
Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $400 (29 Rentals)
Search the lowest-cost Homes available for rent right now in the South Raleigh area of Raleigh.


1411 Collegiate Cir, Unit 102

Room in Townhome on Warm Springs Ln

2830 Barrymore St

Room in House on Slippery Elm Dr

2021 Wolf Tech Ln

3020 Centennial Woods Dr, Unit 103
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

748 Maypearl Ln

2011 Wolfmill Dr, Unit 104

3020 Centennial Woods Dr, Unit 3020 Centennial Woods

Room in House on Henslowe Dr

1111 Consortium Dr

Room in House on Glacis Ct
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.

Room in Townhome on Princess Lita Way

Room in Condo on Collegiate Cir

Room in Townhome on Summer Violet Ln

1911 Wolf Tech Ln

Room in Condo on Wolfmill Dr

Room in Condo on Pardue Woods Pl

Room in Townhome on Chert Ln
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.

49 Bay Springs Ct

Room in Townhome on Kasota Ln

Room in Townhome on Macedonia Lake Dr

3605 Cold Harbour Dr

3112 Berry Ct

149 Summer Violet Ln

1400 Creech Rd
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.

2809 Old Hickory 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 | $1,572 | $1,050 | $2,200 |
| South Raleigh 3 Bedroom Homes for Rent | $1,870 | $1,390 | $3,000 |
| South Raleigh 4 Bedroom Homes for Rent | $2,174 | $575 | $4,600 |
| South Raleigh 5 Bedroom Homes for Rent | $2,697 | $2,030 | $3,599 |
Browse Homes for Rent in this Neighborhood
There are currently 29 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. Walnut Ridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. 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 |
| Walnut Ridge | Two Bedroom | 2BR,2BA | $995 |
| Tryon Village | 1 Bedroom 1 Bath | 1BR,1BA | $1,006 |
| Adeline at White Oak | Beechwood | 1BR,1BA | $1,044 |
| Abberly Place Apartment Homes | Oakview | 1BR,1BA | $1,067 |
| The Lodge at Crossroads | Grace | 1BR,1BA | $1,076 |
| Bryan Woods Apartment | 1X1A | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in South Raleigh, NC
As of January 25, 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 Welcome to our luxurious apartment community near NC State University in Raleigh, NC! starting at $873 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 |
| Welcome to our luxurious apartment community near NC State University in Raleigh, NC! | A2 | 4BR,4BA | $0.67 |
| 3770 Pardue Woods Pl, Unit 301 | 3770 Pardue Woods Pl | 3BR,3BA | $0.48 |
| Remington Place | Dartmouth I | 2BR,2BA | $1.05 |
| Centennial Ridge Student Housing | 3x3 | 3BR,3BA | $0.58 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.81 |
| Magnolia House | 2 Bed / 2.5 Bath | 2BR,2.5BA | $1.19 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.76 |
| Flats on 7th Apartments | 2BR 1.5BA | 2BR,1.5BA | $1.15 |
| Village Green Student Housing | 2BD/2BA | 2BR,2BA | $1.02 |
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 #12
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 196 Apartments for Rent in South Raleigh, NC with pricing that ranges from $625 to $6,431. There are also 410 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $470 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 $470 to $4,600 with an average monthly rent of $1,800.
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 $625 to $6,431, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,390 to $3,000. Four Bedroom Single-Family rentals are also available starting from $575 and Four Bedroom Apartments start at $625.
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.
Articles, How-To's, and Tips

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.