Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (82 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the University 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

Read Article
property at 118-120 Bart St

118-120 Bart St

RaleighNC27610
Showing Results 1-50, Page 1 of 2

University, Raleigh, NC Local Guide

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 ListingModel NameBed/BathPriced From
2923 Okelly St2923 Okelly St1BR,1BA$695
218 Heck St218 Heck St1BR,1BA$825
Pullen Station LoftsStudioStudio,1BA$950
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050
The Kenton Apartments1BR/1.0BA1BR,1BA$1,050
The GroveA1 - The Grove1BR,1BA$1,102
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,112
Skyhouse RaleighS1Studio,1BA$1,169
Shamrock ApartmentsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
218 Heck St218 Heck St1BR,1BA$0.49
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
2923 Okelly St2923 Okelly St1BR,1BA$0.53
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Grand Arbor Reserve Apartment HomesCompton (C1)3BR,2BA$1.35
Parkside at Five PointsPS 2x1.52BR,1.5BA$1.26
Room in Condo on Myron DrRoom in Condo on Myron Dr1BR,1BA$0.95
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
701 Brooks Ave, Unit 701701 Brooks Ave2BR,1BA$1.39
Parkwood Village Apartments1 Bedroom1BR,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.

decorative image of people with a giant lease agreement

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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.