
Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (34 Rentals)
Search the lowest-cost Homes available for rent right now in the South Raleigh area of Raleigh.


Room in Townhome on Warm Springs Ln

1440 Collegiate Cir

Room in Townhome on Haskell Dr

2021 Wolf Tech Ln

Room in House on Pinedale Dr

Room in Townhome on Maypearl Ln

2002 Technology Woods Dr
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.

3000 Centennial Woods Dr

Room in Condo on Trailwood Heights Ln

2002 Technology Woods Dr

3020 Centennial Woods Dr, Unit 103

1410 Collegiate Cir

Room in House on Glacis Ct

3000 Centennial Woods Dr

Room in Condo on Collegiate Cir
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.

1911 Wolftech Ln, Unit 104

1111 Consortium Dr

Room in House on Henslowe Dr

Room in Condo on Collegiate Cir

Room in House on Buckingham Rd

Room in Condo on Collegiate Cir

Room in House on Tawny View Ln

2513 Laurel Falls Ln
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.

49 Bay Springs Ct

Room in Townhome on Bomore Rd

Room in Townhome on Macedonia Lake Dr

3710 Pardue Woods Pl

3112 Berry Ct

Room in Townhome on Summer Violet Ln

149 Summer Violet Ln

Room in House on Moonbeam 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.

2020-104 Quaker Lndg

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 | $1,511 | $1,195 | $2,100 |
| South Raleigh 3 Bedroom Homes for Rent | $1,947 | $1,300 | $4,500 |
| South Raleigh 4 Bedroom Homes for Rent | $2,230 | $595 | $4,600 |
| South Raleigh 5 Bedroom Homes for Rent | $2,835 | $2,345 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 34 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 Legacy 2000 priced from $950. Trailwood Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy 2000 | 1x1 White Oak Standard Unit-Call For Avail. | 1BR,1BA | $950 |
| Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $989 |
| Walnut Ridge | Two Bedroom | 2BR,2BA | $995 |
| Tryon Village | 1 Bedroom 1 Bath | 1BR,1BA | $1,006 |
| Westchester | A1 | 1BR,1BA | $1,060 |
| The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $1,069 |
| Flats on 7th Apartments | 2BR 1.5BA | 2BR,1BA | $1,074 |
| Bryan Woods Apartment | 1X1A | 1BR,1BA | $1,080 |
| Tryon Station | 1 bedroom | 1BR,1BA | $1,095 |
| Lenoxplace at Garner Station Apartments | A1 | 1BR,1BA | $1,102 |
Best Value Apartments for Rent in South Raleigh, NC
As of March 13, 2026 the best value apartment in the South Raleigh area is the $0.56 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $815. The second greatest value South Raleigh apartment is the A2 Model at Tryon Flats Apartments starting at $875 with a $0.67 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 | $0.56 |
| Tryon Flats Apartments | A2 | 4BR,4BA | $0.67 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.59 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.81 |
| Magnolia House | 2 Bed / 2.5 Bath | 2BR,2.5BA | $1.19 |
| 2200 Mountain Mist Ct, Unit #301 | 2200 Mountain Mist Ct | 2BR,2BA | $1.27 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.76 |
| Pine Winds | Two Bedroom | 2BR,2BA | $1.32 |
| Village Green Student Housing | 2BD/2BA | 2BR,2BA | $1.02 |
| Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $1.22 |
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 ArticleThe 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 ArticleCash 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.
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 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 194 Apartments for Rent in South Raleigh, NC with pricing that ranges from $595 to $4,988. There are also 322 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $500 to $4,600.
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 $4,600 with an average monthly rent of $1,840.
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 $719 to $3,857, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,500. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $595.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.