
Cheap Homes for Rent in University Neighborhood of Raleigh, NC from $500 (39 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Raleigh.


1430 Collegeview Ave

1500 Graduate Ln

Room in Condo on Carlton Ave

1140 Carlton Ave, Unit 102

1511 Graduate Ln, Unit 103, Unit 103

1140 Carlton Ave, Unit 102, Unit 102

1120 Carlton Ave, Unit 104A, Unit 104A

1300 Gorman St
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.

3535 Ivy Commons Dr, Unit 201, Unit 201

3535 Ivy Commons Dr

901 Marilyn Dr, Unit B, Unit B

901 Marilyn Dr

3506 Ivy Commons Dr, Unit 202, Unit 202

3502 Ivy Commons Dr, Unit 302, Unit 302

3502 Ivy Commons Dr

3510 Ivy Commons Dr, Unit 302, Unit 302

3506 Ivy Commons Dr
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.

3510-302 Ivy Commons Dr

508 S Person St

1617 Sunrise Ave

1617 Sunrise Ave, Unit B, Unit B

Room in Townhome on New Bern Ave

3512 Ivy Commons Dr, Unit 1391

3512 Ivy Commons Dr

1620 Crest Rd, Unit 1620

2206 Bernard St
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.

2222 Bernard St

2522 Avent Ferry Rd

1410 Kent Rd

1615 Collegeview Ave

1200-1202 Duplin Rd

1064 Nichols Dr

2061 Trexler Ct

2331 Champion Ct, Unit 2331, Unit 2331

4220 Kaplan Dr
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.

2715 Kilgore Ave

707 Wade Ave

1076 Nichols Dr
University, Raleigh, NC Local Guide

How much does it cost to rent a home in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 2 Bedroom Homes for Rent | $1,638 | $1,000 | $2,800 |
| University 3 Bedroom Homes for Rent | $2,516 | $1,500 | $5,000 |
| University 4 Bedroom Homes for Rent | $2,110 | $640 | $3,000 |
| University 5 Bedroom Homes for Rent | $5,798 | $5,250 | $6,895 |
Browse Homes for Rent in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the University Neighborhood of Raleigh, NC.
Explore Raleigh
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stanhope | 2x2 Shared | 2BR,2BA | $845 |
| Pullen Station Lofts | Studio | Studio,1BA | $950 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $989 |
| The Kenton Apartments | 1BR/1.0BA | 1BR,1BA | $1,025 |
| The Grove | A1 - The Grove | 1BR,1BA | $1,047 |
| Skyhouse Raleigh | S2 | Studio,1BA | $1,069 |
| Grand Arbor Reserve Apartment Homes | Bradbury 3 (B3) | 2BR,1BA | $1,111 |
| Brookside Apartments | 1x1 Classic | 1BR,1BA | $1,125 |
| Cameron Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,185 |
| The Shelton at Cameron Court | 1 Bedroom, 1 Bath | 1BR,1BA | $1,185 |
Best Value Apartments for Rent in University, NC
As of May 21, 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 4 Bed, 4 Bath Courtyard Model at Yugo Raleigh Logan starting at $1,219 with a $0.88 price per square foot in the Cameron Park neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redfield Villages | 4x4.5 | 4BR,4.5BA | $0.48 |
| Yugo Raleigh Logan | 4 Bed, 4 Bath Courtyard | 4BR,4BA | $0.88 |
| Stanhope | 3x3 | 3BR,3BA | $0.99 |
| Method Townhomes | 3BD / 3.5BA Townhome | 3BR,3.5BA | $0.54 |
| Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.49 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.29 |
| 1512CV | 2BR/2.0BA | 2BR,2BA | $1.30 |
| Grand Arbor Reserve Apartment Homes | Bradbury 3 (B3) | 2BR,1BA | $1.20 |
| The Grove | A1 - The Grove | 1BR,1BA | $1.40 |
| The Kenton Apartments | 1BR/1.0BA | 1BR,1BA | $1.55 |
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 421 Apartments for Rent in University, NC with pricing that ranges from $625 to $9,930. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $575 to $6,895.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $575 to $6,895 with an average monthly rent of $2,389.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $799 to $9,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,000. Four Bedroom Single-Family rentals are also available starting from $640 and Four Bedroom Apartments start at $625.
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

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.

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.

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers
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Discover Raleigh, North Carolina: A Locals Take on the City of Oaks
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.