Cheap Apartments for Rent in the University Neighborhood of Raleigh, NC from $600 (128 Rentals)

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

property at 1011 Parker St

$855

Total Monthly Price

Total Monthly Price

Base Rent
$855
Total Monthly Price
$855

4 Bedroom, 3 Bath Home for Rent

Available Aug 7, 2027

1011 Parker St

RaleighNC27607

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Wedgwood Apartments
Rent Specials
$989 - $1,819
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $1,819
Total Monthly Price
$989 - $1,819
Studio to 3 Bedroom Apartments Available Now

Wedgwood Apartments

740 Smallwood DrRaleigh, NC 27605
Affordability
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Skyhouse Raleigh
Rent Specials
$1,014 - $2,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,014 - $2,699
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Varies
Studio to 3 Bedroom Apartments Available Now

Skyhouse Raleigh

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

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

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The Lincoln
Rent Specials
$1,106 - $2,352
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Total Monthly Price

Base Rent
$1,106 - $2,352
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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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  • 3D Tour

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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The Gramercy
Rent Specials
$1,205 - $2,290
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Total Monthly Price

Base Rent
$1,205 - $2,290
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Studio to 2 Bedroom Apartments Available Now

The Gramercy

650 W North StRaleigh, NC 27603
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property at 505 Freeman St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

505 Freeman St

RaleighNC27601
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The Signal
Rent Specials
$1,304 - $5,540
Total Monthly Price

Total Monthly Price

Base Rent
$1,304 - $5,540
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

The Signal

721 Halifax StRaleigh, NC 27604
Pet Friendly
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The Devon Four25
Rent Specials
$1,330 - $4,955
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $4,955
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Devon Four25

425 Boylan AveRaleigh, NC 27603
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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 Mirlen1BR,1BA$977
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$989
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$989
Grand Arbor Reserve Apartment HomesBradbury 3 (B3)2BR,1BA$1,035
Live on HillsboroughBldg 104 Studio1BR,1BA$1,080
Shamrock ApartmentsOne Bedroom1BR,1BA$1,093
The LincolnThe Hub StudioStudio,1BA$1,106

Best Value Apartments for Rent in University, NC

As of April 23, 2026 the best value apartment in the University area is the $0.49 price per square foot 1 bd and 1 bath Student Model at Student Housing - Gorman Parkwood in the in the Lakeside neighborhood starting from $625. 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$0.49
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
Grand Arbor Reserve Apartment HomesCompton (C1)3BR,2BA$1.31
The Mordecai on Clover2 BR 1.5 BA TOWNHOME2BR,1.5BA$1.29
Yugo Raleigh Logan2 Bed, 2 Bath Corner2BR,2BA$1.36
Stanhope2x22BR,2BA$1.50
Method Townhomes2BD / 2.5BA Townhome2BR,2.5BA$0.89
Redfield Villages2x1.52BR,1.5BA$1.31
Brookside Apartments1x1 Partial Upgrade1BR,1BA$1.51
900 Moses Ct900 Moses Ct1BR,1BA$1.50

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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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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 $1,106.

What is the price of a cheap apartment in University?

The cheapest apartment in University is The Grove which is listed at $977, while the average apartment in University costs $2,294.

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 76 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 $517 which is $1,777 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

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

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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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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.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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