Cheap Apartments for Rent in the Southwest Raleigh Neighborhood of Raleigh, NC from $500 (228 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southwest Raleigh area of Raleigh.

property at 1220 University Ct

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1 Bath Condo for Rent

Available Now

1220 University Ct, Unit 102

1220 University Ct
RaleighNC27606

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.

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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

Rent According to Income: A Look at Income-Restricted Rentals

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property at 4279 The Oaks Dr

$690

Total Monthly Price

Total Monthly Price

Base Rent
$690
Total Monthly Price
$690

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

4279 The Oaks Dr

RaleighNC27606
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
property at 1420 Collegiate Cir

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1420 Collegiate Cir

RaleighNC27606

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.

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Raleigh's Best Affordable Neighborhoods

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

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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 Now

1712 Ballard Dr

RaleighNC27606

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.

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Showing Results 1-50, Page 1 of 5

Southwest Raleigh, Raleigh, NC Local Guide

Cheapest Available Southwest Raleigh Apartments for Rent

 

The cheapest available apartment rental in the Southwest Raleigh area of Raleigh, NC is a 4 Beds unit found at Tryon Flats Apartments priced from $750. Westgrove Tower Condominiums has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here are the most affordable Southwest Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Tryon Flats ApartmentsA34BR,4BA$750
Westgrove Tower CondominiumsS1Studio,1BA$915
The Kenton Apartments1BR/1.0BA1BR,1BA$945
Pullen Station LoftsStudioStudio,1BA$950
The GroveA1 - The Grove1BR,1BA$978
Greenway Flats ApartmentsStudioStudio,1BA$995
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$999
Arbor Creek11AR1BR,1BA$1,020

Best Value Apartments for Rent in Southwest Raleigh, NC

As of July 30, 2026 the best value apartment in the Southwest Raleigh area is the $0.39 price per square foot 4 Bedroom, 4.5 Bath Commons Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $905. The second greatest value Southwest Raleigh apartment is the A3 Model at Tryon Flats Apartments starting at $750 with a $0.53 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Southwest Raleigh apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redpoint Raleigh4 Bedroom, 4.5 Bath Commons4BR,4.5BA$0.39
Tryon Flats ApartmentsA34BR,4BA$0.53
University Suites Student Housing3X33BR,3BA$0.58
1440 Collegiate Cir, Unit 1041440 Collegiate Cir4BR,4BA$0.46
4105 Iver Johnson Dr4105 Iver Johnson Dr2BR,2.5BA$0.74
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Trailwood Crossing ApartmentsB4 - Danberry2BR,2.5BA$1.09
Centennial Village Student Housing3x33BR,3BA$0.49
The Hillsborough2 Bed 2 Bath Unfurnished2BR,2BA$1.04
Village Green Student Housing2BD/2BA2BR,2BA$1.05

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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Pet Friendly Lifestyle
Southwest Raleigh, Raleigh, NC

Ranked #4

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Southwest Raleigh, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Southwest Raleigh, Raleigh, and the greater Raleigh area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Southwest Raleigh Apartments

What is a cheap apartment in Southwest Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwest Raleigh is under $1,020.

What is the price of a cheap apartment in Southwest Raleigh?

The cheapest apartment in Southwest Raleigh is The Kenton Apartments which is listed at $945, while the average apartment in Southwest Raleigh costs $2,024.

What types of apartments are the cheapest in Southwest Raleigh?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 62 regular apartments in Southwest Raleigh that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Southwest Raleigh?

Cheap apartments in Southwest Raleigh have an average cost of $489 which is $1,535 cheaper than the average rent for all rentals in Southwest Raleigh.

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.

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