Most Affordable Neighborhoods in Raleigh, NC
Some of the cheapest neighborhoods in Raleigh are Triangle Town Center, East Raleigh, and Parkland/Hidden Creek. These neighborhoods offer some of the lowest rent prices in Raleigh, making them ideal for renters on a budget. As of March 3, 2025, the average rent in Raleigh is $1,369, which is 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.
Triangle Town Center
Average Rent
$1,282/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
36/100
Units Available
439 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
$1,378/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
12/100
Units Available
767 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.
Parkland/Hidden Creek
Average Rent
$1,386/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
33/100
Units Available
455 Rentals
Parkland/Hidden Creek is an affordable neighborhood in Raleigh with an average rent price of $1,386. Compare this to the city average of $1,369. In the past year, rent prices have decreased by 6.2%. Parkland/Hidden Creek provides easy access to Pullen Park, Wake Technical, Public Safety, and Chapanoke Square. It’s a car-dependent neighborhood with a WalkScore® of 35.
North Raleigh
Average Rent
$1,432/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
23/100
Units Available
469 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.
South Raleigh
Average Rent
$1,441/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
8/100
Units Available
706 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.
Umstead
Average Rent
$1,533/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
8/100
Units Available
337 Rentals
Umstead features reasonably priced rentals surrounded by lush greenery and proximity to William B. Umstead State Park. Ideal for nature lovers and outdoor enthusiasts, the neighborhood offers a peaceful and scenic environment next to hiking trails, lakes, and 5,500 acres of woods. Renters will enjoy the natural beauty and tranquility of Umstead.
Trinity Park
Average Rent
$1,537/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
25/100
Units Available
252 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.
Northwest Raleigh
Average Rent
$1,540/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
18/100
Units Available
1,108 Rentals
If you’re looking for a great, affordable neighborhood in Raleigh, Northwest Raleigh might be the perfect place! It has an average rent price of $1,540, while the city’s average stands at $1,369. In the last year, prices have decreased by 2.4%. Northwest Raleigh is near Lake Crabtree County Park, Blue Jay Center for Environmental Education, and Glenwood Avenue.
Brier Creek
Average Rent
$1,540/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
19/100
Units Available
317 Rentals
Brier Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brier Creek is $1,540 while the city average is $1,369. This is a -2.2% difference from last year. Residents enjoy convenient access to Meredith College, N.C. Central Univ., and Little Brier Creek. The neighborhood is considered car-dependent with a WalkScore® of 42.
Crabtree Valley
Average Rent
$1,550/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
34/100
Units Available
511 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.
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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.