Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (79 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University area of Raleigh.

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property at 2112 Ruark Ct

2112 Ruark Ct

RaleighNC27608

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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. The Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $969. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Pullen Station LoftsStudioStudio,1BA$950
The GroveA1 - The Mirlen1BR,1BA$969
Parkwood Village Apartments1 Bedroom1BR,1BA$1,050
Pine Knoll ApartmentsStandard Model1BR,1BA$1,095
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$1,130
Grand Arbor Reserve Apartment HomesBradbury (B1)2BR,1BA$1,152
Shamrock ApartmentsOne Bedroom1BR,1BA$1,175
Anderson HillsThe Gresham - Renovated1BR,1BA$1,225
The Acorn on Person StreetLeeStudio,1BA$1,235
The PointS1Studio,1BA$1,247

Best Value Apartments for Rent in University, NC

As of June 21, 2025 the best value apartment in the University area is the $0.79 price per square foot Four Bedrooms Model at Stanhope in the in the Grove Park neighborhood starting from $1,250. 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.
StanhopeFour Bedrooms4BR,4BA$0.79
Yugo Raleigh Logan4 Bed, 4 Bath Plus4BR,4BA$0.88
Capital Apartments2012BR,1BA$1.46
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
Grand Arbor Reserve Apartment HomesCompton (C1)3BR,2BA$1.36
Wedgwood Apartments2-2.2BR,2BA$1.51
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Spanish Trace Apartments2 Bed 2 Bath with Washer/Dryer - Deluxe2BR,2BA$1.55
Parkwood Village Apartments1 Bedroom1BR,1BA$1.24

Quick Rent Budget Calculator

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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 $1,247.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Grove which is listed at $969, while the average apartment in University costs $2,837.

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 23 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 $735 which is $2,102 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.

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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.

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Written by: Cheryl Bowman

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

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Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.