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Cheap Apartments for Rent in Downtown Raleigh, Raleigh, NC

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  • Apartments Under $200 Apartments Under $600 Apartments Under $1,200 Apartments Under $1,300 Apartments Under $1,400

  • Apartments Under $200

  • Rent specials New Units Available
    Studio $1,360+
    1 bd $196+
    2 bd $2,299
    Total monthly cost
    Verified Listing

    The Lincoln

    5.0 (7)
    408 E Hargett Street, Raleigh, NC 27601
    Apply online • Pet friendly • Parking

  • Apartments Under $600

  • Studio $500
    1 bd $1,000
    2 bd $2,000
    Base rent
    Verified Listing

    Hayes Homes

    2833 Electric Circle, Raleigh, OR 27417
    Pet friendly

  • Apartments Under $1,200

  • Rent specials New Units Available
    1 bd $1,129+
    Base rent
    Verified Listing

    Capital Flats & Magnolia Square Apartments

    3.5 (1)
    500 East Hargett St, Raleigh, NC 27601
    Apply online • Pet friendly • Air conditioner

  • Apartments Under $1,300

  • Studio $1,250+
    1 bd $1,520+
    2 bd $2,295+
    Base rent
    Verified Listing

    The Acorn On Person Street

    422 S. Person St, Raleigh, NC 27601
    Pet friendly • Pool • In unit laundry

  • Apartments Under $1,400

  • Rent specials 25 units available
    Studio $1,345+
    1 bd $1,485+
    2 bd $2,325+
    Total monthly cost
    Verified Listing

    The Dillon

    401 West Hargett Street, Raleigh, NC 27603
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    Studio $1,360+
    1 bd $1,474+
    2 bd $2,394+
    Base rent
    Verified Listing

    Platform

    4.5 (15)
    600 W Cabarrus St, Raleigh, NC 27603
    Pet friendly • Fitness center • Pool
  • 6-0-nhood
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Frequently asked questions

What is the price of a cheap apartment in Downtown Raleigh, Raleigh, NC?

The price range of a cheap apartment is between $1,000 and $3,364.

How many cheap rentals are available in Downtown Raleigh, Raleigh, NC on RentCafe?

There are 37 cheap rentals available on RentCafe. Prices and availability in Downtown Raleigh, Raleigh, NC were last updated on 3 Oct 2026.

What is the average size of a cheap apartment in Downtown Raleigh, Raleigh, NC?

The average Downtown Raleigh, Raleigh, NC cheap apartment size is 955 sq. ft.

What are the advantages of renting a cheap apartment in Downtown Raleigh, Raleigh, NC?

Cheap apartments in Downtown Raleigh, Raleigh, NC are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Downtown Raleigh, Raleigh, NC?

A cheap apartment in Downtown Raleigh, Raleigh, NC offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Downtown Raleigh, Raleigh, NC? With RentCafe, finding an affordable apartment in Downtown Raleigh has never been easier. We feature 142 low-priced rentals directly from property managers, with rents lower than the Downtown Raleigh, Raleigh, NC average, which is currently $1,929. On RentCafe, Downtown Raleigh rents go as low as $196/mo.