Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (84 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
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.

property at 2300 Myron Dr

2300 Myron Dr

RaleighNC27607

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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 Studio unit found at Pullen Station Lofts priced from $950. Parkwood Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pullen Station LoftsStudioStudio,1BA$950
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050
The Oakwood Apartments1BR/1.0BA1BR,1BA$1,095
Skyhouse RaleighS4Studio,1BA$1,114
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,115
The GroveB12BR,2BA$1,170
511 FayeStudio 07Studio,1BA$1,237
MAA HueYellowStudio,1BA$1,243
The Acorn on Person StreetLeeStudio,1BA$1,255
The LincolnThe Hub StudioStudio,1BA$1,255

Best Value Apartments for Rent in University, NC

As of February 27, 2025 the best value apartment in the University area is the $0.88 price per square foot 4 Bed, 4 Bath Plus Model at Yugo Raleigh Logan in the in the Cameron Park neighborhood starting from $1,179. The second greatest value University apartment is the 1 bd and 1 bath Student Model at Student Housing - Gorman Parkwood starting at $585 with a $0.46 price per square foot in the Lakeside 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.
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.46
Parkside at Five PointsPS 2x1.52BR,1.5BA$1.26
Wedgwood Apartments2-2.2BR,2BA$1.51
Grand Arbor Reserve Apartment HomesBradbury 3 (B3)2BR,1BA$1.37
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
1512CV2BR/2.0BA2BR,2BA$1.51
Spanish Trace Apartments2 Bed 2 Bath with Washer/Dryer - Deluxe2BR,2BA$1.55
Parkwood Village Apartments1 Bedroom1BR,1BA$1.24
The GroveB12BR,2BA$1.38

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

Frequently Asked Questions about Cheap University Apartments

What is the Cheapest Studio apartment in University?

Currently the most affordable Cheap Studio Apartment in University is at Pullen Station Lofts listed at $950.

How much is rent for a Cheap One Bedroom University Apartment?

The lowest price for a Cheap One Bedroom University Apartment is $1,050 at Parkwood Village Apartments.

What is the lowest price for a Cheap Two Bedroom University Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University is starting from $1,170 at The Grove.

What is the most affordable University Three Bedroom Apartment?

The best deal on a cheap University Three Bedroom Apartment rental is at Wedgwood Apartments and starts from $1,851.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.