Cheapest Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Sandy Land Village, Valley Springs, and Wakefield. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of September 24, 2026, the average rent in Raleigh is $1,384, which is 0.8% 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.
Sandy Land Village
Average Rent
$1,031/Month
Units Available
18 Rentals
Sandy Land Village is an affordable neighborhood in Raleigh with an average rent price of $1,031. Compare this to the city average of $1,384. Sandy Land Village provides easy access to Hidden Valley Plaza II, Wake Technical, Adult Edu Ctr, and Stonehenge Market.
Valley Springs
Average Rent
$1,084/Month
Year-Over-Year Rent Change
0.1%
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Valley Springs might be the perfect place! It has an average rent price of $1,084, while the city’s average stands at $1,384. In the last year, prices have increased by 0.1%. Valley Springs is near Walnut Creek Wetland Center, Raleigh-Durham International, and Southgate Plaza.
Wakefield
Average Rent
$1,119/Month
Units Available
22 Rentals
Wakefield is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wakefield is $1,119 while the city average is $1,384. Residents enjoy convenient access to Anderson Point Park, Historic Oak View County Park, and Walnut Creek Wetland Center.
Wakefield
Average Rent
$1,119/Month
Units Available
22 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Wakefield. The average rent is $1,119, compared to the city average of $1,384. Wakefield is convenient to Raleigh-Durham International, Trawick Corners Shopping Center, and 440 East.
St Marys Estates/Emerald Village
Average Rent
$1,168/Month
Units Available
44 Rentals
St Marys Estates/Emerald Village is an affordable neighborhood in Raleigh with an average rent price of $1,168. Compare this to the city average of $1,384. St Marys Estates/Emerald Village provides easy access to Southridge Marketplace, Walnut Creek Wetland Center, and Wake Technical, Health Science.
Southeast Raleigh
Average Rent
$1,207/Month
Year-Over-Year Rent Change
5.8%
Units Available
86 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Southeast Raleigh might be the perfect place! It has an average rent price of $1,207, while the city’s average stands at $1,384. In the last year, prices have decreased by 5.8%. Southeast Raleigh is near Raleigh-Durham International, Wake Technical, Health Science, and Wake Technical, Adult Edu Ctr.
Brentwood
Average Rent
$1,274/Month
Year-Over-Year Rent Change
5.6%
Units Available
105 Rentals
Brentwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brentwood is $1,274 while the city average is $1,384. This is a 5.6% difference from last year. Residents enjoy convenient access to Brentwood Square, Raleigh-Durham International, and Capital Square Shopping Center.
Loop Road
Average Rent
$1,274/Month
Units Available
11 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Loop Road. The average rent is $1,274, compared to the city average of $1,384. Loop Road is convenient to Anderson Point Park, Marsh Creek Park, and Raleigh-Durham International.
Northwest Raleigh
Average Rent
$1,277/Month
Year-Over-Year Rent Change
1.6%
Units Available
283 Rentals
Northwest Raleigh offers a variety of affordable housing options with access to shopping centers and dining establishments. Several parks and recreational areas add to the neighborhood's appeal. Budget-conscious renters will find Northwest Raleigh both practical and convenient.
Southwest Raleigh
Average Rent
$1,283/Month
Year-Over-Year Rent Change
4.3%
Units Available
137 Rentals
Southwest Raleigh boasts cost-effective rental homes near several educational institutions, including North Carolina State University. The area includes various parks and events put on by NCSU, ensuring plenty of recreational activities. Affordable housing in Southwest Raleigh appeals to students and professionals alike.
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.