Cheap Apartments for Rent in the Downtown Carrboro Neighborhood of Carrboro, NC from $700 (34 Rentals)

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

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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River View
Rent Specials
$1,183 - $1,583
Total Monthly Price

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$1,183 - $1,583
Total Monthly Price
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1 to 2 Bedroom Apartments Available Apr 17

River View

201 Westbrook DrCarrboro, NC 27510
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Collins Crossing
Rent Specials
$1,221 - $1,870
Total Monthly Price

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$1,221 - $1,870
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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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Autumn Woods
Rent Specials
$1,270 - $3,164
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$1,270 - $3,164
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1 to 3 Bedroom Apartments Available Now

Autumn Woods

222 Old Fayetteville RdCarrboro, NC 27510
Student Housing
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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.

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Shadowood
Rent Specials
$1,033 - $1,633
Total Monthly Price

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$1,033 - $1,633
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1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Sunstone Apartments
Rent Specials
$1,125 - $1,773
Total Monthly Price

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$1,125 - $1,773
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1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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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 Carolina Spring Senior Apartments priced from $849. Berkshire 54 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Downtown Carrboro apartments for rent in Carrboro, NC:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Berkshire 54Barrington - Renovated1BR,1BA$910
Chateau ApartmentsOne Bedroom1BR,1BA$949
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
ShadowoodThe Oak1BR,1BA$1,033
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1,035
Royal Park - Students save up to 10%!Monarch1BR,1BA$1,045
Trinity at the Hill1A1BR,1BA$1,050
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,055
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,100

Best Value Apartments for Rent in Downtown Carrboro, NC

As of April 12, 2026 the best value apartment in the Downtown Carrboro area is the $0.94 price per square foot C1 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,140. The second greatest value Downtown Carrboro apartment is the Lenox - Renovated Model at Berkshire 54 starting at $1,376 with a $1.32 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.
Shortbread LoftsC13BR,3BA$0.94
Berkshire 54Lenox - Renovated2BR,1BA$1.32
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.42
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Collins Crossingb20b2BR,2BA$1.45
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
Trinity at the Hill1B1BR,1BA$1.40
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio ,1BA$1.67
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1.51

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 Carolina Spring Senior Apartments which is listed at $849, while the average apartment in Downtown Carrboro costs $3,535.

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 131 regular apartments in Downtown Carrboro that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Carrboro?

Cheap apartments in Downtown Carrboro have an average cost of $1,454 which is $2,081 cheaper than the average rent for all rentals in Downtown Carrboro.

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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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.