Best Affordable Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Village on the Green, Lynndale Estates, and Brookhaven West. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of February 10, 2026, the average rent in Raleigh is $1,365, which is 3.2% 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.
Village on the Green
Average Rent
$1,017/Month
TransitScore® Rating
25/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Village on the Green might be the perfect place! It has an average rent price of $1,017, while the city’s average stands at $1,365. Village on the Green is near Six Forks At Newton Rd, William B. Umstead State Park, and Durant Nature Park.
Lynndale Estates
Average Rent
$1,017/Month
Units Available
11 Rentals
Lynndale Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lynndale Estates is $1,017 while the city average is $1,365. Residents enjoy convenient access to Mordecai Historic Park, Six Forks At Newton Rd, and Durant Nature Park.
Brookhaven West
Average Rent
$1,037/Month
Units Available
23 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Brookhaven West. The average rent is $1,037, compared to the city average of $1,365. Brookhaven West is convenient to J.C. Raulston Arboretum, Shelley Lake, and Oak Park Shopping Center.
Delta Ridge
Average Rent
$1,061/Month
Units Available
19 Rentals
Delta Ridge is an affordable neighborhood in Raleigh with an average rent price of $1,061. Compare this to the city average of $1,365. Delta Ridge provides easy access to William Peace University, NC State, and J.C. Raulston Arboretum.
Delta Ridge Townhomes
Average Rent
$1,064/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 $1,064, while the city’s average stands at $1,365. Delta Ridge Townhomes is near William Peace University, Townridge Shopping Center, and Haverty Square.
Valley Springs
Average Rent
$1,097/Month
TransitScore® Rating
32/100
Units Available
24 Rentals
Valley Springs is a top choice for budget-conscious renters for a variety of reasons. The average rent in Valley Springs is $1,097 while the city average is $1,365. Residents enjoy convenient access to Southgate Plaza, Wake Technical, Public Safety, and Chavis Park. The neighborhood is considered car-dependent with a WalkScore® of 28.
Somerset Place
Average Rent
$1,097/Month
Units Available
12 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Somerset Place. The average rent is $1,097, compared to the city average of $1,365. Somerset Place is convenient to Wake Technical, Health Science, Wake Technical, Northern Wake, and Home Depot.
Wakefield
Average Rent
$1,099/Month
TransitScore® Rating
39/100
Units Available
15 Rentals
Wakefield is an affordable neighborhood in Raleigh with an average rent price of $1,099. Compare this to the city average of $1,365. Wakefield provides easy access to Trawick Corners Shopping Center, Raleigh-Durham International, and Tower Shopping Center. It’s a car-dependent neighborhood with a WalkScore® of 1.
Bentley Woods
Average Rent
$1,100/Month
TransitScore® Rating
25/100
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Bentley Woods might be the perfect place! It has an average rent price of $1,100, while the city’s average stands at $1,365. Bentley Woods is near William Peace University, Marsh Creek Park, and Wal-Mart.
Fairway North
Average Rent
$1,104/Month
TransitScore® Rating
42/100
Units Available
30 Rentals
Fairway North is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fairway North is $1,104 while the city average is $1,365. Residents enjoy convenient access to North Wake Landfill District Park, Durant Nature Park, and Raleigh-Durham International. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
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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.