Cheap Homes for Rent in South Raleigh Neighborhood of Raleigh, NC from $500 (19 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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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 6827 Glacis Ct priced from $625. 729 Moonbeam Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable South Raleigh apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
6827 Glacis Ct6827 Glacis Ct1BR,1BA$625
729 Moonbeam Dr729 Moonbeam Dr1BR,1BA$650
2824 Henslowe Dr2824 Henslowe Dr1BR,1BA$650
1304 Buckingham Rd1304 Buckingham Rd1BR,1BA$650
3016 Haskell Dr3016 Haskell Dr1BR,1BA$650

Best Value Apartments for Rent in South Raleigh, NC

As of March 28, 2025 the best value apartment in the South Raleigh area is the $0.82 price per square foot 5943 Ricker Rd Model at 5943 Ricker Rd in the in the East Raleigh neighborhood starting from $2,420. 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$0.82
3528 Eastern Branch Rd3528 Eastern Branch Rd3BR,2.5BA$0.84
197 Woodcreek Ln197 Woodcreek Ln4BR,2.5BA$0.80
1604 Middle Ridge Dr1604 Middle Ridge Dr4BR,3BA$0.94
1414 Southgate Dr1414 Southgate Dr3BR,2.5BA$0.93
3104 Olustee Dr3104 Olustee Dr3BR,2.5BA$0.91
University Village at 25054x44BR,4BA$0.64
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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Frequently Asked Questions about South Raleigh

What type of rentals are currently available in South Raleigh?

There are currently 245 Apartments for Rent in South Raleigh, NC with pricing that ranges from $450 to $4,675. There are also 259 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Raleigh ranging from $560 to $5,495.

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 $5,495 with an average monthly rent of $2,029.

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 $4,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 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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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.