Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (50 Rentals)

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

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 2705 Foxtail Ct

2705 Foxtail Ct

RaleighNC27610
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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
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,075
Remington PlaceFairfield I1BR,1BA$1,090
WestchesterA21BR,1BA$1,100
Flats on 7th Apartments2BR 1.5BA2BR,1BA$1,178
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,182

Best Value Apartments for Rent in South Raleigh, NC

As of April 16, 2025 the best value apartment in the South Raleigh area is the $0.60 price per square foot 4x4 Model at University Village at 2505 in the in the University Suites neighborhood starting from $869. The second greatest value South Raleigh apartment is the 3x3 Model at Centennial Ridge Student Housing starting at $699 with a $0.58 price per square foot in the Lakeside 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.
University Village at 25054x44BR,4BA$0.60
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.84
Magnolia HouseB22BR,2.5BA$1.18
Ashborough ApartmentsThe Cassat B2.12BR,2BA$1.29
Campus Edge2x2 Platinum2BR,2BA$0.99
Flats on 7th Apartments2BR 1.5BA2BR,1.5BA$1.24
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95
Remington PlaceFairfield I1BR,1BA$1.25

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Frequently Asked Questions about South Raleigh

What type of rentals are currently available in South Raleigh?

There are currently 194 Apartments for Rent in South Raleigh, NC with pricing that ranges from $450 to $12,100. There are also 382 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $560 to $3,595.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Raleigh ranges from $560 to $3,595 with an average monthly rent of $1,979.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Raleigh range from $740 to $4,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $3,595. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $450.

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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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.