Cheap Homes for Rent in University Area Akron, OH from $500 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Area area of Akron.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cheapest Available University Area Apartments for Rent

 

The cheapest available apartment rental in the University Area area of Akron, OH is a 5 Beds unit found at Akron U Townhomes - Student Housing priced from $525. Summit at Glendale has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable University Area apartments for rent in Akron, OH:

Apartment ListingModel NameBed/BathPriced From
Akron U Townhomes - Student Housing4 Bedroom 1 Bonus Room - 4 Person Rate5BR,5BA$525
Summit at GlendaleOne bedroom1BR,1BA$600
College Street ApartmentsStudioStudio,1BA$620
The Towers/Fir HillStudioStudio,1BA$750
East Buchtel Place1 Beds, 1 Baths1BR,1BA$750

Best Value Apartments for Rent in University Area, OH

As of April 27, 2026 the best value apartment in the University Area area is the $0.43 price per square foot 3 Bedroom 2 Bonus Room - 3 Person Rate Model at Akron U Townhomes - Student Housing in the in the University Area neighborhood starting from $695. The second greatest value University Area apartment is the 537 Carroll St Model at 537 Carroll St starting at $1,510 with a $0.98 price per square foot in the University Area neighborhood. Here is today’s list of the best values for University Area apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Akron U Townhomes - Student Housing3 Bedroom 2 Bonus Room - 3 Person Rate5BR,5BA$0.43
537 Carroll St537 Carroll St4BR,1BA$0.98
681 Carroll St, Unit Unit Number 681681 Carroll St5BR,5BA$1.17
Gothic Apartments2 Bed 1 Bath2BR,1BA$1.07
University Commons Apartments4BR / 2 bath4BR,2BA$1.18
146 King Dr2/12BR,1BA$1.25
119 Dawes Ave1.5/11BR,1BA$1.14
The Towers/Fir HillStudioStudio ,1BA$1.17
College Street ApartmentsStudioStudio ,1BA$1.24
685 Carroll St, Unit 685685 Carroll StStudio ,1BA$1.07

Frequently Asked Questions about University Area

What type of rentals are currently available in University Area?

There are currently 123 Apartments for Rent in University Area, OH with pricing that ranges from $375 to $2,985. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Area ranging from $500 to $2,320.

What is the current price range for Rental Homes in University Area?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Area ranges from $500 to $2,320 with an average monthly rent of $1,229.

How much are larger Three and Four Bedroom Rentals in University Area?

For those who are looking for larger living arrangements, Three Bedroom Apartments in University Area range from $400 to $2,985, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,495. Four Bedroom Single-Family rentals are also available starting from $875 and Four Bedroom Apartments start at $489.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Akron, OH article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Akron, OH

Written by: Catrina Cowart

I'm Catrina, your ApartmentHomeLiving.com Local Expert for Akron, and I'm here to talk to you about this city that is a bustling part of Northeastern Ohio.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.