
Cheap Homes for Rent in the South Raleigh Neighborhood of Raleigh, NC from $500 (50 Rentals)
Search the lowest-cost Homes available for rent right now in the South Raleigh area of Raleigh.


1410 Collegiate Cir

Room in House on Tawny View Ln

Room in Townhome on Barrymore St

2021 Wolf Tech Ln

Room in House on Ujamaa Dr

Room in Townhome on Tarik Ln

3000 Centennial Woods Dr

2011 Wolfmill Dr

1341 Crab Orchard Dr, Unit 202
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.

2002 Technology Woods Dr, Unit 2002 Technology woods Dr

2011 Wolfmill Dr, Unit 104

1911 Wolftech Ln, Unit 104

2002 Technology Woods Dr

Room in Townhome on Warm Springs Ln

Room in House on Henslowe Dr

3020 Centennial Woods Dr, Unit 3020 Centennial Woods

Room in House on Glacis Ct

1911 Wolf Tech Ln, Unit 201

Room in Townhome on Hazy Hills Ln
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2021 Wolf Tech Ln

2021 Wolf Tech Ln

2021 Wolf Tech Ln

Room in Townhome on Spline Cir

Room in Condo on Crab Orchard Dr

1411 Collegiate Cir

Room in Townhome on Sweet Lilac Wy

Room in Condo on Trailwood Heights Ln

Room in Condo on Wolfmill Dr

3710 Pardue Woods Pl, Unit 102-2
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.

Room in Townhome on Princess Lita Way

Room in Condo on Collegiate Cir

Room in Townhome on Kasota Ln

1431 Collegiate Cir

Room in House on Slippery Elm Dr

1420 Collegiate Cir

Room in House on Buckingham Rd

Room in Townhome on Macedonia Lake Dr

149 Summer Violet Ln

1712 Ballard Dr
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

2605 Farlow Gap Ln

2200 Mountain Mist Ct, Unit 203

2200 Mountain Mist Ct, Unit 203

1101 Kitt Pl

4802 Cutstone Ct

2809 Ferret Ct

2421 Renfrow Rd

2200 Mountain Mist Ct, Unit 203

1309 Cross Stream Dr

1308 Cross Stream Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
South Raleigh, Raleigh, NC Local Guide

How much does it cost to rent a home in South Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Raleigh 2 Bedroom Homes for Rent | $1,478 | $1,070 | $2,195 |
| South Raleigh 3 Bedroom Homes for Rent | $1,932 | $900 | $2,750 |
| South Raleigh 4 Bedroom Homes for Rent | $2,213 | $595 | $3,200 |
| South Raleigh 5 Bedroom Homes for Rent | $2,719 | $2,290 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 50 rentals with your search options within a 2 mile radius of the South Raleigh Neighborhood of Raleigh, NC.
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South Raleigh, Raleigh, NC Local Guide
- Nearby Raleigh neighborhoods
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Cheapest Available South Raleigh Apartments for Rent
 The cheapest available apartment rental in the South Raleigh area of Raleigh, NC is a 1 Bed unit found at Olde School Commons priced from $709. Tryon Flats Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olde School Commons | OSC 1/1 | 1BR,1BA | $709 |
| Tryon Flats Apartments | A3 | 4BR,4BA | $750 |
| Legacy 2000 | 1x1 White Oak Standard Unit-Call For Avail. | 1BR,1BA | $1,050 |
| Westchester | A1 | 1BR,1BA | $1,057 |
| The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $1,060 |
| Lenoxplace at Garner Station Apartments | A3 | 1BR,1BA | $1,087 |
| Bryan Woods Apartment | 1X1B | 1BR,1BA | $1,115 |
| Tryon Village | 1 Bedroom 1 Bath | 1BR,1BA | $1,125 |
| Villas on 55 | v2x1wd | 2BR,1BA | $1,147 |
Best Value Apartments for Rent in South Raleigh, NC
As of July 28, 2026 the best value apartment in the South Raleigh area is the $1.13 price per square foot Watsonia Model at Hudson at Georgia's Landing in the in the Woods of Ashbury neighborhood starting from $2,665. The second greatest value South Raleigh apartment is the 4BD/4BA Model at Village Green Student Housing starting at $839 with a $0.57 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hudson at Georgia's Landing | Watsonia | 3BR,3BA | $1.13 |
| Village Green Student Housing | 4BD/4BA | 4BR,4BA | $0.57 |
| Tryon Flats Apartments | A3 | 4BR,4BA | $0.53 |
| University Suites Student Housing | 3X3 | 3BR,3BA | $0.58 |
| 1440 Collegiate Cir, Unit 104 | 1440 Collegiate Cir | 4BR,4BA | $0.46 |
| Trailwood Crossing Apartments | B4 - Danberry | 2BR,2.5BA | $1.06 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.49 |
| The Enclave at Crossroads | The Carolina | 2BR,2BA | $1.25 |
| Flats on 7th Apartments | 2BR 1.5BA | 2BR,1.5BA | $1.27 |
| Olde School Commons | OSC 1/1 | 1BR,1BA | $0.89 |
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 ArticleTop 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleSouth Raleigh, Raleigh, NC
Ranked #10
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in South Raleigh, Raleigh, NC
School data provided by Great Schools
Frequently Asked Questions about South Raleigh
What type of rentals are currently available in South Raleigh?
There are currently 197 Apartments for Rent in South Raleigh, NC with pricing that ranges from $574 to $4,855. There are also 359 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $500 to $3,500.
What is the current price range for Rental Homes in South Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Raleigh ranges from $500 to $3,500 with an average monthly rent of $1,816.
How much are larger Three and Four Bedroom Rentals in South Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Raleigh range from $599 to $3,412, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,750. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $574.
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

Discover Raleigh, North Carolina: A Locals Take on the City of Oaks
Written by: Chris Munier
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.

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers
Written by: Chris Munier
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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.