Cheap Homes for Rent in Carrboro, NC from $500 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Carrboro.

property at 303 Smith Level Rd

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd

Chapel HillNC27516
property at 303 Smith Level Rd

$735

Total Monthly Price

Total Monthly Price

Base Rent
$735

Total Monthly Price
$735

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd

Chapel HillNC27516

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.

property at 500 Umstead Dr

$1,250 - $1,500

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 104 Friar Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

104 Friar Ln

CarrboroNC27510

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.

property at 114 Bim St

$1,500

2 Bedroom Rentals

Available Jun 10

114 Bim St

CarrboroNC27510

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.

Carrboro, NC Local Guide

Cheapest Neighborhoods for Apartments in Carrboro, NC

Pricing Updated: 05/23/2026

Current apartment rentals in the Carrboro, NC area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Carrboro Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Carrboro$4,000$1,09019

Cheapest Available Carrboro Apartments for Rent

 

The cheapest available apartment rental in Carrboro, NC is a 1 Bed unit found at Carolina Spring Senior Apartments in the Triple Crown Estates neighborhood priced from $849. Trinity Court Apartments in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $884. Here is today’s list of the most affordable Carrboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Trinity Court Apartments2x12BR,1BA$884
Berkshire 54Cranwell R22BR,1BA$949
Chateau ApartmentsOne Bedroom1BR,1BA$949
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958

Best Value Apartments for Rent in Carrboro, NC

As of May 23, 2026 the best value apartment in the Carrboro area is the $1.38 price per square foot 2b/2b Georgetown A Model at Ashbrook Apartments in the in the Triple Crown Estates neighborhood starting from $1,422. The second greatest value Carrboro apartment is the Columbia Model at Laurel Ridge Apartments starting at $1,275 with a $1.39 price per square foot in the Lafayette neighborhood. Here is today’s list of the best values for Carrboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashbrook Apartments2b/2b Georgetown A2BR,2BA$1.38
Laurel Ridge ApartmentsColumbia2BR,1BA$1.39
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Berkshire 54Cranwell R2BR,1BA$1.22
Collins Crossingb20b2BR,2BA$1.46
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.41
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
Trinity at the Hill1B1BR,1BA$1.40
Rise Chapel HillA2 Classic1BR,1BA$1.49
Trinity Court Apartments1x11BR,1BA$1.47

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Carrboro, NC Rentals by Map

View Map
Carrboro, NC Apartments Map
View Map
Carrboro, NC Rental Homes Map

Frequently Asked Questions about Carrboro

What type of rentals are currently available in Carrboro?

There are currently 112 Apartments for Rent in Carrboro, NC with pricing that ranges from $849 to $8,909. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carrboro ranging from $550 to $6,080.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Carrboro ranges from $550 to $6,080 with an average monthly rent of $2,550.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Carrboro range from $1,129 to $8,909, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,845 to $3,400. Four Bedroom Single-Family rentals are also available starting from $665 and Four Bedroom Apartments start at $1,140.

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 Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC article

Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

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.