Cheap Apartments for Rent in the South Raleigh Neighborhood of Raleigh, NC from $400 (45 Rentals)

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

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Elders Peak
1 to 2 Bedroom Apartments

Elders Peak

2917 Creech RdRaleigh, NC 27610
Senior Living
  • Utilities Included

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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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included
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Cosmo & Lewis Estates
Studio to 1 Bedroom Apartments

Cosmo & Lewis Estates

1117-1129 Hadley RdRaleigh, NC 27610
Senior Living
  • Utilities Included
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Dover Apartments
1 to 4 Bedroom Apartments

Dover Apartments

706 Wexford DrRaleigh, NC 27603
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
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Sycamore Run
2 Bedroom Apartments

Sycamore Run

1090 Holly View DrRaleigh, NC 27610
property at 37 Coats Cir

37 Coats Cir

AngierNC27501
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Olde School Commons
1 Bedroom Apartments

Olde School Commons

720-776 W Garner RdGarner, NC 27529
Senior Living
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Weston Trace
2 to 3 Bedroom Apartments

Weston Trace

204 Westcroft DrGarner, NC 27529
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Plaza Apartments - NC
2 to 3 Bedroom Apartments

Plaza Apartments - NC

735 Crestwood DrGarner, NC 27529
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Bryan Woods Apartment
1 to 3 Bedroom Apartments

Bryan Woods Apartment

905 Bryan PlGarner, NC 27529
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Showing Results 1-45, Page 1 of 1

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 4 Beds unit found at The Wilde priced from $735. 1820 at Centennial has the second lowest priced unit, which is a 4 Beds apartment currently listed from $900. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The WildeD14BR,4BA$735
1820 at Centennial4x44BR,4BA$900
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,042
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,075
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,075
Flats on 7th Apartments1BR 1BA1BR,1BA$1,084
WestchesterA21BR,1BA$1,100
Remington PlaceFairfield I1BR,1BA$1,136

Best Value Apartments for Rent in South Raleigh, NC

As of April 03, 2025 the best value apartment in the South Raleigh area is the $0.83 price per square foot 5943 Ricker Rd Model at 5943 Ricker Rd in the in the East Raleigh neighborhood starting from $2,445. The second greatest value South Raleigh apartment is the 3528 Eastern Branch Rd Model at 3528 Eastern Branch Rd starting at $2,260 with a $0.84 price per square foot in the East Raleigh 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.
5943 Ricker Rd5943 Ricker Rd3BR,3BA$0.83
3528 Eastern Branch Rd3528 Eastern Branch Rd3BR,2.5BA$0.84
197 Woodcreek Ln197 Woodcreek Ln4BR,2.5BA$0.79
1604 Middle Ridge Dr1604 Middle Ridge Dr4BR,3BA$0.94
3104 Olustee Dr3104 Olustee Dr3BR,2.5BA$0.91
7036 Paint Rock Ln7036 Paint Rock Ln3BR,2BA$0.95
University Village at 25054x44BR,4BA$0.60
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.84
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95

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Pet Friendly Lifestyle
South Raleigh, Raleigh, NC

Ranked #14

Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Raleigh, Raleigh, NC

School data provided by Great Schools

Best Local Schools in
South Raleigh, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including South 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 our Star Ratings to compare for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, places to raise kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Raleigh Apartments

What is a cheap apartment in South Raleigh?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Raleigh is under $1,136.

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

The cheapest apartment in South Raleigh is Trailwood Crossing Apartments which is listed at $1,042, while the average apartment in South Raleigh costs $12,620.

What types of apartments are the cheapest in South 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 31 regular apartments in South 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 South Raleigh?

Cheap apartments in South Raleigh have an average cost of $905 which is $11,715 cheaper than the average rent for all rentals in South Raleigh.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.