Cheap Homes for Rent in the South Raleigh Neighborhood of Raleigh, NC from $500 (50 Rentals)

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

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property at 1911 Wolftech Ln

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

1911 Wolftech Ln, Unit 104

1911 Wolftech Ln
RaleighNC27603

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property at 1411 Collegiate Cir

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

1411 Collegiate Cir

RaleighNC27606

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property at 1420 Collegiate Cir

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1420 Collegiate Cir

RaleighNC27606
property at 1712 Ballard Dr

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

3 Bedroom, 3.5 Bath Townhome for Rent

Available Jul 30

1712 Ballard Dr

RaleighNC27606

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

property at 1101 Kitt Pl

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1.5 Bath Home for Rent

Available Now

1101 Kitt Pl

RaleighNC27610

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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 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 ListingModel NameBed/BathPriced From
Olde School CommonsOSC 1/11BR,1BA$709
Tryon Flats ApartmentsA34BR,4BA$750
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,050
WestchesterA11BR,1BA$1,057
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,060
Lenoxplace at Garner Station ApartmentsA31BR,1BA$1,087
Bryan Woods Apartment1X1B1BR,1BA$1,115
Tryon Village1 Bedroom 1 Bath1BR,1BA$1,125
Villas on 55v2x1wd2BR,1BA$1,147

Best Value Apartments for Rent in South Raleigh, NC

As of July 27, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hudson at Georgia's LandingWatsonia3BR,3BA$1.13
Village Green Student Housing4BD/4BA4BR,4BA$0.57
Tryon Flats ApartmentsA34BR,4BA$0.53
University Suites Student Housing3X33BR,3BA$0.58
1440 Collegiate Cir, Unit 1041440 Collegiate Cir4BR,4BA$0.46
Trailwood Crossing ApartmentsB4 - Danberry2BR,2.5BA$1.06
Centennial Ridge Student Housing3x33BR,3BA$0.49
The Enclave at CrossroadsThe Carolina2BR,2BA$1.25
Flats on 7th Apartments2BR 1.5BA2BR,1.5BA$1.27
Olde School CommonsOSC 1/11BR,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.

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Top 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.

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Real 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.

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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.

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Pet Friendly Lifestyle
South Raleigh, Raleigh, NC

Ranked #10

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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.

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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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh article

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.

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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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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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.

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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.