
Cheap Apartments for Rent in the Downtown Carrboro Neighborhood of Carrboro, NC from $700 (16 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%!

Total Monthly Price
River View

Ridgewood - Students save up to 10%!
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.

106 Pleasant Dr

Total Monthly Price
Collins Crossing

434 S Greensboro St

Carolina - Students save up to 10%!

178 W Braxton Foushee 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.

109 W Poplar Ave

114 Bim St

202 W Poplar Ave

114 Beechwood Dr

700 N Greensboro St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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 | $1,343 | $1,090 | $1,695 |
| Downtown Carrboro 2 Bedroom Apartments | $1,506 | $1,170 | $2,000 |
| Downtown Carrboro 3 Bedroom Apartments | $2,294 | $1,140 | $9,019 |
| Downtown Carrboro 4 Bedroom Apartments | $1,751 | $1,140 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 16 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 1 Bed unit found at Royal Park - Students save up to 10%! priced from $1,125. River View has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,133. 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%! | Barnes | 1BR,1BA | $1,125 |
| River View | 1A | 1BR,1BA | $1,133 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,155 |
| Collins Crossing | b20b | 2BR,2BA | $1,230 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1BA | $1,330 |
Best Value Apartments for Rent in Downtown Carrboro, NC
As of May 28, 2026 the best value apartment in the Downtown Carrboro area is the $1.45 price per square foot Hatteras Model at Carolina - Students save up to 10%! in the in the Triple Crown Estates neighborhood starting from $1,330. The second greatest value Downtown Carrboro apartment is the b20b Model at Collins Crossing starting at $1,230 with a $1.46 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. |
|---|---|---|---|
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.45 |
| Collins Crossing | b20b | 2BR,2BA | $1.46 |
| River View | 1A | 1BR,1BA | $1.72 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $2.08 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $2.14 |
Frequently Asked Questions about Cheap Downtown Carrboro Apartments
What is the price of a cheap apartment in Downtown Carrboro?
The cheapest apartment in Downtown Carrboro is Royal Park - Students save up to 10%! which is listed at $1,125, while the average apartment in Downtown Carrboro costs $4,000.
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 13 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.