Apartments Under $800
Apartments Under $900
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Frequently Asked Questions
What are the cheapest apartments in Raleigh, NC?
Many factors can influence the price of a rental, including its size and location. Depending on where you want to rent and how much space you need, prices vary. The cheapest apartments are likely to be studios—smaller apartments—located further away from major interest points in the Raleigh, NC area.
How big is a cheap apartment in Raleigh, NC?
“Cheap” is a relative term which does not imply that the apartment is extremely small or low-quality. There are buildings and units specifically built for affordability purposes. As such, you can find cheap apartments in any size, ranging from studio apartments, 1-bedroom, 2-bedroom, to even 3-bedroom apartments. The average size of an apartment in Raleigh, NC is 958 sq. ft. The average size of an apartment in Raleigh, NC is 958 sq. ft.
How much rent can I afford in Raleigh, NC?
The recommended percentage to be spent on rent is 30% of your monthly income. To figure out how much that means, you can use RENTCafé’s rent affordability calculator to find your range for rentals in Raleigh, NC.
How can I search for cheap apartments for rent in Raleigh, NC?
When searching for specific types of rental apartments in Raleigh, NC, go on RENTCafé’s search page and filter by price, size, or amenities. For cheap apartments, you can either type in a price range, or sort them automatically by selecting “cheap” under the “price category” from the “more” drop-down menu.
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 217,048Male 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
- > $2,0005%
Raleigh, NC Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Dec / 2019|
Average rent is projected to grow by 5% in 2019 compared to 2018.
Please note that projected rent growth is calculated at city level.
Raleigh, NC Households
- Total Number of Households176,870
Family 98,955Non-family 77,915
Children 53,753No 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.