Cheap Apartments for Rent in the Southwest Raleigh Neighborhood of Raleigh, NC from $500 (138 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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Skyhouse Raleigh
Rent Specials
$989 - $2,674
Total Monthly Price

Total Monthly Price

Base Rent
$953 - $2,638
Required Monthly Fees
$36
Total Monthly Price
$989 - $2,674
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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403 West
Rent Specials
$996 - $2,233
Total Monthly Price

Total Monthly Price

Base Rent
$962 - $2,199
Required Monthly Fees
$34
Total Monthly Price
$996 - $2,233
1 to 4 Bedroom Apartments Available Now

403 West

403 Wolf Creek CirRaleigh, NC 27606
Work From Home
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  • Customer Reviewed
  • 3D Tour

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The Franklin at Crossroads
$1,228 - $2,228
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $2,204
Required Monthly Fees
$24
Total Monthly Price
$1,228 - $2,228
1 to 3 Bedroom Apartments Available Now

The Franklin at Crossroads

6010 Attleboro DrRaleigh, NC 27606
Corporate Housing
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  • 3D Tour

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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. Maxwell Raleigh has the second lowest priced unit, which is a 3 Beds apartment currently listed from $899. Here are the most affordable Southwest Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Stanhope2x2 Shared2BR,2BA$845
Maxwell RaleighChelsea- Premium3BR,3BA$899
The GroveA1 - The Mirlen1BR,1BA$913
Westgrove Tower CondominiumsS1Studio,1BA$915
The Parke at Trinity Apartment HomesA11BR,1BA$931
MAA Trinity11B1BR,1BA$938
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$949
Pullen Station LoftsStudioStudio,1BA$950
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$989
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$989

Best Value Apartments for Rent in Southwest Raleigh, NC

As of March 10, 2026 the best value apartment in the Southwest 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 Southwest Raleigh apartment is the 3 Bedroom, 3 BathTownhome Model at Redpoint Raleigh starting at $995 with a $0.71 price per square foot in the Roylene Acres 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.
University Village at 25054x44BR,4BA$0.56
Redpoint Raleigh3 Bedroom, 3 BathTownhome3BR,3BA$0.71
Welcome to our luxurious apartment community near NC State University in Raleigh, NC!A24BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Village Student Housing3x33BR,3BA$0.59
Centennial Ridge Student Housing3x33BR,3BA$0.59
1820 at Centennial3x33BR,3BA$0.81
Campus West at Tryon3X33BR,3BA$0.76
Village Green Student Housing2BD/2BA2BR,2BA$1.02
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89

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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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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 $989.

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

The cheapest apartment in Southwest Raleigh is The Grove which is listed at $913, while the average apartment in Southwest Raleigh costs $1,993.

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 189 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 $472 which is $1,521 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

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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.