
Cheap Homes for Rent in University Neighborhood of Raleigh, NC from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Raleigh.


3537 Ivy Commons Dr, Unit 201

701 Daniels St, Unit C

1212 Carlton Ave

3510 Ivy Commons Dr

202 Selwyn Alley

833 Daniels St

2221 Brewer St

2350 Champion Ct

2205 Brewer St
Raleigh's Best Affordable Neighborhoods
Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

2212 Bernard St

2318 Champion Ct

1225 Robinson Ave

2300 Myron Dr

1624 Collegeview Ave

3804 Marcom St
University, Raleigh, NC Local Guide

How much does it cost to rent a home in University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University 2 Bedroom Homes for Rent | $1,960 | $1,200 | $3,650 |
University 3 Bedroom Homes for Rent | $2,397 | $1,499 | $3,800 |
University 4 Bedroom Homes for Rent | $3,832 | $635 | $4,895 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the University Neighborhood of Raleigh, NC.
Explore Raleigh
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 |
Best Value Apartments for Rent in University, NC
As of March 24, 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 |
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 |
Grand Arbor Reserve Apartment Homes | Bradbury 3 (B3) | 2BR,1BA | $1.38 |
Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
Parkwood Village Apartments | 1 Bedroom | 1BR,1BA | $1.24 |
The Grove | B1 | 2BR,2BA | $1.38 |
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 407 Apartments for Rent in University, NC with pricing that ranges from $950 to $8,972. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $635 to $4,895.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $635 to $4,895 with an average monthly rent of $2,445.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $1,059 to $7,983, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $3,800. Four Bedroom Single-Family rentals are also available starting from $635 and Four Bedroom Apartments start at $955.
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.