Apartments for Rent in North Carolina under $500
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2 bd $479+Base rent4.0 (3)2 Hiltin Place, Greensboro, NC 27409Pet friendly • Fitness center • Dishwasher
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3 bd $425+Total monthly cost4.5 (7)613 Charleston Road, Raleigh, NC 27606Pet friendly • Fitness center • Pool
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1 bd $421+Base rent Income restricted4.0 (2)114 Hunting Ridge Road, Roanoke Rapids, NC 27870Pet friendly • Fitness center • In unit laundry
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Ask for pricing4.5 (8)105 South Center Street, Hickory, NC 28602Pet friendly • Fitness center • In unit laundry
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Ask for pricing4.5 (9)613 Hull Drive, Elizabeth City, NC 27909Pet friendly • Fitness center • In unit laundry
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Ask for pricing4.5 (6)1420 4Th Street Drive, NW, Hickory, NC 28601Pet friendly • Fitness center • In unit laundry
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2 bd $430Base rent5.0 (1)10400 Northlake Centre Parkway, Charlotte, NC 28216Pet friendly • Fitness center • In unit laundry
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Ask for pricing4.5 (6)126 Vance Po Road, Statesville, NC 28625Pet friendly • In unit laundry • Dishwasher
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Ask for pricing5.0 (1)3000 Academic Drive, New Bern, NC 28562Pet friendly • Fitness center • In unit laundry
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1 bd $405+Base rent4.5 (39)1825 Old Wilkesboro Rd., Statesville, NC 28625Fitness center • In unit laundry • High Speed Internet
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Ask for pricing3324 Frontgate Drive #13, Greenville, NC 27834Pet friendly • Patio/Balcony • Air conditioner
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Ask for Pricing85 N Alta View Dr, Cullowhee, NC 28723Pet friendly • Fitness center • Pool
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1 bd $4302 bd $485Base rent6736 Bone Creek Drive, Fayetteville, NC 28314 -
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1 bd $4402 bd $500Base rent117 Covey Quail Lane, Whiteville, NC 28472 -
Ask for pricingIncome restricted136 Fiddlehead Ln SE, Conover, NC 28613Pet friendly • Fitness center • In unit laundry
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Ask for pricingIncome restricted320 E. Harris Place, Eden, NC 27288Pet friendly • Fitness center • In unit laundry
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1 bd $455Base rent Income restricted4.5 (6)200 Keller Way Drive, Goldsboro, NC 27530
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Studio $350+Base rent5.0 (1)601 W Rosemary #220, Chapel Hill, NC 27516Pet friendly -
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Ask for pricingIncome restricted2501 Sixteenth Street, Greensboro, NC 27405Pet friendly • Fitness center • In unit laundry -
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Ask for pricingIncome restricted1631 Walnut Trace Drive, Raleigh, NC 27610Pet friendly • Fitness center • In unit laundry -
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Ask for pricingIncome restricted125 Martin Rd, Swannanoa, NC 28778Pet friendly • Fitness center • In unit laundry -
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Ask for pricingIncome restricted4180 Murdocksville Road, West End, NC 27376Pet friendly • In unit laundry • Patio/Balcony -
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Ask for pricingIncome restricted90 Unity Lane, Columbus, NC 28722Pet friendly • Fitness center • In unit laundry -
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Frequently asked questions
When were prices and availability in North Carolina last updated?
Prices and availability in North Carolina were last updated on 14 Jul 2026.
What are the best apartments in North Carolina?
The best apartments in North Carolina are: Retreat at Arden Farms, Ansley at Roberts Lake, Autumn Park Apartments, Alden Place at South Square and Regency Place.
What type of rental buildings are in North Carolina?
In North Carolina 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 9% of North Carolina's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 32% are single-family rentals.
Renting apartments in North Carolina under $500
Searching for apartments for rent in North Carolina under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In North Carolina, where the average rent is $586 per month, there are 40 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in North Carolina. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in North Carolina going for $215 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.