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Apartments for Rent in Raleigh, NC under $500

Apartments for Rent in Raleigh, NC under $500. 3 Rentals Available
3 Rentals Available
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  • Rent specials
    1 bd $435+
    Total monthly cost
    Verified Listing

    4.5 (7)
    613 Charleston Road, Raleigh, NC 27606
    Apply online • Pet friendly • Fitness center
  • 1 bd $405
    Base rent
    Verified Listing

    311 Stoney Moss Drive, Raleigh, NC 27610
  • Ask for pricing
    Income restricted
    Verified Listing

    1631 Walnut Trace Drive, Raleigh, NC 27610
    Pet friendly • Fitness center • In unit laundry
3-0-city
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Frequently asked questions

When were prices and availability in Raleigh, NC last updated?

Prices and availability in Raleigh, NC were last updated on 25 Jul 2026.

What are the best apartments in Raleigh, NC?
What type of rental buildings are in Raleigh, NC?

In Raleigh, 49% of the residents are renting compared to 51% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Raleigh's rentals, 63% are small-scale complexes with under 50 units, and 16% are single-family rentals.

Search for apartments in Raleigh, NC under $500

There’s more than one way to spend $500 on rent in Raleigh, NC, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $500 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Raleigh, NC. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 3 apartments for rent below $500 in Raleigh, NC for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.