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Cheap Apartments for Rent in Raleigh, NC - 454 Rentals available

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Renting a Cheap Apartment in Raleigh

Hospitable Raleigh is the capital of North Carolina. The city is known for its warm climate, bicycle friendly atmosphere, and youthful culture. Raleigh is the home of North Carolina State University. The city is divided into neighborhood quadrants loosely based on geography. There are numerous parks and greenbelts around the city, creating great recreational opportunities. Raleigh’s economy is driven by banking, telecommunications and goods production. A recent tornado caused damage and fatalities here. Traditional team sports, golf, rugby and roller derby are all popular recreational pastimes.

Raleigh, NC Demographics

  • Total Population449,477
  • Female 217,048
    Male 232,429
  • Median Age33.1

Average Rent in Raleigh, NC

  • Raleigh, NC Average Rental Price, December 2019 $1,222 /mo

    Raleigh, NC Apartment Rent Ranges

    • $501-$7001%
    • $701-$1,00026%
    • $1,001-$1,50059%
    • $1,501-$2,0009%
    • > $2,0005%

    Raleigh, NC Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
    Raleigh, NC $1,093 $1,090 $1,117 $1,114 $1,115 $1,152 $1,160 $1,168 $1,208 $1,224 $1,222
    National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
    /

    Average rent is projected to grow by 5% in 2019 compared to 2018.

    Please note that projected rent growth is calculated at city level.

    Check out the average rent prices in Raleigh by neighborhood.

    Raleigh, NC Households

    • Total Number of Households176,870
    • Family 98,955
      Non-family 77,915
    • Children 53,753
      No Children 123,117
    • Average People Per Household2.43
    • Median Household Income$61,505
    • Median Housing Costs Per Month$1,117

    Raleigh, NC Education Statistics

    • No High School4%
    • Some High School22%
    • Some College22%
    • Associate Degree7%
    • Bachelor Degree30%
    • Graduate Degree16%

    Looking for a cheap apartment for rent in Raleigh, NC? With RENTCafé, finding an affordable apartment in Raleigh, NC has never been easier. We feature 472 low-priced rentals directly from property managers, with rents lower than the Raleigh, NC average. What is a cheap rent in Raleigh, NC? The average apartment rent in Raleigh is $1,222 per month so any rental south of $978 would be considered cheap here. On RENTCafé, Raleigh, NC rents go as low as $725/mo.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!