Cheap Homes for Rent in Southwest Raleigh Neighborhood of Raleigh, NC from $500 (44 Rentals)

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

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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property at 1223 Teakwood Pl

1223 Teakwood Pl

RaleighNC27606

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Studio unit found at Westgrove Tower Condominiums priced from $915. Arbor Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here are the most affordable Southwest Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Westgrove Tower CondominiumsS1Studio,1BA$915
Arbor Creek11B1BR,1BA$915
The Parke at Trinity Apartment HomesA11BR,1BA$949
Pullen Station LoftsStudioStudio,1BA$950
Pine Knoll ApartmentsStandard Model1BR,1BA$995
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050
Aurella CaryThe Iris1BR,1BA$1,065

Best Value Apartments for Rent in Southwest Raleigh, NC

As of July 31, 2025 the best value apartment in the Southwest Raleigh area is the $1.21 price per square foot 815 W Johnson St Model at 815 W Johnson St, Unit A in the in the Blount Street neighborhood starting from $2,000. The second greatest value Southwest Raleigh apartment is the Three Bedroom Townhome Model at Orchard Pointe starting at $1,676 with a $1.28 price per square foot in the University Suites 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.
815 W Johnson St, Unit A815 W Johnson St2BR,1BA$1.21
Orchard PointeThree Bedroom Townhome3BR,2BA$1.28
Welcome to our luxurious apartment communityRented by the bedroom including utilities. Clos...4BR,4BA$0.67
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Centennial Ridge Student Housing3x33BR,3BA$0.54
Centennial Village Student Housing3x33BR,3BA$0.54
Trailwood Crossing ApartmentsB1 - Lexington2BR,1BA$1.23
Walnut Creek ApartmentsTwo Bedroom 1.5 Bathroom Townhome2BR,1.5BA$1.25
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Parkwood Village Apartments1 Bedroom1BR,1BA$1.24

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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Frequently Asked Questions about Southwest Raleigh

What type of rentals are currently available in Southwest Raleigh?

There are currently 517 Apartments for Rent in Southwest Raleigh, NC with pricing that ranges from $470 to $9,575. There are also 153 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Raleigh ranging from $550 to $5,000.

What is the current price range for Rental Homes in Southwest Raleigh?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Raleigh ranges from $550 to $5,000 with an average monthly rent of $1,895.

How much are larger Three and Four Bedroom Rentals in Southwest Raleigh?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southwest Raleigh range from $649 to $9,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $4,495. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $470.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.