Cheap Apartments for Rent in the South Park Neighborhood of Raleigh, NC from $700 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

1256 McCauley StRaleigh, NC 27601
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Shammah Winds
2 Bedroom Apartments

Shammah Winds

1407 Sawyer RdRaleigh, NC 27610
close
View Me
Magnolia Square
1 Bedroom Apartments

Magnolia Square

511 E Martin StRaleigh, NC 27601
close
View Me
200 E Edenton St
1 to 2 Bedroom Apartments

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-33, Page 1 of 1

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 $929. 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$929
Greenway Flats ApartmentsStudioStudio,1BA$995
Trails Corner ApartmentsTC 2x12BR,1BA$1,154
The Acorn on Person StreetLeeStudio,1BA$1,175
The Edison Lofts ApartmentsStudio S1Studio,1BA$1,190
The RowBirch ArbourStudio,1BA$1,220
Skyhouse RaleighS2Studio,1BA$1,266
MiraS1Studio,1BA$1,287
The DillonTioga IStudio,1BA$1,290
The LincolnThe Hub StudioStudio,1BA$1,302

Best Value Apartments for Rent in South Park, NC

As of January 05, 2026 the best value apartment in the South Park area is the $1.97 price per square foot Hudsen - Hargett Model at ABODE at Hargett in the in the Blount Street neighborhood starting from $3,125. The second greatest value South Park apartment is the 201 Model at Capital Apartments starting at $1,695 with a $1.32 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.
ABODE at HargettHudsen - Hargett3BR,2.5BA$1.97
Capital Apartments2012BR,1BA$1.32
Trails Corner ApartmentsTC 2x12BR,1BA$1.15
The Edison Lofts ApartmentsPenthouse 11BR,1BA$2.62
Skyhouse RaleighA10T1BR,1BA$2.52
MAA HueYellowStudio ,1BA$2.15
The LincolnThe Hub StudioStudio ,1BA$2.35
The Acorn on Person StreetLeeStudio ,1BA$2.33
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1.86
Greenway Flats ApartmentsStudioStudio ,1BA$2.46

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
South Park, Raleigh, NC

School data provided by Great Schools

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 $1,302.

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 $929, while the average apartment in South Park costs $3,357.

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 11 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 $115 which is $3,242 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.

Articles, How-To's, and Tips

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

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.

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.