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Apartments Under $500 in Raleigh, NC

1 - 10 of 10 Results
14
$500
Seeking Roommates For Shared Home
2601 101 Ivory Run Way Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
7
$435
Seeking roommates for shared home
5230 Meryton Park Way Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
18
$500
Seeking Roommates For Shared Home
8510 Beckett Chase Way Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
16
$495
Seeking roommates for shared home
909 Bragg St Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
12
$500
Beautifully Furnished 1 Bedroom Condo With Private Deck
6131 Summerpointe Pl Apt 301 Raleigh, NC
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
Walnut Ridge
1
$100
212 Regan Ln
Raleigh, NC
Studio | Available Now
Contact
Glenwood South
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
4 Bed 4 Bath Whole Unit Or Room Rentals With A $120 Application Fee Credited To The First Full Month's Rent!!
2130-204 Wolftech Ln Raleigh, NC
4 BR | Available Now
Contact
Dishwasher
5
$450
PER
ROOM
1911 Wolf Tech Lane
Raleigh, NC
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
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 - 10 of 10 Results
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Frequently Asked Questions

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

There are 10 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 59 studio apartments under $500 available for rent in Raleigh.

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

Rentable.co has 369 one-bedroom apartments under $500 available for rent in Raleigh.

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

Rentable.co has 221 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. Park at Perry Creek
  2. Cameron Park
  3. Glenwood South
  4. Downtown Raleigh
  5. Colonial Heights

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

Welcome to the November 2026 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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 November 2026 Raleigh Apartment Report is a valuable resource to help you make informed decisions.
0 15 30 45 60 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 $1,520 $1,600 $1,680 $1,760
This month, the typical cost to rent a one-bedroom apartment in Raleigh stands at $1,220, with the majority falling between $600 and $1,760. Out of the 5,694 one-bedroom apartments currently on the market in Raleigh, 15 are priced below $500, accounting for 0% of the total available one-bedroom units in Raleigh.

Available Apartments Under $500: Raleigh vs. Surrounding Areas

Raleigh, NC
Cary, NC
18
6
In November 2026, there were a total of 39 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 November M/M % Change
Raleigh, NC 19 +0.97%
Cary, NC 6 +1.0%
Apex, NC 3 +1.13%
Morrisville, NC 2 +1.27%
Holly Springs, NC 1 +1.22%
Zebulon, NC 1 +1.0%
Wake Forest, NC 0 +1.0%
Garner, NC 0 +1.0%

Looking for Apartments Under $500 in Raleigh?

Available apartments under $500 682
Top amenities Fitness Center, Balcony/Deck/Patio, In Unit Laundry, Pool, Pet Friendly Community
Deals 26
Pet friendly 66
Utilities included 14
1 Bedroom 25
2 Bedroom 37
3 Bedroom 18
Square footage 130 - 1,391

Where are Raleigh Apartments Under $500?

Top Neighborhoods Park at perry creek, Cameron park, Glenwood south, Downtown raleigh, Colonial heights
Park at Perry Creek 2
Cameron Park 1
Glenwood South 1
Downtown Raleigh 1
Colonial Heights 1
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