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cheap apartments
Last updated September 15 2019 at 4:54 AM

102 Cheap Apartments for rent in Raleigh, NC

Verified
Last updated September 15 at 04:36am
31 Units Available
The Pointe at Crabtree
4800 Waterford Point Dr, Raleigh, NC
1 Bedroom
$889
736 sqft
2 Bedrooms
$1,224
1092 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 September 15 at 12:27am
31 Units Available
Legacy at Wakefield
14411 Calloway Gap Road, Raleigh, NC
1 Bedroom
$915
754 sqft
2 Bedrooms
$1,070
1119 sqft
3 Bedrooms
$1,446
1406 sqft
Explore the brilliance of a perfectly balanced live, work, play setting full of adventure and entertainment that is something special. Simplify your life with maintenance-free living in one of our spacious one, two and three bedroom apartment homes.
Verified
Last updated September 15 at 03:22am
23 Units Available
Bridgeport
4101 Lake Lynn Dr, Raleigh, NC
1 Bedroom
$795
703 sqft
2 Bedrooms
$898
1071 sqft
3 Bedrooms
$1,260
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 September 15 at 01:09am
8 Units Available
Honeytree
4344 Saint James Church Rd, Raleigh, NC
1 Bedroom
$850
742 sqft
2 Bedrooms
$925
980 sqft
Just around the corner from the intersection of Louisburg and New Hope Roads, Honeytree Apartments is one of North Raleigh's most distinctive apartment rental communities.
Verified
Last updated September 15 at 03:22am
17 Units Available
Sailboat Bay Apartments
3221 Lynn Ridge Dr, Raleigh, NC
1 Bedroom
$752
635 sqft
2 Bedrooms
$881
816 sqft
This community provides residents with a beautiful pool and sundeck, recycling center, and 24-hour fitness studio. Apartments include fireplaces, walk-in closets and designer paint schemes. Lake Lynn, Stonehenge Market and the Cinemark theater are nearby.
Verified
Last updated September 15 at 01:17am
6 Units Available
Village on Hill Street
2404 Hill St, Raleigh, NC
2 Bedrooms
$865
873 sqft
3 Bedrooms
$995
1033 sqft
The Village on Hill Street offers newly renovated 2 and 3 bedroom apartments tucked away in a peaceful and beautiful part of Raleigh.
Verified
Last updated September 15 at 03:22am
17 Units Available
The Trails of North Hills
1914 Generation Drive, Raleigh, NC
1 Bedroom
$850
628 sqft
2 Bedrooms
$970
1159 sqft
3 Bedrooms
$1,305
1375 sqft
The Trails of North Hills, now proudly managed by Pinnacle, is ideally located near I-440, I-40, and I-540 for easy access to shopping, dining, and entertainment.
Verified
Last updated September 15 at 03:22am
10 Units Available
The Greens at Tryon
2805 Par Dr, Raleigh, NC
1 Bedroom
$937
881 sqft
2 Bedrooms
$1,201
1073 sqft
3 Bedrooms
$1,281
1250 sqft
Welcome to The Greens at Tryon Apartments, in Raleigh, North Carolina! Conveniently located just minutes from downtown Raleigh and just a few miles away from Cary.
Verified
Last updated September 15 at 03:22am
15 Units Available
Thornhill Apartments
7203 Plumleaf Rd, Raleigh, NC
1 Bedroom
$895
692 sqft
2 Bedrooms
$1,005
1060 sqft
3 Bedrooms
Ask
Soaring nine-foot ceilings, walk-in closets and spacious floor plans in these apartment homes. Close to shops, dining and Raleigh Memorial Park. Community features grassy areas, walking trails, hot tub, pool and dog park.
Verified
Last updated September 15 at 03:22am
9 Units Available
Vert at Six Forks
7816 Six Forks Rd, Raleigh, NC
1 Bedroom
$800
688 sqft
2 Bedrooms
$1,035
988 sqft
Near North Hills and Celebration At Six Forks. Also near North Carolina State University. One- and two-bedroom apartments equipped with dishwashers and in-unit washer and dryers. On-site clubhouse offers complimentary coffee.
Verified
Last updated September 15 at 03:22am
17 Units Available
Atria At Crabtree Valley
4601 Baymar Dr, Raleigh, NC
1 Bedroom
$850
832 sqft
2 Bedrooms
$1,175
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.
Verified
Last updated September 15 at 03:22am
4 Units Available
Montecito West
1313 Hardimont Rd, Raleigh, NC
1 Bedroom
$835
742 sqft
2 Bedrooms
Ask
Situated in Midtown, this development sits on beautiful grounds that are designed to be comfortable and unique. Amenities include cozy kitchens, ample storage, walk-in closets and more.
Verified
Last updated September 15 at 03:22am
Cameron Village
8 Units Available
Raleigh Apartments
740 Smallwood Dr #17, Raleigh, NC
Studio
$844
460 sqft
1 Bedroom
$904
729 sqft
2 Bedrooms
$1,104
955 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 September 15 at 03:22am
4 Units Available
Green Meadows
4219 Brockton Dr, Raleigh, NC
1 Bedroom
$815
650 sqft
2 Bedrooms
$915
950 sqft
Close to I-440 and shopping in a quiet, residential neighborhood. Community amenities include a playground, saltwater pool and picnic area. Pet-friendly. Close to public transportation. Spacious interior living.
Verified
Last updated September 15 at 03:22am
12 Units Available
Rose Heights
3801 Glen Verde Trl, Raleigh, NC
1 Bedroom
$929
752 sqft
2 Bedrooms
$1,111
1221 sqft
3 Bedrooms
$1,404
1329 sqft
Luxury Apartments in Raleigh, NC at Glenwood Ave and Lynn RoadRose Heights Apartments offers luxury one, two, and three-bedroom apartments waiting to be called home! Our meticulous landscaping and lush green lounging areas will have you feeling
Verified
Last updated September 15 at 03:22am
5 Units Available
South Ridge
1622 Proctor St, Raleigh, NC
2 Bedrooms
$900
725 sqft
3 Bedrooms
$970
910 sqft
Located in the heart of Raleigh just minutes from downtown. Single-story ranch-style cottage homes with central heating and air, ceramic tile bathroom floors, designer faucets and patios. Community is pet-friendly!
Verified
Last updated September 15 at 03:22am
6 Units Available
Sumter Square
613 Charleston Rd, Raleigh, NC
1 Bedroom
$905
700 sqft
2 Bedrooms
$950
950 sqft
3 Bedrooms
$1,045
1100 sqft
Close to I-40 and NC State Fairgrounds, these homes feature walk-in closets, plush carpeting and private patios. The pet-friendly community has playgrounds, tennis courts and two swimming pools for residents.
Verified
Last updated September 15 at 06:31am
4 Units Available
Hunter's Run Apartments
5801 Blacksmith Dr, Raleigh, NC
1 Bedroom
$870
764 sqft
2 Bedrooms
$955
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 September 15 at 03:22am
8 Units Available
Laurel Springs
500 Bridle Ridge Ln, Raleigh, NC
1 Bedroom
$910
933 sqft
2 Bedrooms
$1,033
1379 sqft
This scenic community is near Shelly Lake and Lake Lynn and just minutes from I-440. These apartments offer large closets, fireplaces, and a private balcony or patio. On-site dog park and ample green space.
Verified
Last updated September 15 at 03:22am
5 Units Available
Quail Ridge Apartments
1401 E Millbrook Rd, Raleigh, NC
1 Bedroom
Ask
2 Bedrooms
$900
900 sqft
3 Bedrooms
Ask
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 September 15 at 03:22am
10 Units Available
Brentwood West
3831 Brentwood Rd, Raleigh, NC
1 Bedroom
$815
779 sqft
2 Bedrooms
$850
981 sqft
3 Bedrooms
$1,009
1183 sqft
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 September 15 at 03:22am
12 Units Available
ARIUM Lake Johnson
3201 Walnut Crk, Raleigh, NC
1 Bedroom
$935
670 sqft
2 Bedrooms
$1,150
955 sqft
3 Bedrooms
$1,495
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 September 15 at 03:21am
9 Units Available
Village of Pickwick
4016 Twickenham Ct, Raleigh, NC
Studio
$839
563 sqft
1 Bedroom
$876
813 sqft
2 Bedrooms
$1,066
1282 sqft
Cozy apartments with walk-in closets, W/D hookup and breakfast bar in kitchen. Tenants have access to a grill area and swimming pool. Near Raleigh-Durham International Airport. Close to Lake Crabtree County Park.
Verified
Last updated September 15 at 03:22am
14 Units Available
ARIUM Trailwood
3004 Dorner Cir, Raleigh, NC
1 Bedroom
$930
810 sqft
2 Bedrooms
$1,205
1122 sqft
3 Bedrooms
Ask
Our beautiful apartment community features the largest apartments on Gorman Street set in a relaxing wooded atmosphere.

September 2019 Raleigh Rent Report

Welcome to the September 2019 Raleigh Rent Report. Raleigh rents increased 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.

View full Rent Report

September 2019 Raleigh Rent Report

Welcome to the September 2019 Raleigh Rent Report. Raleigh rents increased 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 increased moderately over the past month

Raleigh rents have increased 0.3% over the past month, and have increased moderately by 3.4% in comparison to the same time last year. Currently, median rents in Raleigh stand at $1,018 for a one-bedroom apartment and $1,177 for a two-bedroom. This is the tenth straight month that the city has seen rent increases after a decline in October of last year. Raleigh's year-over-year rent growth leads the state average of 2.7%, as well as the national average of 1.5%.

    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, all of them have seen prices rise. The state as a whole logged rent growth of 2.7% 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 $1,300; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Wilmington experiencing the fastest growth (+5.4%).
    • Cary, Durham, and High Point have all experienced year-over-year growth above the state average (4.3%, 3.9%, and 3.5%, respectively).

    Raleigh rents more affordable than many large cities nationwide

    As rents have increased moderately in Raleigh, a few large cities nationwide have also seen rents grow modestly. Raleigh is still more affordable than most large cities across the country.

    • Raleigh's median two-bedroom rent of $1,177 is slightly below the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 3.4% increase in Raleigh.
    • While Raleigh's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will find more reasonable prices in Raleigh than most large cities. For example, San Francisco has a median 2BR rent of $3,133, 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 price
    Median 2BR price
    M/M price change
    Y/Y price change
    Raleigh
    $1,020
    $1,180
    0.3%
    3.4%
    Cary
    $1,120
    $1,300
    0.2%
    4.3%
    Apex
    $1,160
    $1,350
    -0.3%
    3.9%
    Wake Forest
    $1,020
    $1,170
    -0.6%
    2.1%
    Garner
    $1,020
    $1,170
    0.5%
    3.4%
    Morrisville
    $1,180
    $1,380
    0.5%
    4.2%
    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.

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