.
Verified
Last updated May 27 at 01:02am
23 Units Available
Legacy North Pointe
2525 Pavilion Pl, Raleigh, NC
1 Bedroom
$924
825 sqft
2 Bedrooms
$1,035
1030 sqft
3 Bedrooms
$1,295
1300 sqft
Conveniently located just off the Northern Wake Expressway near the Plantation Point Shopping Center and Triangle Town Center Mall. Units with open floor plans and wood-burning fireplaces. Community amenities include a gym and business center.
Verified
Last updated May 27 at 12:21am
10 Units Available
Brentmoor Apartments
2080 Brentmoor Dr, Raleigh, NC
1 Bedroom
$875
763 sqft
2 Bedrooms
$1,005
1052 sqft
3 Bedrooms
$1,275
1240 sqft
Our elegant garden-style apartment homes, plush landscaping and stunning resort style pool with lounging deck will have you feeling like you are on vacation each and every day.
Verified
Last updated May 27 at 12:27am
10 Units Available
The Pointe at Crabtree
4800 Waterford Point Dr, Raleigh, NC
1 Bedroom
$867
736 sqft
2 Bedrooms
$1,143
1083 sqft
One- and two-bedroom apartments with extra storage, balcony or patio, climate control and dining rooms. Community has a fitness center, racquetball court and clubhouse. Located close to shops and restaurants.
Verified
Last updated May 27 at 12:33am
Cameron Village
15 Units Available
The Raleigh Apartments
740 Smallwood Dr #17, Raleigh, NC
Studio
$864
460 sqft
1 Bedroom
$924
726 sqft
2 Bedrooms
$1,124
1004 sqft
Great Downtown location close to Cameron Village Shopping Center and public transportation. Apartments feature hardwood flooring, dual entrances, and raised ceilings. Water included in the rent.
Verified
Last updated May 27 at 12:33am
8 Units Available
Sommerset Place Apartments
6717 Six Forks Rd, Raleigh, NC
1 Bedroom
$920
654 sqft
2 Bedrooms
$1,010
905 sqft
Close to Celebration At Six Forks. Apartments feature spacious layouts with amenities such as living rooms with wood-burning fireplaces and chef-style kitchens with black appliances. Conveniences include a swimming pool and lighted tennis courts.
Verified
Last updated May 27 at 12:33am
15 Units Available
The Parke at Trinity Apartment Homes
5301 Creek Ridge Ln, Raleigh, NC
1 Bedroom
$917
719 sqft
2 Bedrooms
$1,061
1004 sqft
3 Bedrooms
$1,320
1356 sqft
Near Route 1728 and I-40. Recently renovated apartments feature a fireplace, extra storage and walk-in closets. Private balcony or patio. Volleyball court, 24-hour gym, on-site dog park and playground.
Verified
Last updated May 27 at 12:33am
11 Units Available
Grand Arbor Reserve Apartment Homes
2419 Wycliff Rd, Raleigh, NC
1 Bedroom
$1,078
925 sqft
2 Bedrooms
$918
1085 sqft
3 Bedrooms
$1,044
1185 sqft
Situated on acres of green space close to North Carolina State University. Spacious apartments with French doors, wood-style floors and private outdoor areas. Select units boast wooded views. On-site picnic areas with grilling stations.
Verified
Last updated May 27 at 12:33am
15 Units Available
Summermill at Falls River
10311 Falls Mill Dr, Raleigh, NC
1 Bedroom
$930
785 sqft
2 Bedrooms
$1,145
1077 sqft
3 Bedrooms
$1,355
1377 sqft
Brand new apartments within a few minutes of I-540. Walk-in closets and extra storage. Air conditioning and fireplaces. Building has elevator. Community has media room and swimming pool. Trash valet.
Verified
Last updated May 27 at 04:19am
11 Units Available
The Summit at Avent Ferry
1025 Avent Hill, Raleigh, NC
1 Bedroom
$933
790 sqft
2 Bedrooms
$1,105
1050 sqft
Located just moments from Lake Johnson, Crossroads Plaza and Interstate 40, this community offers residents a fitness center, bark park, swimming pool and clubhouse. Apartments include open layouts, premium flooring, screened patios/balconies and optional fireplaces.
Verified
Last updated May 27 at 12:33am
14 Units Available
Bridgeport
4101 Lake Lynn Dr, Raleigh, NC
1 Bedroom
$920
703 sqft
2 Bedrooms
$1,240
1071 sqft
3 Bedrooms
$1,305
1228 sqft
Residents of this community enjoy an on-site fitness center, dog park and laundry facilities. Apartments include breakfast bars, plush carpeting, walk-in closets and private patios/balconies. Leesville Community Park and Oak Park Shopping Center are nearby.
Verified
Last updated May 27 at 12:33am
5 Units Available
Tryon Village
2421 Fairway Dr, Raleigh, NC
1 Bedroom
$804
565 sqft
2 Bedrooms
$945
763 sqft
Cable-ready homes with extra storage room, air conditioner and dishwasher in kitchens. The pet-friendly community has on-site laundry and a playground for residents. 9 minutes from downtown.
Verified
Last updated May 27 at 12:33am
7 Units Available
Quail Ridge Apartments
1401 E Millbrook Rd, Raleigh, NC
1 Bedroom
$820
677 sqft
2 Bedrooms
$925
900 sqft
3 Bedrooms
$1,100
1064 sqft
Quiet community located on 235 acres just off E. Millbrook Road. Apartments include ceiling fans, walk-in closets, and balconies. Community features include tennis and volleyball courts and a modern fitness center.
Verified
Last updated May 27 at 12:33am
9 Units Available
Brentwood West
3831 Brentwood Rd, Raleigh, NC
1 Bedroom
$840
779 sqft
2 Bedrooms
$875
981 sqft
3 Bedrooms
Ask
Within walking distance of schools, shops, and restaurants and close to Downtown Raleigh. Pet-friendly community with 24-hour laundry facilities. Units include French doors and windows, frost-free refrigerators, and linen closets.
Verified
Last updated May 27 at 12:33am
15 Units Available
ARIUM Lake Johnson
3201 Walnut Crk, Raleigh, NC
1 Bedroom
$875
670 sqft
2 Bedrooms
$1,085
955 sqft
3 Bedrooms
$1,165
1100 sqft
Tucked away in 82 acres of beautiful forest, ARIUM Lake Johnson Apartment Homes in Raleigh, North Carolina, warmly invites you to experience a refined, sophisticated lifestyle in a natural setting.
Verified
Last updated May 27 at 12:33am
53 Units Available
The Residences at Wakefield
12201 Oakwood View Dr, Raleigh, NC
1 Bedroom
$910
913 sqft
2 Bedrooms
$1,151
1266 sqft
3 Bedrooms
$1,225
1465 sqft
Newly renovated units with private balconies, high ceilings and large windows. Conveniently located close to I-540 and Wakefield Shopping Center. Community with a basketball court, lounge and poolside pavilion.
Verified
Last updated May 27 at 12:33am
6 Units Available
Madison Hunters Glen
100 Hunt Club Ln, Raleigh, NC
1 Bedroom
$943
753 sqft
2 Bedrooms
$1,086
1078 sqft
Just a short drive to I-440 and I-40. Near the area's biggest employers. On-site private pool with a sundeck, dog park, volleyball court and recreation court. New kitchen appliances, wood vinyl flooring and storage.
Verified
Last updated May 27 at 12:33am
5 Units Available
Lexington Farms
3409 Mill Tree Rd, Raleigh, NC
1 Bedroom
$950
865 sqft
2 Bedrooms
$1,225
1000 sqft
Take a Virtual Tour Now! The lifestyle you are looking for, in the location you desire, is at Lexington Farms! Providing a wide selection of unique 1 and 2 bedroom apartment homes that feature loft spaces, spacious kitchens with stainless steel
Verified
Last updated May 27 at 12:32am
12 Units Available
Hunter's Run Apartments
5801 Blacksmith Dr, Raleigh, NC
1 Bedroom
$862
764 sqft
2 Bedrooms
$1,016
928 sqft
Situated in the middle of Raleigh and Cary, residents here can enjoy both towns. Luxury complex offers pool, sun deck and barbecue area. Units feature vaulted ceilings, carpet and additional storage.
Verified
Last updated May 27 at 12:33am
16 Units Available
Atria At Crabtree Valley
4601 Baymar Dr, Raleigh, NC
1 Bedroom
$945
832 sqft
2 Bedrooms
$1,100
1305 sqft
Short hop to 70 Freeway and Route 50. Close to Shelley Lake Park and Crabtree Valley Mall. Large, 1-2 bedroom layouts available. Dog park, basketball court and tennis court on-site. Wood-burning fireplaces.
Rent Report
Raleigh

June 2020 Raleigh Rent Report

Welcome to the June 2020 Raleigh Rent Report. Raleigh rents declined over the past month. In this report, we'll evaluate trends in the Raleigh rental market, including comparisons to cities throughout the state and nation.

Raleigh rents declined moderately over the past month

Raleigh rents have declined 0.3% over the past month, but have increased marginally by 0.5% in comparison to the same time last year. Currently, median rents in Raleigh stand at $1,007 for a one-bedroom apartment and $1,164 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in March. Raleigh's year-over-year rent growth lags the state average of 0.9%, as well as the national average of 0.8%.

    Rents rising across cities in North Carolina

    Throughout the past year, rent increases have been occurring not just in the city of Raleigh, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, 8 of them have seen prices rise. The state as a whole logged rent growth of 0.9% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,295; of the 10 largest cities in North Carolina that we have data for, Wilmington and High Point, where two-bedrooms go for $932 and $870, are the only two major cities in the state to see rents fall year-over-year (-3.8% and -0.4%).
    • Greenville, Durham, and Winston-Salem have all experienced year-over-year growth above the state average (2.2%, 1.9%, and 1.9%, respectively).

    Raleigh rents more affordable than many large cities nationwide

    As rents have increased in Raleigh, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Raleigh is still more affordable than most large cities across the country.

    • Raleigh's median two-bedroom rent of $1,164 is slightly below the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 0.5% increase in Raleigh.
    • While Raleigh's rents rose over the past year, many cities nationwide saw decreases, including San Francisco (-1.0%), Atlanta (-0.8%), and Denver (-0.4%).
    • Renters will find more reasonable prices in Raleigh than most large cities. For example, San Francisco has a median 2BR rent of $3,071, which is more than two-and-a-half times the price in Raleigh.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    City
    Median 1BR Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Raleigh
    $1,010
    $1,160
    -0.3%
    0.5%
    Cary
    $1,120
    $1,300
    -0.3%
    1.3%
    Apex
    $1,160
    $1,350
    0.7%
    1%
    Wake Forest
    $1,060
    $1,220
    -0.5%
    3.9%
    Garner
    $1,020
    $1,180
    0.5%
    1.2%
    Morrisville
    $1,190
    $1,390
    -0.2%
    2.1%
    See More

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

    Read More

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