Search and browse 3911 apartments under $500 available for rent in Raleigh, NC. With apartments that span the entire city, you will find an apartment in Raleigh for just the right price. During your search, sort your favorite apartments under $500 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Raleigh apartment before you know it.