Critical response
On review aggregator Rotten Tomatoes, the film holds an approval rating of 77% based on 35 reviews with an average rating of 6.7/10. The website's critical consensus reads, "It follows college tropes, but Real Genius has an optimistic streak that puts you on Val Kilmer's side all the way." On Metacritic, the film received a score of 71 based on 15 reviews, indicating "generally favorable reviews".
Colin Greenland reviewed the film for White Dwarf #85, and stated that it was "yet another celebration of the anxious wonder of growing up white, middle-class and heterosexual in America. The lovable weirdos squabble in the lab, play hi-tech pranks in the dorm and party in the lecture theater. Nerds just wanna have fun. Nerds have feelings too. Hug a Nerd today."
In her review for The New York Times, Janet Maslin wrote, "the film is best when it takes [the students] seriously, though it does so only intermittently." David Ansen wrote in his review for Newsweek, "When it's good, the dormitory high jinks feel like the genuine release of teen-age tensions and cruelty. Too bad the story isn't as smart as the kids in it." In her review for The Washington Post, Rita Kempley wrote, "Many of the scenes, already badly written, fail to fulfill their screwball potential... [D]espite its enthusiastic young cast and its many good intentions, it doesn't quite succeed. I guess there's a leak in the think tank."
Chicago Sun Times film critic Roger Ebert awarded the film three and a half stars out of four, saying that it "contains many pleasures, but one of the best is its conviction that the American campus contains life as we know it." In his review for The Globe and Mail, Salem Alaton wrote, "Producer Brian Grazer craved a feel-good picture, and she [Martha Coolidge] turned in the summer's best, and she didn't cheat to do it. There's heart in the kookiness. Real Genius has real people, real comedy and real fun." Richard Schickel of Time praised the film for being "a smart, no-nonsense movie that may actually teach its prime audience a valuable lesson: the best retort to an intolerable situation is not necessarily a food fight. Better results, and more fun, come from rubbing a few brains briskly together."