Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (85 Rentals)

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

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 1 Bed unit found at The Kenton Apartments priced from $925. Pullen Station Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The Kenton Apartments1BR/1.0BA1BR,1BA$925
Pullen Station LoftsStudioStudio,1BA$950
Shamrock ApartmentsOne Bedroom1BR,1BA$999
Wedgwood ApartmentsShamrock 1x11BR,1BA$999
The GroveA1 - The Mirlen1BR,1BA$1,010
The LincolnThe Hub StudioStudio,1BA$1,042
3116 Hillsborough2x12BR,1BA$1,065
Grand Arbor Reserve Apartment HomesBradbury 3 (B3)2BR,1BA$1,122
The Apartments at St. Mary'sS3Studio,1BA$1,125
The SignalS1Studio,1BA$1,128

Best Value Apartments for Rent in University, NC

As of November 12, 2025 the best value apartment in the University area is the $0.91 price per square foot Entire Home Model at 1115 Marshall St in the in the Blount Street neighborhood starting from $4,000. The second greatest value University apartment is the 2 Bed #310 Model at 618 N Boylan Ave starting at $2,035 with a $1.30 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.
1115 Marshall StEntire Home4BR,3.5BA$0.91
618 N Boylan Ave2 Bed #3102BR,2.5BA$1.30
Capital Apartments2012BR,1BA$1.35
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.57
Grand Arbor Reserve Apartment HomesBradbury (B1)2BR,1.5BA$1.25
1512CV2BR/2.0BA2BR,2BA$1.23
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.24
Yugo Raleigh Logan2 Bed, 2 Bath Corner2BR,2BA$1.36
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
The Kenton Apartments1BR/1.0BA1BR,1BA$1.40

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

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

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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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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.

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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 $1,128.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Kenton Apartments which is listed at $925, while the average apartment in University costs $2,364.

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 105 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 $438 which is $1,926 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.