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Apartments Under $500 in Raleigh, NC

1 - 6 of 6 Results
5
$450
PER
ROOM
1911 Wolf Tech Lane
Raleigh, NC
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
1
$500
University Woods- Room Available For Rent! Application Fee Credited Back To First Full Month's Rent!!
3730-303 Pardue Woods Pl Raleigh, NC
3 BR | Available Now
Contact
1
$500
4 Bed 4 Bath Condo At University Oaks With Individual Room Rentals. $250 Off Your First Full Month's Rent!
1120-202 Carlton Ave Raleigh, NC
4 BR | Available Now
Contact
Dishwasher
1
$500
4 Bed 4 Bath Condo At Lake Park. Individual Room Rentals Available. Application Fee Credited To Your First Full Month's Rent!
1341-304 Crab Orchard Dr Raleigh, NC
4 BR | Available Now
Contact
Dishwasher
Pool
1
$500
$120 Off Your First Full Month's Rent!!!
1351-103 Crab Orchard Dr Raleigh, NC
4 BR | Available Now
Contact
House
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
1 - 6 of 6 Results
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  2. Raleigh
  3. Apartments Under $500
Frequently Asked Questions

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

There are 6 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 10 studio apartments under $500 available for rent in Raleigh.

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

Rentable.co has 256 one-bedroom apartments under $500 available for rent in Raleigh.

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

Rentable.co has 247 two-bedroom apartments under $500 available for rent in Raleigh.

Can I afford a apartment under $500 in Raleigh, NC?

To comfortably afford a apartment under $500 in Raleigh based on average rent prices, a household would need an annual income of $20,000.

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

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

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

Welcome to the October 2026 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 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 October 2026 Raleigh Apartment Report is a valuable resource to help you make informed decisions.
0 22 45 67 90 <$600 $660 $780 $900 $1,020 $1,140 $1,260 $1,380 $1,500 $1,620 $1,740 $1,860 $1,980 $2,100 >$2,220

Available Apartments Under $500: Raleigh vs. Surrounding Areas

Raleigh, NC
Cary, NC
19
6
In October 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 October M/M % Change
Raleigh, NC 20 +1.13%
Cary, NC 6 +0.77%
Morrisville, NC 3 +0.77%
Apex, NC 3 +1.0%
Holly Springs, NC 2 +1.0%
Zebulon, NC 1 +1.25%
Wake Forest, NC 1 +0.75%
Garner, NC 1 +1.4%

Looking for Apartments Under $500 in Raleigh?

Available apartments under $500 466
Top amenities Fitness Center, Balcony/Deck/Patio, In Unit Laundry, Pool, Pet Friendly Community
Deals 33
Pet friendly 48
Utilities included 8
1 Bedroom 25
2 Bedroom 22
3 Bedroom 13
Square footage 130 - 1,449

Where are Raleigh Apartments Under $500?

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