Cheap Apartments for Rent in the Southwest Raleigh Neighborhood of Raleigh, NC from $500 (234 Rentals)

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

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2002 Technology Woods Dr
$620
Total Monthly Price

Total Monthly Price

Base Rent
$620
Total Monthly Price
$620
1 to 4 Bedroom Apartment Available Now

2002 Technology Woods Dr

2002 Technology Woods DrRaleigh, NC 27603
Cost Per Sq.Ft.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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

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.

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property at 3512 Ivy Commons Dr

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 To 2 Bedroom Condos for Rent

Available Aug 1

3512 Ivy Commons 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

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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property at 5102 Alercia Ct

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

4 Bedroom, 3 Bath Townhome for Rent

Available Now

5102 Alercia Ct

RaleighNC27606

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 2 Beds unit found at Stanhope priced from $845. 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
Stanhope2x2 Shared2BR,2BA$845
Westgrove Tower CondominiumsS1Studio,1BA$915
The Parke at Trinity Apartment HomesA11BR,1BA$937
Pullen Station LoftsStudioStudio,1BA$950
The GroveA1 - The Grove1BR,1BA$993
Greenway Flats ApartmentsStudioStudio,1BA$995
The Kenton Apartments1BR/1.0BA1BR,1BA$1,025
MAA Trinity11A1BR,1BA$1,063
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,067

Best Value Apartments for Rent in Southwest Raleigh, NC

As of June 14, 2026 the best value apartment in the Southwest Raleigh area is the $0.42 price per square foot 4 Bedroom, 4 Bath Townhome Model at Redpoint Raleigh in the in the Roylene Acres neighborhood starting from $899. The second greatest value Southwest Raleigh apartment is the 4x4.5 Model at Redfield Villages starting at $899 with a $0.48 price per square foot in the Grove Park 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 Bath Townhome4BR,4BA$0.42
Redfield Villages4x4.54BR,4.5BA$0.48
Village Green Student Housing4BD/4BA4BR,4BA$0.57
The Station Raleigh3x3 - Hillsborough A3BR,3BA$0.94
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.50
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Centennial Ridge Student Housing3x33BR,3BA$0.49
Centennial Village Student Housing3x33BR,3BA$0.49
1820 at Centennial3x33BR,3BA$0.61
Campus Edge2x2 Platinum2BR,2BA$0.99

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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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 $1,067.

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

The cheapest apartment in Southwest Raleigh is The Parke at Trinity Apartment Homes which is listed at $937, while the average apartment in Southwest Raleigh costs $2,110.

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 126 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 $620 which is $1,490 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.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.