Cheap Homes for Rent in Downtown Carrboro Neighborhood of Carrboro, NC from $1,500 (3 Rentals)

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Search the lowest-cost Homes 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.

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.

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 Downtown Carrboro

What type of rentals are currently available in Downtown Carrboro?

There are currently 54 Apartments for Rent in Downtown Carrboro, NC with pricing that ranges from $768 to $7,236. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carrboro ranging from $1,500 to $2,700.

What is the current price range for Rental Homes in Downtown Carrboro?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Carrboro ranges from $1,500 to $2,700 with an average monthly rent of $2,129.

How much are larger Three and Four Bedroom Rentals in Downtown Carrboro?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Carrboro range from $1,110 to $7,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,475 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,095.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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

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.