Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (135 Rentals)

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

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

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Skyhouse Raleigh
Rent Specials
$973 - $2,643
Total Monthly Price

Total Monthly Price

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$973 - $2,643
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Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

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

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Wedgwood Apartments
$999 - $1,819
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Total Monthly Price

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$999 - $1,819
Total Monthly Price
$999 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
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The Lincoln
Rent Specials
$1,155 - $2,423
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$1,155 - $2,423
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Studio to 2 Bedroom Apartments Available Now

The Lincoln

408 E Hargett StRaleigh, NC 27601
Corporate Housing
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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.

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property at 3206 Ruffin St

$1,200

2 To 3 Bedroom Rentals

Available Now

3206 Ruffin St

RaleighNC27607
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Elan City Center
Rent Specials
$1,251 - $3,337
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$1,251 - $3,337
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Studio to 2 Bedroom Apartments Available Now

Elan City Center

510 N Wilmington StRaleigh, NC 27604
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The Point
$1,256 - $3,364
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$1,256 - $3,364
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Studio to 2 Bedroom Apartments Available Now

The Point

605 Halifax StRaleigh, NC 27604
Luxury
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Raleigh's Best Affordable Neighborhoods

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

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511 Faye
Rent Specials
$1,340 - $3,227
Total Monthly Price

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$1,340 - $3,227
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Studio to 1 Bedroom Apartments Available Now

511 Faye

511 Fayetteville StRaleigh, NC 27601
Corporate Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 2 Beds unit found at Stanhope priced from $845. The Kenton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Stanhope2x2 Shared2BR,2BA$845
The Kenton Apartments1BR/1.0BA1BR,1BA$945
Pullen Station LoftsStudioStudio,1BA$950
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$999
The GroveB12BR,2BA$1,074
Parkside at Davie1 Beds, 1 Baths1BR,1BA$1,095
3917 Greenleaf St2 Beds, 1 Baths2BR,1BA$1,200
815 Clay St1 Beds, 1 Baths1BR,1BA$1,225
Anderson HillsThe Gresham - Renovated1BR,1BA$1,250
1512CV2BR/2.0BA2BR,2BA$1,250

Best Value Apartments for Rent in University, NC

As of July 23, 2026 the best value apartment in the University area is the $0.78 price per square foot 4x4 Corner Model at Stanhope in the in the Grove Park neighborhood starting from $1,199. The second greatest value University apartment is the 3BD / 3.5BA Townhome Model at Method Townhomes starting at $650 with a $0.50 price per square foot in the Grove 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.
Stanhope4x4 Corner4BR,4BA$0.78
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.50
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
Signature 1505D14BR,2BA$0.87
The Hillsborough2 Bed 2 Bath Unfurnished2BR,2BA$1.04
Anclote Arms2 BEDROOM2BR,2BA$1.32
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.42
1512CV2BR/2.0BA2BR,2BA$1.19
Brookside Apartments1x1 Loft Classic1BR,1BA$1.38
The GroveB12BR,2BA$1.26

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

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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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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 $1,250.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Kenton Apartments which is listed at $945, while the average apartment in University costs $2,278.

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 49 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 $499 which is $1,779 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.

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