Cheap Homes for Rent in University Neighborhood of Raleigh, NC from $600 (36 Rentals)

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

property at 3532 Ivy Commons Dr

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Condo for Rent

Available Now

3532 Ivy Commons Dr

RaleighNC27606

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property at 815 Clay St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

815 Clay St

RaleighNC27605
property at 901 Marilyn Dr

$1,099

Total Monthly Price

Total Monthly Price

Base Rent
$1,099

Total Monthly Price
$1,099

1 Bedroom, 1 Bath Condo for Rent

Available Now

901 Marilyn Dr

RaleighNC27607
property at 1504 Crest Rd

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

1504 Crest Rd

RaleighNC27606

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property at 202 Selwyn Aly

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Townhome for Rent

Available Now

202 Selwyn Aly, Unit A

202 Selwyn Aly
RaleighNC27601
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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property at 2365 Champion Ct

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

3 Bedroom, 3 Bath Condo for Rent

Available Now

2365 Champion Ct

RaleighNC27606

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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 Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here are the most affordable University apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Stanhope2x2 Shared2BR,2BA$845
The GroveA1 - The Mirlen1BR,1BA$896
Maxwell RaleighChelsea- Premium3BR,3BA$899
Capital Flats & Magnolia Square ApartmentsCF 1x1A1BR,1BA$949
Pullen Station LoftsStudioStudio,1BA$950
Wedgwood ApartmentsRaleigh EfficiencyStudio,1BA$989
Grand Arbor Reserve Apartment HomesBradbury 3 (B3)2BR,1BA$1,068
The LincolnThe Hub StudioStudio,1BA$1,071
Shamrock ApartmentsOne Bedroom1BR,1BA$1,079
Live on HillsboroughBldg 104 Studio1BR,1BA$1,080

Best Value Apartments for Rent in University, NC

As of April 06, 2026 the best value apartment in the University area is the $0.57 price per square foot 1 bd and 1 bath Student Model at Student Housing - Gorman Parkwood in the in the Lakeside neighborhood starting from $725. 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$0.57
The Townes at Bishops Park2x2.5 townhm2BR,2.5BA$1.56
Grand Arbor Reserve Apartment HomesCompton (C1)3BR,2BA$1.45
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
Spanish Trace Apartments2 Bed 2 Bath with Washer/Dryer - Deluxe2BR,2BA$1.49
Valentine CommonsThe Burke Platinum2BR,2BA$1.71
The GroveA1 - The Mirlen1BR,1BA$1.49

Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 418 Apartments for Rent in University, NC with pricing that ranges from $845 to $11,145. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $625 to $5,750.

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 $625 to $5,750 with an average monthly rent of $2,352.

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 $899 to $6,669, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,895. Four Bedroom Single-Family rentals are also available starting from $625 and Four Bedroom Apartments start at $875.

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

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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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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Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

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Articles, How-To's, and Tips

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.