
Cheap Homes for Rent in the South Raleigh Neighborhood of Raleigh, NC from $500 (44 Rentals)
Search the lowest-cost Homes available for rent right now in the South Raleigh area of Raleigh.


Room in Townhome on Tarik Ln

Room in Townhome on Maypearl Ln

Room in Townhome on Haskell Dr

Room in Single Family Home on Tawny View Ln

2021 Wolf Tech Ln

1420 Collegiate Cir

2011 Wolfmill Dr, Unit 104
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.

2120 Wolftech Ln, Unit 204

1911 Wolftech Ln, Unit 104

Room in Single Family Home on Ujamaa Dr

2020 University Woods Rd

2850 Sanderford Rd

Room in Single Family Home on Glacis Ct

Room in Single Family Home on Buckingham Rd

Room in Single Family Home on Quartz Ct
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.

Room in Single Family Home on Henslowe Dr

Room in Condo on Crab Orchard Dr

2021 Wolf Tech Ln

Room in Condo on Collegiate Cir

Room in Townhome on Ivory Run Way

1351 Crab Orchard Dr, Unit 302

1420 Collegiate Cir

Room in Condo on Wolfmill Dr
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 Single Family Home on Slippery Elm Dr

1431 Collegiate Cir, Unit 304

1420 Collegiate Cir, Unit 201

2221 Mountain Mist Ct, Unit 102

8627 Macedonia Lake Dr

Room in Single Family Home on Killian Ct

7010 Sorrell Ln

Room in Condo on Trailwood Heights Ln
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

3023 Taybran Ln

2529 Chert Ln

2200 Mountain Mist Ct

2431 Chert Ln

4802 Cutstone Ct

1112 Deep River Ct

3649 Crystal Creek Dr

5432 Talserwood 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.

1950 Trailwood Heights Ln

1309 Cross Stream Dr

3238 Polite Ln

1701 Orchard Farm Ln
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 | $1,440 | $1,100 | $1,750 |
| South Raleigh 3 Bedroom Homes for Rent | $1,929 | $1,000 | $3,200 |
| South Raleigh 4 Bedroom Homes for Rent | $2,220 | $625 | $4,200 |
| South Raleigh 5 Bedroom Homes for Rent | $2,593 | $2,395 | $2,695 |
| South Raleigh 6 Bedroom Homes for Rent | $4,895 | $4,895 | $4,895 |
Browse Homes for Rent in this Neighborhood
There are currently 44 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
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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. Westchester has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. 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 |
| Westchester | A1 | 1BR,1BA | $985 |
| The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $987 |
| Tryon Village | 1 Bedroom 1 Bath | 1BR,1BA | $1,025 |
| Trailwood Crossing Apartments | B1 - Lexington | 2BR,1BA | $1,054 |
| Lenoxplace at Garner Station Apartments | A1 | 1BR,1BA | $1,076 |
| Bryan Woods | 1X1A | 1BR,1BA | $1,090 |
Best Value Apartments for Rent in South Raleigh, NC
As of September 11, 2026 the best value apartment in the South Raleigh area is the $0.55 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $799. The second greatest value South Raleigh apartment is the 3X3 Model at University Suites Student Housing starting at $799 with a $0.58 price per square foot in the Lakeside 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. |
|---|---|---|---|
| University Village at 2505 | 4x4 | 4BR,4BA | $0.55 |
| University Suites Student Housing | 3X3 | 3BR,3BA | $0.58 |
| 2021 Wolf Tech Ln, Unit 204 | 2021 Wolf Tech Ln | 4BR,4BA | $0.46 |
| 3770 Pardue Woods Pl, Unit 301 | 3770 Pardue Woods Pl | 3BR,3BA | $0.48 |
| Tryon Flats Apartments | A2 | 4BR,4BA | $0.58 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.49 |
| Village Green Student Housing | 3BD/3BA | 3BR,3BA | $0.64 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.62 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.67 |
| Campus Crossings Raleigh | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.86 |
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 ArticleNavigating 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.
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 208 Apartments for Rent in South Raleigh, NC with pricing that ranges from $599 to $5,167. There are also 372 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $500 to $4,895.
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 $4,895 with an average monthly rent of $1,886.
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 $3,416, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,200. Four Bedroom Single-Family rentals are also available starting from $625 and Four Bedroom Apartments start at $599.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.