
Cheap Homes for Rent in the Downtown Carrboro Neighborhood of Carrboro, NC from $500 (2 Rentals)
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.

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.
Downtown Carrboro, Carrboro, NC Local Guide

How much does it cost to rent a home in Downtown Carrboro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Carrboro 2 Bedroom Homes for Rent | $1,912 | $1,595 | $2,800 |
| Downtown Carrboro 3 Bedroom Homes for Rent | $2,149 | $1,695 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Carrboro Neighborhood of Carrboro, NC.
Explore Carrboro
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 Downtown Carrboro
What type of rentals are currently available in Downtown Carrboro?
There are currently 31 Apartments for Rent in Downtown Carrboro, NC with pricing that ranges from $1,090 to $7,895. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Carrboro ranging from $550 to $2,900.
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 $550 to $2,900 with an average monthly rent of $1,603.
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.