Cheap Apartments for Rent in the South Park Neighborhood of Raleigh, NC from $700 (22 Rentals)

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

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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
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Magnolia Square
1 Bedroom Apartments

Magnolia Square

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

200 E Edenton St

200 E Edenton StRaleigh, NC 27601
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The L Apartments
Studio to 2 Bedroom Apartments

The L Apartments

205 W Davie StRaleigh, NC 27601
Showing Results 1-22, 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 $1,130. The Acorn on Person Street has the second lowest priced unit, which is a Studio apartment currently listed from $1,235. 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$1,130
The Acorn on Person StreetLeeStudio,1BA$1,235
The RowBirch ArbourStudio,1BA$1,260
Skyhouse RaleighS4Studio,1BA$1,311
The Edison Lofts ApartmentsStudio S1AStudio,1BA$1,320

Best Value Apartments for Rent in South Park, NC

As of July 07, 2025 the best value apartment in the South Park area is the $1.43 price per square foot 201 Model at Capital Apartments in the in the Blount Street neighborhood starting from $1,825. The second greatest value South Park apartment is the B6 Model at Mira starting at $3,191 with a $2.55 price per square foot in the Oakwood 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.
Capital Apartments2012BR,1BA$1.43
MiraB62BR,2BA$2.55
The DillonBlueridge2BR,2BA$2.19
511 Faye1BR - 181BR,1BA$2.59
PlatformIllini1BR,1BA$2.62
MAA HueYellowStudio ,1BA$2.27
The Edison Lofts ApartmentsStudio S1AStudio ,1BA$2.28
The LincolnThe Hub StudioStudio ,1BA$2.52
The Acorn on Person StreetLeeStudio ,1BA$2.45
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$2.26

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Pet Friendly Lifestyle
South Park, Raleigh, NC

Ranked #87

Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
South Park, Raleigh, NC

School data provided by Great Schools

Frequently Asked Questions about Cheap South Park Apartments

What is the Cheapest Studio apartment in South Park?

Currently the most affordable Cheap Studio Apartment in South Park is at The Acorn on Person Street listed at $1,235.

How much is rent for a Cheap One Bedroom South Park Apartment?

The lowest price for a Cheap One Bedroom South Park Apartment is $1,130 at Capital Flats & Magnolia Square Apartments.

What is the lowest price for a Cheap Two Bedroom South Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Park is starting from $1,610 at Capital Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.