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

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Search the lowest-cost Apartments available for rent right now in the Downtown Carrboro area of Carrboro.

property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510
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River View
Rent Specials
$1,133 - $1,583
Total Monthly Price

Total Monthly Price

Base Rent
$1,133 - $1,583

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

River View

201 Westbrook DrCarrboro, NC 27510
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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.

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Collins Crossing
Rent Specials
$1,230 - $1,391
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Total Monthly Price

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$1,230 - $1,391

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2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

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 ListingModel NameBed/BathPriced From
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,125
River View1A1BR,1BA$1,133
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,155
Collins Crossingb20b2BR,2BA$1,230
Carolina - Students save up to 10%!Hatteras2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Collins Crossingb20b2BR,2BA$1.46
River View1A1BR,1BA$1.72
Royal Park - Students save up to 10%!Barnes1BR,1BA$2.08
Ridgewood - Students save up to 10%!Melrose1BR,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

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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.

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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.

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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.

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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.