Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (42 Rentals)

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

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

Showing Results 1-42, 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 1 Bed unit found at Legacy 2000 priced from $1,075. Chandler Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,088. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,075
Chandler RidgeOne Bedroom - Income Guidelines Apply1BR,1BA$1,088
Tryon Village1 Bedroom 1 Bath1BR,1BA$1,106
Flats on 7th Apartments2BR 1.5BA2BR,1BA$1,178
Adeline at White OakBeechwood1BR,1BA$1,185
Remington PlaceFairfield I1BR,1BA$1,194
Sunnybrook ResidencesDesign EAStudio,1BA$1,195

Best Value Apartments for Rent in South Raleigh, NC

As of August 04, 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 Three Bedroom Townhome Model at Orchard Pointe starting at $1,676 with a $1.28 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
Orchard PointeThree Bedroom Townhome3BR,2BA$1.28
Welcome to our luxurious apartment communityRented by the bedroom including utilities. Clos...4BR,4BA$0.67
The Greens at TryonC2 Standard3BR,2BA$1.18
Magnolia HouseB2R2BR,2.5BA$1.30
Trailwood Crossing ApartmentsB1 - Lexington2BR,1BA$1.24
Remington PlaceFairfield II1BR,1BA$1.38
Walnut RidgeTwo Bedroom2BR,2BA$1.36
Flats on 7th Apartments2BR 1.5BA2BR,1.5BA$1.24
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.37

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

Frequently Asked Questions about South Raleigh

What type of rentals are currently available in South Raleigh?

There are currently 188 Apartments for Rent in South Raleigh, NC with pricing that ranges from $625 to $5,899. There are also 388 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $550 to $4,500.

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 $550 to $4,500 with an average monthly rent of $1,866.

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 $649 to $5,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,200. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $775.

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

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.