If you’re searching for a new place to live in Raleigh, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Raleigh neighborhoods have continued to increase over the years. Luckily, even in 2026, there are some Raleigh neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Raleigh for renters is sorted by lowest median rental rates compared to the Raleigh average.

Population 17,846
-37%
Median Rent $1,127 / month
37% less expensive than Raleigh
Population 7,459
-27%
Median Rent $1,315 / month
27% less expensive than Raleigh
Population 79,475
-27%
Median Rent $1,321 / month
27% less expensive than Raleigh
Population 38,968
-23%
Median Rent $1,382 / month
23% less expensive than Raleigh
Population 23,285
-23%
Median Rent $1,382 / month
23% less expensive than Raleigh
Population 28,830
-21%
Median Rent $1,420 / month
21% less expensive than Raleigh
Population 90,161
-18%
Median Rent $1,474 / month
18% less expensive than Raleigh
Population 84,970
-17%
Median Rent $1,490 / month
17% less expensive than Raleigh
Population 12,014
-7%
Median Rent $1,676 / month
7% less expensive than Raleigh
Population 8,919
-3%
Median Rent $1,753 / month
3% less expensive than Raleigh
Is This the Right Place for You? Local Insights Report
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Local Insights Report