
Cheap Homes for Rent in University Neighborhood of Raleigh, NC from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Raleigh.


1140 Carlton Ave

1140 Carlton Ave, Unit 102

1511 Graduate Ln, Unit 103

Room in House on Heck St
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.

3506 Ivy Commons Dr, Unit 301

3502 Ivy Commons Dr, Unit 201

815 Clay St

703 Daniels St, Unit Cameron Village Condo

3535 Ivy Commons Dr, Unit 302
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.

1504 Crest Rd

1208 Carlton Ave

1092 Nichols Dr

202 Selwyn Alley

929 St Marys St
Discover Terrific Apartment Opportunities Near Raleigh’s Largest Employers
Moving to Raleigh for a new job? Discover top apartment rentals with short commutes near major employers like WakeMed, Fidelity, and Cisco Systems.

505 Freeman St
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 | $1,781 | $1,125 | $2,600 |
| University 3 Bedroom Homes for Rent | $2,628 | $1,500 | $4,800 |
| University 4 Bedroom Homes for Rent | $4,004 | $3,095 | $5,395 |
| University 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 Studio unit found at Pullen Station Lofts priced from $815. Stanhope has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here are the most affordable University apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pullen Station Lofts | Studio | Studio,1BA | $815 |
| Stanhope | 2x2 Shared | 2BR,2BA | $845 |
| Maxwell Raleigh | Chelsea- Premium | 3BR,3BA | $899 |
| The Grove | A1 - The Grove | 1BR,1BA | $943 |
| Wedgwood Apartments | Raleigh Efficiency | Studio,1BA | $989 |
Best Value Apartments for Rent in University, NC
As of February 19, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Student Housing - Gorman Parkwood | 1 bd and 1 bath Student | 3BR,3BA | $0.57 |
| The Townes at Bishops Park | 2x2.5 townhm | 2BR,2.5BA | $1.56 |
| Grand Arbor Reserve Apartment Homes | Compton (C1) | 3BR,2BA | $1.42 |
| The Mordecai on Clover | 2 BR 1.5 BA TOWNHOME | 2BR,1.5BA | $1.29 |
| 1512CV | 2BR/2.0BA | 2BR,2BA | $1.19 |
| Yugo Raleigh Logan | 2 Bed, 2 Bath Corner | 2BR,2BA | $1.36 |
| Stanhope | 2x2 | 2BR,2BA | $1.50 |
| Method Townhomes | 2BD / 2.5BA Townhome | 2BR,2.5BA | $0.89 |
| Spanish Trace Apartments | 2 Bed 2 Bath with Washer/Dryer - Deluxe | 2BR,2BA | $1.55 |
| The Grove | A1 - The Mirlen | 1BR,1BA | $1.56 |
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 404 Apartments for Rent in University, NC with pricing that ranges from $845 to $9,009. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $700 to $6,500.
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 $700 to $6,500 with an average monthly rent of $3,271.
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 $9,009, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,800. Four Bedroom Single-Family rentals are also available starting from $3,095 and Four Bedroom Apartments start at $990.
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
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.
Articles, How-To's, and Tips

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.

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.

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.

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.