Cheap Apartments for Rent in the South Raleigh Neighborhood of Raleigh, NC from $400 (44 Rentals)

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

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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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.

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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.

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Elders Peak
1 to 2 Bedroom Apartments

Elders Peak

2917 Creech RdRaleigh, NC 27610
Senior Living
  • Utilities Included
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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
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Cosmo & Lewis Estates
Studio to 1 Bedroom Apartments

Cosmo & Lewis Estates

1117-1129 Hadley RdRaleigh, NC 27610
Senior Living
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Dover Apartments
1 to 4 Bedroom Apartments

Dover Apartments

706 Wexford DrRaleigh, NC 27603
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
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Sycamore Run
2 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 37 Coats Cir

37 Coats Cir

AngierNC27501

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Olde School Commons
1 Bedroom Apartments

Olde School Commons

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

Weston Trace

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

Plaza Apartments - NC

735 Crestwood DrGarner, NC 27529
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Bryan Woods Apartment
1 to 3 Bedroom Apartments

Bryan Woods Apartment

905 Bryan PlGarner, NC 27529
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Showing Results 1-44, Page 1 of 1

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 4 Beds unit found at 1820 at Centennial priced from $900. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $972. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
1820 at Centennial4x44BR,4BA$900
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$972
Flats on 7th Apartments1BR 1BA1BR,1BA$987
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,022
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,075
WestchesterA31BR,1BA$1,115
Adeline at White OakBeechwood1BR,1BA$1,151
South Ridge2 Bed 1 Bath2BR,1BA$1,200

Best Value Apartments for Rent in South Raleigh, NC

As of June 25, 2025 the best value apartment in the South Raleigh area is the $1.18 price per square foot Waterlily Model at Hudson at Georgia's Landing in the in the Woods of Ashbury neighborhood starting from $2,715. The second greatest value South Raleigh apartment is the 4x4 Model at University Village at 2505 starting at $815 with a $0.56 price per square foot in the University Suites 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.
Hudson at Georgia's LandingWaterlily3BR,3BA$1.18
University Village at 25054x44BR,4BA$0.56
Welcome to our luxurious apartment communityRented by the bedroom including utilities. Clos...4BR,4BA$0.67
Campus Edge3x3 Platinum3BR,3BA$0.72
Centennial Ridge Student Housing3x33BR,3BA$0.67
1820 at Centennial3x33BR,3BA$0.84
Magnolia HouseB12BR,2BA$1.25
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95
Flats on 7th Apartments1BR 1BA1BR,1BA$1.23

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.

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Pet Friendly Lifestyle
South Raleigh, Raleigh, NC

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Raleigh, Raleigh, NC

School data provided by Great Schools

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 $1,200.

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 $972, while the average apartment in South Raleigh costs $2,449.

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 19 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 $143 which is $2,306 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.

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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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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.

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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.

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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.