Apartments Under $500 in Raleigh, NC

1 - 1 of 1 Result
7
$400 - 425
PER
ROOM
2000 University Woods Drive Raleigh, NC
3 - 4 BR | Available Now
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Student
In Unit Laundry
Dishwasher
1 - 1 of 1 Results

All Apartments in Raleigh, NC

30 Results
32
$1,230 - 3,385
7203 Plumleaf Road Raleigh, NC
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
24
$1,145 - 1,660
6200 North Hills Drive Raleigh, NC
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
12
$1,420 - 1,790
Deal
205 W Davie St Raleigh, NC
Studio | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Storage
14
$1,263 - 2,569
101 Poe Drive Raleigh, NC
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
15
$1,050 - 1,800
4722 Dansey Dr Raleigh, NC
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
45
$1,680
921 Wake Towne Dr Raleigh, NC
Studio | Available Now
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Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
46
3D Tour
$1,370 - 1,635
2105 Ravenglass Place Raleigh, NC
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
42
$1,650
3531 Wake Forest Rd Raleigh, NC
Studio | Available Now
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Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
26
$1,449 - 1,695
5801 Blacksmith Drive Raleigh, NC
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
38
$1,238 - 2,047
6210 St Regis Circle Raleigh, NC
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
63
$1,157 - 1,962
4016 Twickenham Court Raleigh, NC
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
19
$1,135 - 2,680
1100 Lenoxplace Circle Raleigh, NC
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
43
$1,929
911 Wake Towne Dr Raleigh, NC
Studio | Available Now
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Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
48
$1,200 - 1,800
4009 Deep Hollow Dr Raleigh, NC
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
25
$1,455 - 3,615
10022 Meadow Chase Drive Raleigh, NC
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
17
$3,300 - 3,800
Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
24
$3,400 - 4,000
Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
Townhome
18
$3,200 - 3,600
Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
18
$1,300 - 1,800
Deal
3.4
2292 Fox Ridge Manor RD Raleigh, NC
2 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
17
$3,000 - 3,600
1620 Oakland Hills Way Raleigh, NC
3 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
House
24
$4,400 - 4,600
Raleigh, NC
3 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
House
22
$3,300 - 3,600
Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
House
24
$3,300 - 3,800
Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
9
$3,400 - 3,600
4618 Merendino St Raleigh, NC
2 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
House
66
$1,545 - 1,695
2816 Oberry St Raleigh, NC
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
33
$825 - 945
PER
ROOM
Deal
3.4
3333 Melrose Club Blvd Raleigh, NC
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Dishwasher
32
$600
3812 Oak Park RD Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
15
$950
4923 Southern Magnolia Dr Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
18
$807
7948 Dukes Dynasty Dr Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
12
3D Tour
$669 - 890
PER
ROOM
3101 Compatible Way Raleigh, NC
2 - 4 BR | Available Now
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Furnished
Dog Friendly
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Student
Virtual Tour
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  3. Apartments Under $500

Raleigh:
September Rent Report

Welcome to the September 2023 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2023 key findings and figures for the Raleigh rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Raleigh and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Raleigh average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Oct. 2022
Nov. 2022
Dec. 2022
Jan. 2023
Feb. 2023
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
1 BR       2 BR

Raleigh Rent Prices Increase From August to September

Raleigh rent prices increased over the last month. From August to September, the city experienced a 1.14% increase for the price of a one-bedroom apartment. The rent price for a Raleigh one-bedroom apartments currently stands at $1,152.0.

When we take a look at the two-bedroom comparison from August to September, Raleigh experienced a 0.42% increase for the price of a two-bedroom apartment. The rent price for a Raleigh two-bedroom apartments currently stands at $1,664.0.

September Prices: Raleigh vs. Surrounding Areas

Wake Forest, NC
Cary, NC
Garner, NC
Morrisville, NC
Clayton, NC
Apex, NC
Knightdale, NC
Raleigh, NC
$1,631
$1,466
$1,443
$1,431
$1,425
$1,377
$1,349
$1,139
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Raleigh and Surrounding Areas

Rent prices have increased in Raleigh over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Raleigh suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Clayton, NC, Garner, NC, Knightdale, NC .

  • Rent decreased in Cary, NC, Morrisville, NC, Apex, NC, Wake Forest, NC.

  • 7 suburbs are currently priced higher than the city of Raleigh.

September 2023 Pricing Trends: Raleigh vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Raleigh, NC
$4,026
$3,124
$2,533
$2,408
$1,900
$1,441
$1,299
$1,163
$1,139
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Raleigh Rent Prices More Affordable Than Major Cities

Rent growth in Raleigh over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Raleigh average rent prices appear to be relatively affordable for local residents.

The price for a Raleigh one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Raleigh and surrounding area rent prices, take a look at the complete data set below.

Data set for Raleigh and suburbs

1 BR September 1 BR M/M % Change 2 BR September 2 BR M/M % Change
Raleigh, NC $1,139.0 3.73% $1,657.0 0.55%
Cary, NC $1,466.0 -3.74% $1,784.0 -0.72%
Morrisville, NC $1,431.0 -0.21% $1,772.0 -0.28%
Clayton, NC $1,425.0 0.99% $1,624.0 0.62%
Apex, NC $1,377.0 -1.36% $1,670.0 0.72%
Wake Forest, NC $1,631.0 -0.61% $1,970.0 1.23%
Garner, NC $1,443.0 0.42% $1,636.0 0.31%
Knightdale, NC $1,349.0 2.27% $1,544.0 2.05%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.