We present a low cost radio-frequency (RF) generator suitable for experiments with cold atoms. The RF source achieves a sub-hertz frequency with tunable resolution from 0 MHz to 400 MHz and a maximum output power of 33 dBm. Based on a direct digital synthesizer (DDS) chip, we implement a ramping capability for frequency, amplitude and phase. The system can also operate as an arbitrary waveform generator. By measuring the stability in a duration of 600 s, we find the presented device performs comparably as Agilent33522A in terms of short-term stability. Due to its excellent performance, the RF generator has been already applied to cold atom trapping experiments.