Its relatively safe. If you go south a few blocks, it gets pretty sketchy. I lived in the RC last year, and there were more or less no incidents. Security is pretty good, the RC itself is a fortress, to get to your room you have to pass thru 2 layers of security camera coverage, a student at a desk (at night), and two sets of doors, the final one requires both your keycard and PIN to open. That said I wouldnt recommend walking around the neighborhood at night for any reason (crossing the street to get into the school is perfectly safe).
In practice you never go wandering around the area anyway, especially if you have a car There just isnt anything to do. If you are leaving the confines of the school, you are gonna be cabbing it to better areas of the city anyway.
Use your judgment, its not a super bad area, but its not exactly stab or be stabbed either.