Cheap Apartments for Rent in the South Park Neighborhood of Raleigh, NC from $800 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Park area of Raleigh.

property at 1101 Kitt Pl

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1.5 Bath Home for Rent

Available May 1

1101 Kitt Pl

RaleighNC27610
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Skyhouse Raleigh
Rent Specials
$1,014 - $2,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,014 - $2,699

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Lincoln
Rent Specials
$1,099 - $2,352
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $2,352

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Lincoln

408 E Hargett StRaleigh, NC 27601
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 505 Freeman St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

505 Freeman St

RaleighNC27601

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Dillon
$1,429 - $3,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,429 - $3,299

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Dillon

401 W Hargett StRaleigh, NC 27603
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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400H
Rent Specials
$1,457 - $3,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,457 - $3,800

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

400H

9 N Harrington StRaleigh, NC 27603
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Mira
Rent Specials
$1,511 - $3,244
Total Monthly Price

Total Monthly Price

Base Rent
$1,511 - $3,244

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Mira

121 Kindley StRaleigh, NC 27601
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included
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Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
property at 1007 Tipton St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

1007 Tipton St

RaleighNC27610
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Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

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200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
  • Utilities Included

Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

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Capital Apartments
1 to 2 Bedroom Apartments

Capital Apartments

127 New Bern PlRaleigh, NC 27601
Student Housing
  • Utilities Included

South Park, Raleigh, NC Local Guide

Cheapest Available South Park Apartments for Rent

 

The cheapest available apartment rental in the South Park area of Raleigh, NC is a 1 Bed unit found at Capital Flats & Magnolia Square Apartments priced from $989. Greenway Flats Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable South Park apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$989
Greenway Flats ApartmentsStudioStudio,1BA$995
The LincolnThe Hub StudioStudio,1BA$1,099
Trails Corner ApartmentsTC 2x12BR,1BA$1,150
The Acorn on Person StreetLeeStudio,1BA$1,174
The RowBirch ArbourStudio,1BA$1,195
The L ApartmentsHermitageStudio,1BA$1,200
Ray at The WeldS4WStudio,1BA$1,312
MAA HueYellowStudio,1BA$1,343
The HolstonS1Studio,1BA$1,350

Best Value Apartments for Rent in South Park, NC

As of April 19, 2026 the best value apartment in the South Park area is the $1.15 price per square foot TC 2x1 Model at Trails Corner Apartments in the in the Oakwood neighborhood starting from $1,150. The second greatest value South Park apartment is the 1 Bedroom 1 Bath A2 Model at The Edison Lofts Apartments starting at $1,470 with a $2.05 price per square foot in the Blount Street neighborhood. Here is today’s list of the best values for South Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trails Corner ApartmentsTC 2x12BR,1BA$1.15
The Edison Lofts Apartments1 Bedroom 1 Bath A21BR,1BA$2.05
MAA HueYellowStudio ,1BA$2.06
The LincolnThe Hub StudioStudio ,1BA$1.99
Skyhouse RaleighS1Studio ,1BA$2.62
PlatformAcelaStudio ,1BA$2.71
The L ApartmentsGettyStudio ,1BA$2.46
The Acorn on Person StreetLeeStudio ,1BA$2.32
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1.98
Greenway Flats ApartmentsStudioStudio ,1BA$2.46

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Frequently Asked Questions about Cheap South Park Apartments

What is a cheap apartment in South Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Park is under $1,350.

What is the price of a cheap apartment in South Park?

The cheapest apartment in South Park is Capital Flats & Magnolia Square Apartments which is listed at $989, while the average apartment in South Park costs $3,309.

What types of apartments are the cheapest in South Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in South Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Park?

Cheap apartments in South Park have an average cost of $137 which is $3,172 cheaper than the average rent for all rentals in South Park.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

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Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

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Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.