Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Raleigh.

3812 Marcom St

The Kenton Apartments

Parkwood Village Apartments

Skyhouse Raleigh

4128 Western Blvd

Pine Knoll Apartments

1011-1015 Chaney Rd

Grand Arbor Reserve Apartment Homes
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

The Apartments at St. Mary's

Link Apartments® Glenwood South

The Acorn on Person Street

Anderson Flats

The Signal

209 E Peace St

The Lincoln

Anderson Hills

The Edison Lofts Apartments

The Point

Spanish Trace Apartments

600 Devereux St, Unit C

Historic Boylan Apartments

927 West Morgan

Platform

616 at the Village

Centennial Lofts

Cortland Glenwood South

214 Elm St

Oberlin Court Apartments

Elan City Center

2901 Oberry St

2223 Brewer St

The Devon Four25

Alexan Moto

Parkside at Five Points

The Edition on Oberlin

1312 Banbury Rd, Unit 1312

Cameron Court Apartments

The Marlowe Lake Boone

712 Tucker

Solis Hills

The Maggie

The Metropolitan

511 Faye

118-120 Bart St
University, Raleigh, NC Local Guide

How much does it cost to rent an apartment in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Studio Apartments | $1,548 | $950 | $3,702 |
University 1 Bedroom Apartments | $1,935 | $995 | $5,234 |
University 2 Bedroom Apartments | $2,756 | $1,169 | $8,972 |
University 3 Bedroom Apartments | $2,894 | $1,059 | $7,983 |
University 4 Bedroom Apartments | $1,099 | $955 | $1,259 |
Browse Apartments in this Neighborhood
There are currently 82 rentals with your search options within a 2 mile radius of the University Neighborhood of Raleigh, NC.
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University, Raleigh, NC Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Raleigh, NC is a 1 Bed unit found at 2923 Okelly St priced from $695. 218 Heck St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable University apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
2923 Okelly St | 2923 Okelly St | 1BR,1BA | $695 |
218 Heck St | 218 Heck St | 1BR,1BA | $825 |
Pullen Station Lofts | Studio | Studio,1BA | $950 |
Parkwood Village Apartments | 1 Bedroom | 1BR,1BA | $1,050 |
The Kenton Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
The Grove | A1 - The Grove | 1BR,1BA | $1,102 |
Capital Flats & Magnolia Square Apartments | CF 1x1A | 1BR,1BA | $1,112 |
Skyhouse Raleigh | S1 | Studio,1BA | $1,169 |
Shamrock Apartments | One Bedroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in University, NC
As of March 29, 2025 the best value apartment in the University area is the $0.49 price per square foot 218 Heck St Model at 218 Heck St in the in the Blount Street neighborhood starting from $825. The second greatest value University apartment is the 4 Bed, 4 Bath Plus Model at Yugo Raleigh Logan starting at $1,179 with a $0.88 price per square foot in the Cameron Park neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
218 Heck St | 218 Heck St | 1BR,1BA | $0.49 |
Yugo Raleigh Logan | 4 Bed, 4 Bath Plus | 4BR,4BA | $0.88 |
2923 Okelly St | 2923 Okelly St | 1BR,1BA | $0.53 |
Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.57 |
Grand Arbor Reserve Apartment Homes | Compton (C1) | 3BR,2BA | $1.35 |
Parkside at Five Points | PS 2x1.5 | 2BR,1.5BA | $1.26 |
Room in Condo on Myron Dr | Room in Condo on Myron Dr | 1BR,1BA | $0.95 |
Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
701 Brooks Ave, Unit 701 | 701 Brooks Ave | 2BR,1BA | $1.39 |
Parkwood Village Apartments | 1 Bedroom | 1BR,1BA | $1.24 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across North Carolina including University, Raleigh, and the greater Raleigh area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, family-friendly amenities, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Getting Around the University Neighborhood in Raleigh, NC
Walk Score®
65 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
71 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Apartments
What is a cheap apartment in University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,199.
What is the price of a cheap apartment in University?
The cheapest apartment in University is 2923 Okelly St which is listed at $695, while the average apartment in University costs $3,750.
What types of apartments are the cheapest in University?
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 27 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $664 which is $3,086 cheaper than the average rent for all rentals in University.
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.

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.

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.

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.

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.