College rental bikes

does anyone know of any schools, or cities for that matter, that offer bike rentals for a monthly fee??? I remember hearing something about this in NYC I think? Yellow Bikes? Any information would be apprieciated.

just to specify, commuting, not racing
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I suspect if it exists it’s a lot more expensive than buying an inexpensive new Giant (lots of bike for the buck) or used other bike on eBay to commute with.

i believe there used to be a program in berkeley ca, where you could pick up / drop off these beater bikes for free. they carried big advertisements, for a company that was like paypal