Most Affordable Neighborhoods in Raleigh, NC

Some of the cheapest neighborhoods in Raleigh are Triangle Town Center, East Raleigh, and South Raleigh. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of April 28, 2025, the average rent in Raleigh is $1,396, which is 1.1% 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.

Triangle Town Center

Average Rent

$1,287/Month

Year-Over-Year Rent Change

0.9%

TransitScore® Rating

36/100

Units Available

408 Rentals

Triangle Town Center in Raleigh, North Carolina, is a budget-friendly neighborhood near the heart of Downtown Raleigh. With convenient access to a namesake shopping mall, the neighborhood provides easy connections to retail stores, dining, and entertainment venues. Affordable living here ensures both convenience and enjoyment.

East Raleigh

Average Rent

$1,416/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

12/100

Units Available

742 Rentals

East Raleigh is a rural, residential neighborhood with easy access to downtown, as well grocery stores, shopping centers, and hospitals. Affordable living in East Raleigh offers practicality for renters seeking proximity to city amenities.

South Raleigh

Average Rent

$1,445/Month

Year-Over-Year Rent Change

2.9%

TransitScore® Rating

8/100

Units Available

609 Rentals

South Raleigh provides homes near key transportation routes and commercial hubs. Multiple parks and recreational facilities offer plenty of outdoor activities. Affordable living in South Raleigh makes it a sensible choice for those seeking convenience.

Parkland/Hidden Creek

Average Rent

$1,449/Month

Year-Over-Year Rent Change

3.6%

TransitScore® Rating

33/100

Units Available

371 Rentals

If you’re looking for a great, affordable neighborhood in Raleigh, Parkland/Hidden Creek might be the perfect place! It has an average rent price of $1,449, while the city’s average stands at $1,396. In the last year, prices have decreased by 3.6%. Parkland/Hidden Creek is near Raleigh-Durham International, Historic Yates Mill County Park, and Raleigh Oaks Shopping Center.

North Raleigh

Average Rent

$1,471/Month

Year-Over-Year Rent Change

0.2%

TransitScore® Rating

23/100

Units Available

544 Rentals

North Raleigh is set within a serene and green environment. This area is home to numerous parks and provides ample opportunities for outdoor activities. Renters will find North Raleigh accessible and peaceful.

Trinity Park

Average Rent

$1,529/Month

Year-Over-Year Rent Change

5.9%

TransitScore® Rating

25/100

Units Available

245 Rentals

Trinity Park in Raleigh is convenient to some of Raleigh's most well-known attractions, such as the PNC Arena, the NC State Fair, and the Centennial Biomedical Campus. Tree-lined streets and close proximity to downtown enhance its charm. Residents enjoy neighborhood walks, special events, and budget-friendly housing, all within the same neighborhood.

Brier Creek

Average Rent

$1,559/Month

Year-Over-Year Rent Change

2.7%

TransitScore® Rating

19/100

Units Available

358 Rentals

Brier Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brier Creek is $1,559 while the city average is $1,396. This is a -2.7% difference from last year. Residents enjoy convenient access to Shelley Lake, Durham Tech. Comm. Coll., and Brier Creek Commons. The neighborhood is considered car-dependent with a WalkScore® of 42.

Highland Park

Average Rent

$1,567/Month

Year-Over-Year Rent Change

1.6%

TransitScore® Rating

19/100

Units Available

215 Rentals

When you’re looking for a great Raleigh neighborhood on a budget, check out Highland Park. The average rent is $1,567, compared to the city average of $1,396. Rent prices have decreased by 1.6%. Highland Park is convenient to Wake Technical, Health Science, The Shoppes at Wakefield Park, and Wake Technical, Adult Edu Ctr. The community is car-dependent with a WalkScore® of 47.

Crabtree Valley

Average Rent

$1,631/Month

Year-Over-Year Rent Change

2%

TransitScore® Rating

34/100

Units Available

512 Rentals

Crabtree Valley offers rentals near the popular Crabtree Valley Mall, home to over 200 stores and dining options. The neighborhood is just miles away from Raleigh's headlining amenities, such as the Durham International Airport and the North Carolina Museum of Art.

Northwest Raleigh

Average Rent

$1,640/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

18/100

Units Available

1,183 Rentals

Northwest Raleigh is an affordable neighborhood in Raleigh with an average rent price of $1,640. Compare this to the city average of $1,396. In the past year, rent prices have decreased by 2.1%. Northwest Raleigh provides easy access to William B. Umstead State Park, NC State, and Blue Jay Center for Environmental Education. It’s a car-dependent neighborhood with a WalkScore® of 38.

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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.