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Raleigh is a haven for foodies on a budget.  From college pub-and-grub spots to restaurants serving soulful Southern dishes, Raleigh is indeed a unique destination for those seeking culinary adventures.  Because of its geographical location and the prevalence of university students, menu prices are cheaper than they would be in a city that is larger or further north.  However, little is sacrificed in terms of quality (or creativity and craft). 

Budget

Farmer's Market Restaurant (1240 Farmer's Market Dr) serves breakfast and lunch during the week and on Saturday.  The food is just like the hearty fare that you'd expect to come out of a farmer's kitchen, but the really special aspect of this restaurant is the fact that all the ingredients are extraordinarily fresh, coming from the stalls of the adjacent farmer's market.  

Big Ed's (220 Wolfe St) is one of the best places in town for down-home southern cooking and a warm atmosphere.  This place is a bit of a hole in the wall (they don't accept credit cards), but the specialties (grits, anyone?) are tasty, especially the traditional southern breakfast dishes.  There is even a live jazz band providing background music for diners on Saturday mornings. 

Value

Frazier's (2418 Hillsborough St) serves upscale bistro favorites and cocktails to Raleigh's trendsetters and university students with a little extra money in their pockets.  The décor is hip and the atmosphere romantic, but the seasonally changing menu, which relies heavily on local ingredients, is the main reason that this eatery is worth a visit. 

Falls River Smokehouse (8320 Litchford Rd Ste 110) is one of the better barbecue joints in town.  They serve classic Carolina-style barbecued meats and a variety of tasty sides.  Prices are quite reasonable, with plenty of dishes on the menu going for under $10. 

Splurge

Saint Jacques (North Ridge Shopping Center) proves that fine dining is alive and well in Raleigh.  Traditional French cuisine (escargot, foie gras) is paired with an extensive wine list and an atmosphere of provincial France.  The experience will cost you, but it is much cheaper that a similar restaurant in New York or Washington DC.

Mura (4121 Main St) is a Japanese fusion restaurant serving staples like Kobe beef and sushi as well as a handful of more creative, original dishes.  This is known as the best place in Raleigh for sushi, but is one of the more creative fusion restaurants in town as well.