Most Affordable Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Lake Park Condominiums, Pine Ridge, and Delta Ridge. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Raleigh is $1,401, which is 1% higher 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
$1,012/Month
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Lake Park Condominiums might be the perfect place! It has an average rent price of $1,012, while the city’s average stands at $1,401. Lake Park Condominiums is near Meredith College, Lake Johnson Nature Park, and Western Square.
Pine Ridge
Average Rent
$1,085/Month
Units Available
29 Rentals
Pine Ridge is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pine Ridge is $1,085 while the city average is $1,401. Residents enjoy convenient access to Wake Technical, Adult Edu Ctr, Lake Ridge Center, and William Peace University.
Delta Ridge
Average Rent
$1,116/Month
Units Available
19 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Delta Ridge. The average rent is $1,116, compared to the city average of $1,401. Delta Ridge is convenient to NC State, Centennial Campus, William B. Umstead State Park, and Raleigh-Durham International.
Durant Trails
Average Rent
$1,131/Month
Units Available
16 Rentals
Durant Trails is an affordable neighborhood in Raleigh with an average rent price of $1,131. Compare this to the city average of $1,401. Durant Trails provides easy access to Wake Technical, Northern Wake, Durant Nature Park, and Raleigh-Durham International.
Heathrow Durant Trace
Average Rent
$1,131/Month
TransitScore® Rating
22/100
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Heathrow Durant Trace might be the perfect place! It has an average rent price of $1,131, while the city’s average stands at $1,401. Heathrow Durant Trace is near Olive Park Shopping Center, William Peace University, and Wake Technical, Health Science.
Somerset Place
Average Rent
$1,132/Month
Units Available
10 Rentals
Somerset Place is a top choice for budget-conscious renters for a variety of reasons. The average rent in Somerset Place is $1,132 while the city average is $1,401. Residents enjoy convenient access to Wake Technical, Northern Wake, North Wake Landfill District Park, and Durant Nature Park.
Greencastle
Average Rent
$1,148/Month
TransitScore® Rating
36/100
Units Available
13 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Greencastle. The average rent is $1,148, compared to the city average of $1,401. Greencastle is convenient to Wake Technical, Northern Wake, Brentwood Square, and Wake Technical, Health Science. The community is car-dependent with a WalkScore® of 31.
Casa de Luna
Average Rent
$1,148/Month
TransitScore® Rating
36/100
Units Available
13 Rentals
Casa de Luna is an affordable neighborhood in Raleigh with an average rent price of $1,148. Compare this to the city average of $1,401. Casa de Luna provides easy access to Paddington Station, Durant Nature Park, and Wake Technical, Northern Wake. It’s a car-dependent neighborhood with a WalkScore® of 25.
Shamrock Meadows
Average Rent
$1,157/Month
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Shamrock Meadows might be the perfect place! It has an average rent price of $1,157, while the city’s average stands at $1,401. Shamrock Meadows is near Shelley Lake, Wake Technical, Health Science, and Ashton Square.
Fairview Acres
Average Rent
$1,159/Month
Units Available
36 Rentals
Fairview Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fairview Acres is $1,159 while the city average is $1,401. Residents enjoy convenient access to Lake Johnson Nature Park, Buck Jones Village, and Plaza West Shopping Center.
Ready to make your move to Raleigh? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.