Walnut Terrace now has newly constructed apartments and townhomes for rent in Raleigh! Our brand new townhome and apartment rental neighborhood boasts affordable downtown living at unbeatable rates and features some of downtown Raleigh's largest floor plans. Bordering the Fayetteville Street District, Walnut Terrace is conveniently located within walking distance to premier arts and cultural entertainment. Raleigh's eclectic restaurants and shopping venues are just a short distance away. Walnut Terrace townhomes and apartments are smoke-free buildings with designated outdoor smoking areas. Enjoy neighborhood greenspace along with access to Raleigh's park systems. Our beautifully landscaped 27 acre community awaits your arrival. All that is missing is you.