Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Raleigh area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Raleigh, NC

1 - 7 of 7 Results
16
$475
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
25
$500
Seeking roommates for shared home
3209 Daingerfield Dr Raleigh, NC
1 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
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
5
$450
PER
ROOM
1911 Wolf Tech Lane
Raleigh, NC
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
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
7
$ Ask - 1,340
Arbor Crest Apartments
5825 Pointer Drive Raleigh, NC
1 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
Pool
1 - 7 of 7 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 7 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 2 studio apartments under $500 available for rent in Raleigh.

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

Rentable.co has 212 one-bedroom apartments under $500 available for rent in Raleigh.

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

Rentable.co has 194 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 $19,000.

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

  1. Chestnut Hills
  2. Bentley Woods

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

Welcome to the February 2026 Raleigh Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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 February 2026 Raleigh Apartment Report is a valuable resource to help you make informed decisions.
0 32 65 97 130 <$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 $2,320 $2,440 $2,560
This month, the typical cost to rent a one-bedroom apartment in Raleigh stands at $1,340, with the majority falling between $690 and $2,580. Out of the 6,293 one-bedroom apartments currently on the market in Raleigh, 8 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
14
3
In February 2026, there were a total of 25 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 February M/M % Change
Raleigh, NC 14 +0.77%
Cary, NC 3 +1.0%
Holly Springs, NC 2 +0.75%
Apex, NC 1 +0.83%
Zebulon, NC 1 -1.0%
Garner, NC 0 0.0%

Looking for Apartments Under $500 in Raleigh?

Available apartments under $500 326
Top amenities Fitness Center, In Unit Laundry, Pool, Ceiling Fans, Pet Friendly Community
Deals 4
Pet friendly 33
Utilities included 13
1 Bedroom 17
2 Bedroom 11
3 Bedroom 8
Square footage 130 - 1,224
Browse Raleigh Apartments
Raleigh Apartments by Neighborhood
Raleigh Apartments by Bedrooms
Raleigh Apartments by Affordability
Raleigh Apartments with Amenities
Raleigh Apartments by Type
Colleges Near Raleigh
Raleigh Apartments by Zip Code