A critical component of urban transportation, especially in places with heavy traffic, like university campuses, is pedestrian safety at signalized crosswalks. Crosswalks are places set aside for people to safely cross streets, but their efficacy frequently depends on how well traffic signals are followed, how drivers behave, and how the crosswalk is designed. Common issues include red light running, short durations of signal phases, and pedestrians and vehicles interacting simultaneously, which can lead to risky conflicts, and in turn, dangerous situations. For specific groups, such as university students navigating busy areas like campuses, tailored road safety policies—such as targeted interventions near educational institutions—can significantly reduce risks. By fostering a safer environment, cities can encourage walking as a sustainable and health-conscious mode of transport. This paper explores university students’ pedestrian behavior and perception of safety at signalized crosswalks, emphasizing interactions between pedestrians and vehicles near the campus of Aristotle University of Thessaloniki (AUTh), Greece. The paper evaluates variables affecting pedestrian decisions, including traffic volume, vehicle speed, and signal compliance using data from an in-situ questionnaire-based survey addressed to AUTh university students. The results underline the necessity for improved crosswalk design and enforcement strategies to enhance pedestrian safety. Practical recommendations include optimizing signal timing, increasing crosswalk visibility, and raising public awareness of pedestrian rights and responsibilities. This research provides valuable insights for urban planners and policymakers aiming to create safer and more accessible urban spaces.