The predictors of urban trip mode choice and one of its important components, public transit ridership, have still not been thoroughly investigated using case studies in Central Europe. Therefore, this study attempts to clarify the correlates of mode choices for commute travel and shopping, and entertainment travel to distant places, as well as the frequencies of public transit use of university students, using a wide range of explanatory variables covering individual, household, and socio-economic attributes as well as their perceptions, mobility, and the nearby built environment. The correlation hypothesis of these factors, especially the role of the street network, was tested by collecting the data from 1288 university students in Krakow and developing Binary Logistic and Ordinal Probit models. The results show that gender, age, car ownership, main daily activity, possession of a driving license, gross monthly income, duration of living in the current home, daily shopping area, sense of belonging to the neighborhood, quality of social/recreational facilities of the neighborhood, and commuting distance can predict commute and non-commute mode choices, while gender, daily activity, financial dependence from the family, entertainment place, quality of social/recreational facilities, residential self-selection, number of commute trips, time living in the current home, and street connectivity around home are significantly correlated with public transit use. Some of these findings are somewhat different from those regarding university students in Western Europe or other high-income countries. These results can be used for policy making to reduce students’ personal and household car use and increase sustainable modal share in Poland and similar neighboring countries.