Best Affordable Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Brookhaven West, Fairview Acres, and Wolf Creek. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of March 27, 2026, the average rent in Raleigh is $1,370, which is 2.8% 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.
Brookhaven West
Average Rent
$989/Month
Units Available
14 Rentals
Brookhaven West is an affordable neighborhood in Raleigh with an average rent price of $989. Compare this to the city average of $1,370. Brookhaven West provides easy access to William B. Umstead State Park, Oak Park Shopping Center, and Raleigh-Durham International.
Fairview Acres
Average Rent
$1,015/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Fairview Acres might be the perfect place! It has an average rent price of $1,015, while the city’s average stands at $1,370. Fairview Acres is near Neuse Riverkeeper Foundation, WRAL Azalea Gardens, and NC State, Centennial Campus.
Wolf Creek
Average Rent
$1,054/Month
Units Available
25 Rentals
Wolf Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wolf Creek is $1,054 while the city average is $1,370. Residents enjoy convenient access to Raleigh-Durham International, NC State, Centennial Campus, and Lake Johnson Nature Park.
Oak Run Townhomes
Average Rent
$1,054/Month
Units Available
25 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Oak Run Townhomes. The average rent is $1,054, compared to the city average of $1,370. Oak Run Townhomes is convenient to J.C. Raulston Arboretum, Campbell University, and NC State, Centennial Campus.
Fairway North
Average Rent
$1,062/Month
Units Available
27 Rentals
Fairway North is an affordable neighborhood in Raleigh with an average rent price of $1,062. Compare this to the city average of $1,370. Fairway North provides easy access to Wake Technical, Northern Wake, North Wake Landfill District Park, and Raleigh-Durham International.
Old Farm
Average Rent
$1,075/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Old Farm might be the perfect place! It has an average rent price of $1,075, while the city’s average stands at $1,370. Old Farm is near Meredith College, Plaza West Shopping Center, and Campbell University.
Delta Ridge Townhomes
Average Rent
$1,080/Month
Units Available
10 Rentals
Delta Ridge Townhomes is a top choice for budget-conscious renters for a variety of reasons. The average rent in Delta Ridge Townhomes is $1,080 while the city average is $1,370. Residents enjoy convenient access to Lake Crabtree County Park, Townridge Shopping Center, and Shelley Lake.
Roylene Acres
Average Rent
$1,085/Month
Units Available
13 Rentals
When you’re looking for a great Raleigh neighborhood on a budget, check out Roylene Acres. The average rent is $1,085, compared to the city average of $1,370. Roylene Acres is convenient to Pullen Park, Campbell University, and Lake Johnson Nature Park.
Casa de Luna
Average Rent
$1,108/Month
Units Available
13 Rentals
Casa de Luna is an affordable neighborhood in Raleigh with an average rent price of $1,108. Compare this to the city average of $1,370. Casa de Luna provides easy access to Raleigh-Durham International, Durant Nature Park, and Brentwood Square.
Durant Trails
Average Rent
$1,113/Month
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Durant Trails might be the perfect place! It has an average rent price of $1,113, while the city’s average stands at $1,370. Durant Trails is near Marsh Creek Park, Olive Park Shopping Center, and North Wake Landfill District Park.
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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.