Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (81 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.

close
View Me
Skyhouse Raleigh
Rent Specials
$989 - $2,674
Total Monthly Price

Total Monthly Price

Base Rent
$953 - $2,638
Required Monthly Fees
$36
Total Monthly Price
$989 - $2,674
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

308 S Blount StRaleigh, NC 27601
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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.

Read Article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
Oberlin Court Apartments
$1,291 - $3,620
Total Monthly Price

Total Monthly Price

Base Rent
$1,244 - $3,573
Required Monthly Fees
$47
Total Monthly Price
$1,291 - $3,620
Studio to 3 Bedroom Apartments Available Now

Oberlin Court Apartments

1009 Wade AveRaleigh, NC 27605
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Gramercy
Rent Specials
$1,295 - $2,290
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,245
Required Monthly Fees
$45
Total Monthly Price
$1,295 - $2,290
Studio to 2 Bedroom Apartments Available Now

The Gramercy

650 W North StRaleigh, NC 27603
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

Read Article
close
View Me
The Dillon
Rent Specials
$1,309 - $3,209
Total Monthly Price

Total Monthly Price

Base Rent
$1,140 - $3,040
Required Monthly Fees
$169
Total Monthly Price
$1,309 - $3,209
Studio to 3 Bedroom Apartments Available Now

The Dillon

401 W Hargett StRaleigh, NC 27603
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Miles
Rent Specials
$1,312 - $5,002
Total Monthly Price

Total Monthly Price

Base Rent
$1,220 - $4,910
Required Monthly Fees
$92
Total Monthly Price
$1,312 - $5,002
Studio to 3 Bedroom Apartments Available Now

The Miles

10 W Franklin StRaleigh, NC 27604
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Point
Rent Specials
$1,366 - $3,184
Total Monthly Price

Total Monthly Price

Base Rent
$1,272 - $3,090
Required Monthly Fees
$94
Total Monthly Price
$1,366 - $3,184
Studio to 2 Bedroom Apartments Available Now

The Point

605 Halifax StRaleigh, NC 27604
Affordability
  • Verified
  • Customer Reviewed
close
View Me
Anderson Flats
Rent Specials
$1,371 - $2,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $2,137
Required Monthly Fees
$66
Total Monthly Price
$1,371 - $2,203
Studio to 2 Bedroom Apartments Available Now

Anderson Flats

2841 Manorcrest CtRaleigh, NC 27609
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers

Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

Read Article
close
View Me
Elan City Center
Rent Specials
$1,384 - $3,041
Total Monthly Price

Total Monthly Price

Base Rent
$1,319 - $2,976
Required Monthly Fees
$65
Total Monthly Price
$1,384 - $3,041
Studio to 2 Bedroom Apartments Available Now

Elan City Center

510 N Wilmington StRaleigh, NC 27604
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Devon Four25
Rent Specials
$1,391 - $5,181
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $5,140
Required Monthly Fees
$41
Total Monthly Price
$1,391 - $5,181
Studio to 2 Bedroom Apartments Available Now

The Devon Four25

425 Boylan AveRaleigh, NC 27603
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
The Signal
Rent Specials
$1,400 - $5,474
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $5,383
Required Monthly Fees
$91
Total Monthly Price
$1,400 - $5,474
Studio to 3 Bedroom Apartments Available Now

The Signal

721 Halifax StRaleigh, NC 27604
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Cortland Glenwood South
Rent Specials
$1,403 - $9,461
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $9,428
Required Monthly Fees
$33
Total Monthly Price
$1,403 - $9,461
Studio to 3 Bedroom Apartments Available Now

Cortland Glenwood South

417 W Peace StRaleigh, NC 27603
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
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 2 Beds unit found at Stanhope priced from $845. The Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $857. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Stanhope2x2 Shared2BR,2BA$845
The GroveA1 - The Mirlen1BR,1BA$857
Maxwell RaleighChelsea- Premium3BR,3BA$899
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$949
Pullen Station LoftsStudioStudio,1BA$950
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$989
Grand Arbor Reserve Apartment HomesBradbury (B1)2BR,1BA$1,013
The Acorn on Person StreetLeeStudio,1BA$1,099
Brookside ApartmentsStudio Newly RenovatedStudio,1BA$1,149
The Kenton Apartments1BR/1.0BA1BR,1BA$1,150

Best Value Apartments for Rent in University, NC

As of March 09, 2026 the best value apartment in the University area is the $0.57 price per square foot 1 bd and 1 bath Student Model at Student Housing - Gorman Parkwood in the in the Lakeside neighborhood starting from $725. The second greatest value University apartment is the 2x2.5 townhm Model at The Townes at Bishops Park starting at $1,850 with a $1.56 price per square foot in the Blount Street 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.
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$1.29
1512CV2BR/2.0BA2BR,2BA$1.19
Yugo Raleigh Logan2 Bed, 2 Bath Corner2BR,2BA$1.36
Stanhope2x22BR,2BA$1.50
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Spanish Trace Apartments2 Bed 2 Bath with Washer/Dryer - Deluxe2BR,2BA$1.55
The Kenton Apartments1BR/1.0BA1BR,1BA$1.74
The GroveA1 - The Mirlen1BR,1BA$1.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

Read Article
Decorative image

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.

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 $1,150.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Grove which is listed at $857, while the average apartment in University costs $2,315.

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 68 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 $489 which is $1,826 cheaper than the average rent for all rentals in University.

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.

Helpful Local Expert Guides

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 Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

decorative image for Discover Terrific Apartment Opportunities Near Raleighs Largest Employers article

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

decorative image for Discover Raleigh, North Carolina: A Locals Take on the City of Oaks article

Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.