Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (130 Rentals)

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

property at 3512 Ivy Commons Dr

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 To 2 Bedroom Condos for Rent

Available Aug 1

3512 Ivy Commons Dr

RaleighNC27606

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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Skyhouse Raleigh
Rent Specials
$914 - $2,675
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$914 - $2,675
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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

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

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Wedgwood Apartments
Rent Specials
$1,095 - $1,819
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Total Monthly Price

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$1,095 - $1,819
Total Monthly Price
$1,095 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
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  • Utilities Included

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.

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The Lincoln
Rent Specials
$1,149 - $2,423
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$1,149 - $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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Elan City Center
Rent Specials
$1,237 - $3,383
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$1,237 - $3,383
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Studio to 2 Bedroom Apartments Available Now

Elan City Center

510 N Wilmington StRaleigh, NC 27604
Furnished
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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.

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511 Faye
Rent Specials
$1,277 - $8,716
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$1,277 - $8,716
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Studio to 2 Bedroom Apartments Available Now

511 Faye

511 Fayetteville StRaleigh, NC 27601
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The Point
$1,306 - $3,312
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Total Monthly Price

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$1,306 - $3,312
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Studio to 2 Bedroom Apartments Available Now

The Point

605 Halifax StRaleigh, NC 27604
Luxury
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Discover Raleigh, North Carolina: A Local's Take on the City of Oaks

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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. 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
Stanhope2x2 Shared2BR,2BA$845
Pullen Station LoftsStudioStudio,1BA$950
The GroveA1 - The Grove1BR,1BA$993
The Kenton Apartments1BR/1.0BA1BR,1BA$1,025
Parkside at Davie1 Beds, 1 Baths1BR,1BA$1,095
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$1,095
Grand Arbor Reserve Apartment HomesAshford2BR,1BA$1,122
Brookside Apartments1x1 Classic1BR,1BA$1,125
The LincolnThe Hub StudioStudio,1BA$1,149

Best Value Apartments for Rent in University, NC

As of June 08, 2026 the best value apartment in the University area is the $0.48 price per square foot 4x4.5 Model at Redfield Villages in the in the Grove Park neighborhood starting from $899. The second greatest value University apartment is the 3x3 Model at Stanhope starting at $1,295 with a $0.99 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.
Redfield Villages4x4.54BR,4.5BA$0.48
Stanhope3x33BR,3BA$0.99
Method Townhomes3BD / 3.5BA Townhome3BR,3.5BA$0.50
Student Housing - Gorman Parkwood1 bd and 1 bath Student3BR,3BA$0.49
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.29
Bristol Creek Apartments2 Beds, 2 Baths2BR,2BA$1.50
1512CV2BR/2.0BA2BR,2BA$1.25
Grand Arbor Reserve Apartment HomesAshford2BR,1BA$1.21
Brookside Apartments1x1 Partial Upgrade1BR,1BA$1.51
The Kenton Apartments1BR/1.0BA1BR,1BA$1.55

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.

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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 $1,149.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Grove which is listed at $993, while the average apartment in University costs $2,410.

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 41 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 $655 which is $1,755 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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