Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (40 Rentals)

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

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 2705 Foxtail Ct

2705 Foxtail Ct

RaleighNC27610

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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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 1 Bed unit found at Olde School Commons priced from $699. The Wilde has the second lowest priced unit, which is a 4 Beds apartment currently listed from $735. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Olde School CommonsOSC 1/1 (60%)1BR,1BA$699
The WildeD14BR,4BA$735
1820 at Centennial4x44BR,4BA$900
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,005
Legacy 20001x1 White Oak Standard Unit-Call For Avail.1BR,1BA$1,075
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,081
WestchesterA21BR,1BA$1,100
Remington PlaceFairfield I1BR,1BA$1,122

Best Value Apartments for Rent in South Raleigh, NC

As of May 17, 2025 the best value apartment in the South Raleigh area is the $1.19 price per square foot C1R Model at AXIS Crossroads in the in the Lakeside neighborhood starting from $1,894. The second greatest value South Raleigh apartment is the 4x4 Model at University Village at 2505 starting at $775 with a $0.53 price per square foot in the University Suites 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.
AXIS CrossroadsC1R3BR,2BA$1.19
University Village at 25054x44BR,4BA$0.53
Orchard PointeThree Bedroom Townhome3BR,2BA$1.03
Centennial Ridge Student Housing3x33BR,3BA$0.58
1820 at Centennial3x33BR,3BA$0.84
Campus Edge2x2 Platinum2BR,2BA$0.99
Village Green Student Housing2BD/2BA2BR,2BA$1.06
Campus Crossings at Raleigh2 Bedroom 2 Bathroom2BR,2BA$0.95
Remington PlaceFairfield I1BR,1BA$1.29
Olde School CommonsOSC 1/1 (60%)1BR,1BA$0.87

Quick Rent Budget Calculator

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Frequently Asked Questions about South Raleigh

What type of rentals are currently available in South Raleigh?

There are currently 192 Apartments for Rent in South Raleigh, NC with pricing that ranges from $550 to $8,470. There are also 363 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $560 to $3,995.

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 $3,995 with an average monthly rent of $1,837.

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 $820 to $8,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $2,790. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $735.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.