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 January 26, 2025, the average rent in Raleigh is $1,359, which is 2.3% 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
$1,298/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
36/100
Units Available
414 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
$1,367/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
12/100
Units Available
652 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
$1,398/Month
Year-Over-Year Rent Change
10.8%
TransitScore® Rating
33/100
Units Available
504 Rentals
Parkland/Hidden Creek is an affordable neighborhood in Raleigh with an average rent price of $1,398. Compare this to the city average of $1,359. In the past year, rent prices have decreased by 10.8%. Parkland/Hidden Creek provides easy access to NC State, Centennial Campus, Lake Johnson Nature Park, and Raleigh Oaks Shopping Center. It’s a car-dependent neighborhood with a WalkScore® of 35.
North Raleigh
Average Rent
$1,415/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
23/100
Units Available
445 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
$1,438/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
8/100
Units Available
743 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.
Crabtree Valley
Average Rent
$1,535/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
34/100
Units Available
520 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.
Trinity Park
Average Rent
$1,540/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
25/100
Units Available
239 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.
Umstead
Average Rent
$1,549/Month
Year-Over-Year Rent Change
8.1%
TransitScore® Rating
8/100
Units Available
320 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.
Northwest Raleigh
Average Rent
$1,566/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
18/100
Units Available
1,059 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 $1,566, while the city’s average stands at $1,359. In the last year, prices have decreased by 1.4%. Northwest Raleigh is near Shelley Lake, NC State, and William B. Umstead State Park.
Northeast Raleigh
Average Rent
$1,583/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
30/100
Units Available
1,521 Rentals
Northeast Raleigh is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northeast Raleigh is $1,583 while the city average is $1,359. This is a -1.7% difference from last year. Residents enjoy convenient access to Annie Louise Wilkerson, MD Nature Preserve Park, Wake Technical, Northern Wake, and Blue Jay Point County Park. The neighborhood is considered car-dependent with a WalkScore® of 48.
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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.