
Cheap Apartments for Rent in the Downtown Carrboro Neighborhood of Carrboro, NC from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Carrboro area of Carrboro.


University Lake

Royal Park - Students save up to 10%!

Ridgewood - Students save up to 10%!

Total Monthly Price
Collins Crossing

112 Bim St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Carolina - Students save up to 10%!

River View

109 W Poplar Ave

114 Bim St

202 W Poplar Ave

124 Fidelity St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Trustee Corner
Downtown Carrboro, Carrboro, NC Local Guide

How much does it cost to rent an apartment in Downtown Carrboro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Carrboro 1 Bedroom Apartments | $1,353 | $1,090 | $1,615 |
| Downtown Carrboro 2 Bedroom Apartments | $1,541 | $1,210 | $2,295 |
| Downtown Carrboro 3 Bedroom Apartments | $2,103 | $1,140 | $7,895 |
| Downtown Carrboro 4 Bedroom Apartments | $1,643 | $1,140 | $2,330 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Carrboro Neighborhood of Carrboro, NC.
See all Apartments in CarrboroExplore Carrboro
Cheapest Available Downtown Carrboro Apartments for Rent
 The cheapest available apartment rental in the Downtown Carrboro area of Carrboro, NC is a 2 Beds unit found at Royal Park - Students save up to 10%! priced from $1,210. Collins Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,232. Here are the most affordable Downtown Carrboro apartments for rent in Carrboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1,210 |
| Collins Crossing | b20b | 2BR,2BA | $1,232 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1BA | $1,290 |
| River View | 1A | 1BR,1BA | $1,295 |
| Boho on Bim Street | 2x1 | 2BR,1BA | $1,830 |
Best Value Apartments for Rent in Downtown Carrboro, NC
As of July 12, 2026 the best value apartment in the Downtown Carrboro area is the $1.94 price per square foot 4x2 Model at Boho on Bim Street in the in the Triple Crown Estates neighborhood starting from $2,330. The second greatest value Downtown Carrboro apartment is the Hatteras Model at Carolina - Students save up to 10%! starting at $1,290 with a $1.41 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Downtown Carrboro apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Boho on Bim Street | 4x2 | 4BR,2BA | $1.94 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.41 |
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1.34 |
| Collins Crossing | b10a | 2BR,1BA | $1.53 |
| River View | 1A | 1BR,1BA | $1.96 |
Frequently Asked Questions about Cheap Downtown Carrboro Apartments
What types of apartments are the cheapest in Downtown Carrboro?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Downtown Carrboro that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.