Cheap Apartments for Rent in the South Raleigh Neighborhood of Raleigh, NC from $400 (15 Rentals)

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

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

close
View Me
Elders Peak
1 to 2 Bedroom Apartments

Elders Peak

2917 Creech RdRaleigh, NC 27610
Senior Living
  • Utilities Included
close
View Me
Penwood Apartments
1 to 3 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included
close
View Me
Cosmo & Lewis Estates
Studio to 1 Bedroom Apartments

Cosmo & Lewis Estates

1117-1129 Hadley RdRaleigh, NC 27610
  • Utilities Included
close
View Me
Sycamore Run
1 to 3 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610
close
View Me
Dover Apartments
1 to 4 Bedroom Apartments

Dover Apartments

706 Wexford DrRaleigh, NC 27603
  • Utilities Included

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.

close
View Me
Olde School Commons
1 Bedroom Apartments

Olde School Commons

720-776 W Garner RdGarner, NC 27529
Senior Living
close
View Me
Weston Trace
2 to 3 Bedroom Apartments

Weston Trace

204 Westcroft DrGarner, NC 27529
close
View Me
Plaza Apartments - NC
2 to 3 Bedroom Apartments

Plaza Apartments - NC

735 Crestwood DrGarner, NC 27529
  • Utilities Included
close
View Me
Bryan Woods Apartment
1 to 3 Bedroom Apartments

Bryan Woods Apartment

905 Bryan PlGarner, NC 27529
  • Utilities Included

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.

South Raleigh, Raleigh, NC Local Guide

Cheapest Available South Raleigh Apartments for Rent

 

The cheapest available apartment rental in the South Raleigh area of Raleigh, NC is a 3 Beds unit found at Campus West at Tryon priced from $819. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $894. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Campus West at Tryon3X33BR,3BA$819
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$894
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,000
WestchesterA11BR,1BA$1,080
Flats on 7th Apartments2BR 1.5BA2BR,1BA$1,088

Best Value Apartments for Rent in South Raleigh, NC

As of November 03, 2025 the best value apartment in the South Raleigh area is the $0.55 price per square foot Bedroom for rent, private bath, including utili... Model at Welcome to our luxurious apartment community in the in the Lakeside neighborhood starting from $721. The second greatest value South Raleigh apartment is the G2 Model at The Reserve at White Oak starting at $1,557 with a $1.20 price per square foot in the East Raleigh neighborhood. Here is today’s list of the best values for South Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Welcome to our luxurious apartment communityBedroom for rent, private bath, including utili...4BR,4BA$0.55
The Reserve at White OakG23BR,2BA$1.20
Remington PlaceDartmouth I2BR,2BA$1.19
Centennial Ridge Student Housing3x33BR,3BA$0.54
1820 at Centennial3x33BR,3BA$0.82
Ashborough ApartmentsThe Cassat B2.12BR,2BA$1.25
Campus West at Tryon3X33BR,3BA$0.78
Trailwood Crossing ApartmentsB2 - Bristol2BR,2BA$1.18
Flats on 7th Apartments2BR 1.5BA2BR,1.5BA$1.15
Village Green Student Housing2BD/2BA2BR,2BA$1.02

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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

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

Pet Friendly Lifestyle
South Raleigh, Raleigh, NC

Ranked #16

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including South Raleigh, Raleigh, and the greater Raleigh area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Raleigh Apartments

What is a cheap apartment in South Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Raleigh is under $1,099.

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

The cheapest apartment in South Raleigh is The Retreat at Lake Johnson Apartments which is listed at $894, while the average apartment in South Raleigh costs $1,950.

What types of apartments are the cheapest in South Raleigh?

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 50 regular apartments in South Raleigh 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 Raleigh?

Cheap apartments in South Raleigh have an average cost of $560 which is $1,390 cheaper than the average rent for all rentals in South Raleigh.

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.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.