Best Affordable Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Lake Park Condominiums, Fairview Acres, and Old Farm. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of November 7, 2025, the average rent in Raleigh is $1,353, which is 1.7% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Lake Park Condominiums
Average Rent
$973/Month
Units Available
20 Rentals
Lake Park Condominiums is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lake Park Condominiums is $973 while the city average is $1,353. Residents enjoy convenient access to NC State, Centennial Campus, J.C. Raulston Arboretum, and Lake Johnson Nature Park.
Fairview Acres
Average Rent
$1,058/Month
Units Available
12 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Fairview Acres. The average rent is $1,058, compared to the city average of $1,353. Fairview Acres is convenient to Pullen Park, Plaza West Shopping Center, and Lake Johnson Nature Park.
Old Farm
Average Rent
$1,077/Month
TransitScore® Rating
33/100
Units Available
13 Rentals
Old Farm is an affordable neighborhood in Raleigh with an average rent price of $1,077. Compare this to the city average of $1,353. Old Farm provides easy access to Lake Johnson Nature Park, J.C. Raulston Arboretum, and Swift Creek Bluffs Nature Preserve. It’s a car-dependent neighborhood with a WalkScore® of 38.
Delta Ridge
Average Rent
$1,078/Month
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Delta Ridge might be the perfect place! It has an average rent price of $1,078, while the city’s average stands at $1,353. Delta Ridge is near Shelley Lake, Meredith College, and NC State.
Wolf Creek
Average Rent
$1,083/Month
TransitScore® Rating
30/100
Units Available
24 Rentals
Wolf Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wolf Creek is $1,083 while the city average is $1,353. Residents enjoy convenient access to Lake Johnson Nature Park, William Peace University, and WRAL Azalea Gardens. The neighborhood is considered car-dependent with a WalkScore® of 39.
Oak Run Townhomes
Average Rent
$1,083/Month
Units Available
24 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Oak Run Townhomes. The average rent is $1,083, compared to the city average of $1,353. Oak Run Townhomes is convenient to South Hills Shopping Center, Plaza West Shopping Center, and Raleigh-Durham International.
Roylene Acres
Average Rent
$1,090/Month
TransitScore® Rating
33/100
Units Available
13 Rentals
Roylene Acres is an affordable neighborhood in Raleigh with an average rent price of $1,090. Compare this to the city average of $1,353. Roylene Acres provides easy access to Plaza West Shopping Center, WRAL Azalea Gardens, and NC State. It’s a car-dependent neighborhood with a WalkScore® of 38.
Delta Ridge Townhomes
Average Rent
$1,114/Month
TransitScore® Rating
26/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Delta Ridge Townhomes might be the perfect place! It has an average rent price of $1,114, while the city’s average stands at $1,353. Delta Ridge Townhomes is near Haverty Square, NC State, Centennial Campus, and Meredith College.
Pointe at Crabtree
Average Rent
$1,120/Month
TransitScore® Rating
29/100
Units Available
49 Rentals
Pointe at Crabtree is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pointe at Crabtree is $1,120 while the city average is $1,353. Residents enjoy convenient access to Meredith College, Haverty Square, and Townridge Shopping Center. The neighborhood is considered walkable with a WalkScore® of 77.
Brookhaven West
Average Rent
$1,130/Month
Units Available
24 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Brookhaven West. The average rent is $1,130, compared to the city average of $1,353. Brookhaven West is convenient to Meredith College, J.C. Raulston Arboretum, and Oak Park Shopping Center.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.