I received my B.A. from USF in Dec of 07. The University is mostly a commuter campus and there are lots of apartment complexes around that cater to students. That being said, I would highly suggest not living in any of the complexes within two blocks of the University. While they do offer proximity, 1) the campus is too large to walk most days and 2) do you really want to have undergrad parties above and below you while trying to study?
Several of my friends and I lived in the Tampa Palms area which is roughly ten minutes North of campus on Bruce B. Downs Blvd. There are many apartment complexes and they tend to be much more quite and grown up. Having said that, you will expect to pay more for them. The one bedroom I rented in 2005-2007 was $790/mth. Hope it helps!