Best Affordable Neighborhoods in Raleigh, NC

Some of the cheapest neighborhoods in Raleigh are Lake Park Condominiums, Brookhaven West, and Londonderry Townhomes. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of December 23, 2025, the average rent in Raleigh is $1,353, which is 1.9% 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

$917/Month

Units Available

23 Rentals

Lake Park Condominiums is an affordable neighborhood in Raleigh with an average rent price of $917. Compare this to the city average of $1,353. Lake Park Condominiums provides easy access to Western Square, Lake Johnson Nature Park, and Mission Valley Shopping Center.

Apartments for Rent in Lake Park Condominiums Lake Park Condominiums Cheap Apartments

Brookhaven West

Average Rent

$1,032/Month

Units Available

22 Rentals

If you’re looking for a great, affordable neighborhood in Raleigh, Brookhaven West might be the perfect place! It has an average rent price of $1,032, while the city’s average stands at $1,353. Brookhaven West is near Meredith College, Shelley Lake, and Wake Technical, Adult Edu Ctr.

Apartments for Rent in Brookhaven West Brookhaven West Cheap Apartments

Londonderry Townhomes

Average Rent

$1,060/Month

Units Available

57 Rentals

Londonderry Townhomes is a top choice for budget-conscious renters for a variety of reasons. The average rent in Londonderry Townhomes is $1,060 while the city average is $1,353. Residents enjoy convenient access to Oak Park Shopping Center, J.C. Raulston Arboretum, and NC State.

Apartments for Rent in Londonderry Townhomes Londonderry Townhomes Cheap Apartments

Delta Ridge Townhomes

Average Rent

$1,068/Month

TransitScore® Rating

26/100

Units Available

10 Rentals

When you’re looking for a great Raleigh neighborhood on a budget, check out Delta Ridge Townhomes. The average rent is $1,068, compared to the city average of $1,353. Delta Ridge Townhomes is convenient to NC State, Centennial Campus, Haverty Square, and Lake Crabtree County Park. The community is car-dependent with a WalkScore® of 34.

Delta Ridge

Average Rent

$1,075/Month

Units Available

21 Rentals

Delta Ridge is an affordable neighborhood in Raleigh with an average rent price of $1,075. Compare this to the city average of $1,353. Delta Ridge provides easy access to Raleigh-Durham International, NC State, Centennial Campus, and William Peace University.

Apartments for Rent in Delta Ridge Delta Ridge Cheap Apartments

Birchwood Hills

Average Rent

$1,080/Month

TransitScore® Rating

42/100

Units Available

10 Rentals

If you’re looking for a great, affordable neighborhood in Raleigh, Birchwood Hills might be the perfect place! It has an average rent price of $1,080, while the city’s average stands at $1,353. Birchwood Hills is near Mordecai Historic Park, Meredith College, and Pullen Park.

Apartments for Rent in Birchwood Hills Birchwood Hills Cheap Apartments

Fairview Acres

Average Rent

$1,086/Month

Units Available

11 Rentals

Fairview Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fairview Acres is $1,086 while the city average is $1,353. Residents enjoy convenient access to Plaza West Shopping Center, J.C. Raulston Arboretum, and South Hills Shopping Center.

Apartments for Rent in Fairview Acres Fairview Acres Cheap Apartments

Westlake Village

Average Rent

$1,091/Month

TransitScore® Rating

0/100

Units Available

40 Rentals

When you’re looking for a great Raleigh neighborhood on a budget, check out Westlake Village. The average rent is $1,091, compared to the city average of $1,353. Westlake Village is convenient to Pinecrest Pointe Shopping Center, Lynwood Plaza, and Meredith College. The community is car-dependent with a WalkScore® of 7.

Apartments for Rent in Westlake Village Westlake Village Cheap Apartments

Shamrock Meadows

Average Rent

$1,096/Month

Units Available

31 Rentals

Shamrock Meadows is an affordable neighborhood in Raleigh with an average rent price of $1,096. Compare this to the city average of $1,353. Shamrock Meadows provides easy access to William Peace University, Tarrymore Square, and Wake Technical, Health Science.

Apartments for Rent in Shamrock Meadows Shamrock Meadows Low Income Apartments

Pepperdyne

Average Rent

$1,102/Month

TransitScore® Rating

38/100

Units Available

10 Rentals

If you’re looking for a great, affordable neighborhood in Raleigh, Pepperdyne might be the perfect place! It has an average rent price of $1,102, while the city’s average stands at $1,353. Pepperdyne is near Durant Nature Park, Wake Technical, Northern Wake, and Capital Crossing.

Apartments for Rent in Pepperdyne Pepperdyne Cheap Apartments Pepperdyne Low Income Apartments

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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.