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Apartments Under $500 in Raleigh, NC

1 - 5 of 5 Results
7
$ Ask - 1,340
Arbor Crest Apartments
5825 Pointer Drive Raleigh, NC
1 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
Pool
15
$ Ask - 1,665
Falls Creek Apartments & Townhomes
8800 Cattail Creek Place Raleigh, NC
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
7
$400 - 425
PER
ROOM
University Woods
4.0
2000 University Woods Drive Raleigh, NC
3 - 4 BR | Available Now
Contact
Student
In Unit Laundry
Dishwasher
25
$ Ask - 1,620
The Trails Of North Hills
1914 Generation Dr Unit G Raleigh, NC
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
5
$450
PER
ROOM
1911 Wolf Tech Lane
Raleigh, NC
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
1 - 5 of 5 Results
  1. Home
  2. Raleigh
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Raleigh, NC on Rentable.co?

There are 5 apartments under $500 in Raleigh currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Raleigh?

Rentable.co has 27 studio apartments under $500 available for rent in Raleigh.

How many one-bedroom apartments under $500 are available in Raleigh?

Rentable.co has 202 one-bedroom apartments under $500 available for rent in Raleigh.

How many two-bedroom apartments under $500 are available in Raleigh?

Rentable.co has 179 two-bedroom apartments under $500 available for rent in Raleigh.

Which neighborhoods have the most apartments under $500 for rent in Raleigh, NC?

  1. Cameron Park
  2. Downtown Raleigh
  3. Willow Bluffs
  4. Chestnut Hills
  5. Mine Valley

Apartments Under $500 in Raleigh, NC: August Rental Information

Welcome to the August 2026 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Raleigh rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Raleigh and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Raleigh.

Stay tuned for our comprehensive analysis of the Raleigh rental market, including a detailed breakdown of average rents and neighborhood-specific rent trends. Whether you're a renter searching for an affordable apartment or an investor exploring the rental market, the August 2026 Raleigh Apartment Report is a valuable resource to help you make informed decisions.
0 30 60 90 120 <$700 $760 $880 $1,000 $1,120 $1,240 $1,360 $1,480 $1,600 $1,720 $1,840 $1,960 $2,080 >$2,200

Available Apartments Under $500: Raleigh vs. Surrounding Areas

Raleigh, NC
Cary, NC
22
5
In August 2026, there were a total of 33 apartments under $500 available in the Raleigh, NC metro area. This includes not only apartments within the city itself, but also in nearby cities such as Benson, Zebulon, Middlesex, Morrisville, Cary, Clayton, Coats, Rolesville, Fuquay-Varina, Garner, Holly Springs, Knightdale, Wake Forest, Angier, Apex, Wendell, Willow Spring, and Youngsville. Rentable's apartment search tool provides you with the most up-to-date information on available apartments in this price range, allowing you to easily find an affordable place to rent in Raleigh and its surrounding communities.

Apartments Under $500 Now vs. Last Month: Raleigh and Surrounding Areas

City Apartments Under $500 in August M/M % Change
Raleigh, NC 23 +1.01%
Cary, NC 5 +0.89%
Apex, NC 3 +0.77%
Morrisville, NC 2 +0.56%
Holly Springs, NC 2 +0.78%
Zebulon, NC 1 +1.2%
Garner, NC 1 +0.75%
Wake Forest, NC 1 +1.33%
Benson, NC 0 +1.0%
Wendell, NC 0 +1.5%

Looking for Apartments Under $500 in Raleigh?

Available apartments under $500 658
Top amenities Fitness Center, Storage, In Unit Laundry, Microwave, Pet Friendly Community
Deals 9
Pet friendly 22
Utilities included 5
1 Bedroom 12
2 Bedroom 14
3 Bedroom 9
Square footage 130 - 1,224

Where are Raleigh Apartments Under $500?

Top Neighborhoods Cameron park, Downtown raleigh, Willow bluffs, Chestnut hills, Mine valley
Cameron Park 1
Downtown Raleigh 1
Willow Bluffs 1
Chestnut Hills 1
Mine Valley 1
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