
Cheap Homes for Rent in University Park, PA from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in University Park.


110 S Lloyd St

236 Pennsylvania Ave

1330 Charles St

615 Bigler Ave
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.

326 E Church St

101-4 Grandview Rd

126 Commerce St

421 Rhett Lane

339 S Fairview 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.
University Park, PA Local Guide

How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,723 | $1,100 | $2,500 |
| University Park 3 Bedroom Homes for Rent | $1,706 | $799 | $2,600 |
| University Park 4 Bedroom Homes for Rent | $2,671 | $1,095 | $3,700 |
Browse Top Homes for Rent in University Park
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University Park, PA Local Guide
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Cheapest Available University Park Apartments for Rent and Nearby
 The cheapest available apartment rental in University Park, PA is a 1 Bed unit found at Centre Estates I & II priced from $943. Park Hill has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,084. Here is today’s list of the most affordable University Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Centre Estates I & II | 1 BR HCP/WC Accessible | 1BR,1BA | $943 |
| Park Hill | 2x1 Shared | 2BR,1BA | $1,084 |
| The Canyon | AC 2x1 Shared | 2BR,1BA | $1,099 |
Best Value Apartments for Rent in University Park, PA and Nearby
As of June 20, 2026 the best value apartment in the University Park area is the $0.44 price per square foot 3BR/3.5BA - Standard - Upgraded Unfurnished Model at State College Collective on Farmstead in the starting from $765. The second greatest value University Park apartment is the 3BR/3.5BR - Upgraded Furnished - B Model at State College Collective on Aaron starting at $790 with a $0.46 price per square foot . Here is today’s list of the best values for University Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| State College Collective on Farmstead | 3BR/3.5BA - Standard - Upgraded Unfurnished | 3BR,3.5BA | $0.44 |
| State College Collective on Aaron | 3BR/3.5BR - Upgraded Furnished - B | 3BR,3.5BA | $0.46 |
| oLiv Highland | 5x4 | 5BR,4BA | $0.88 |
| State College Collective on Northbrook | 2BR/2.5BA - Furnished | 2BR,2.5BA | $0.79 |
| The Villas at Happy Valley | 3x3.5 Townhome | 3BR,3.5BA | $0.62 |
| Tremont | 4BR/2BA | 4BR,2BA | $0.54 |
| The Bryn | 3BR/2BA | 3BR,2BA | $0.78 |
| The Pointe at State College | 3 Bedroom/3 Bath | 3BR,3BA | $0.90 |
| Altoona Student Housing | 1 Bed | 1BR,1BA | $0.46 |
| Park Hill | 2x1 Shared | 2BR,1BA | $1.16 |
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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about University Park
What type of rentals are currently available in University Park?
There are currently 58 Apartments for Rent in University Park, PA with pricing that ranges from $585 to $4,221. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $799 to $3,700.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $799 to $3,700 with an average monthly rent of $1,771.
How much are larger Three and Four Bedroom Rentals in University Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $699 to $4,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $799 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $585.
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.