Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (34 Rentals)

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

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.

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.

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
property at 1111 Consortium Dr

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1111 Consortium Dr

RaleighNC27603
property at 2513 Laurel Falls Ln

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

2513 Laurel Falls Ln

RaleighNC27603

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.

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.

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 $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 ListingModel NameBed/BathPriced From
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$950
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$989
Walnut RidgeTwo Bedroom2BR,2BA$995
Tryon Village1 Bedroom 1 Bath1BR,1BA$1,006
WestchesterA11BR,1BA$1,060
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,069
Flats on 7th Apartments2BR 1.5BA2BR,1BA$1,074
Bryan Woods Apartment1X1A1BR,1BA$1,080
Tryon Station1 bedroom1BR,1BA$1,095
Lenoxplace at Garner Station ApartmentsA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Village at 25054x44BR,4BA$0.56
Tryon Flats ApartmentsA24BR,4BA$0.67
Centennial Ridge Student Housing3x33BR,3BA$0.59
1820 at Centennial3x33BR,3BA$0.81
Magnolia House2 Bed / 2.5 Bath2BR,2.5BA$1.19
2200 Mountain Mist Ct, Unit #3012200 Mountain Mist Ct2BR,2BA$1.27
Campus West at Tryon3X33BR,3BA$0.76
Pine WindsTwo Bedroom2BR,2BA$1.32
Village Green Student Housing2BD/2BA2BR,2BA$1.02
Trailwood Crossing ApartmentsA1 - Bickmore1BR,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.

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

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Cash 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.

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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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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 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

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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.

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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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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.