Cheap Apartments for Rent in Chapel Hill, NC from $400 (70 Rentals)

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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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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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Durham's Best Affordable Neighborhoods

Learn about Durham and the best places to live with original content written by Local Expert Billy K

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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Timber Hollow
1 to 2 Bedroom Apartments

Timber Hollow

101 Timber Hollow CtChapel Hill, NC 27514
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Chapel Hill, NC Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 02/01/2026

Current apartment rentals in the Chapel Hill, NC area range in price from $575 to $6,750 with an overall median price of $3,935. The three Chapel Hill neighborhoods with the lowest median rent pricing are Meadowmont at $1,600, Northside at $1,050, and Southern Village at $1,700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chapel Hill Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Meadowmont$1,650$1,6003
Northside$2,400$1,0501
Southern Village$3,149$1,7005
Governors Club$3,399$8905
Downtown Chapel Hill$3,447$8008
Chapel Hill East$3,475$80023
University Place$3,475$1,2006
Cameron McCauley$3,900$1,0502
Chapel Hill North$3,950$1,0008
Greater Chapel Hill$4,712$575137

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Crossings @ 501 in the Downtown Durham neighborhood priced from $900. West End Flats in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $939. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$939
Glenbrook East and WestThe Brightleaf GWII 5351BR,1BA$943
Berkshire 54Cranwell R22BR,1BA$949
Chateau ApartmentsOne Bedroom One Bath Garden1BR,1BA$949
ShadowoodThe Oak1BR,1BA$963
Poplar PlaceA11BR,1BA$970
MAA Patterson11B1BR,1BA$993
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio,1BA$993
Lenox at Patterson PlaceDoverStudio,1BA$999

Best Value Apartments for Rent in Chapel Hill, NC

As of February 01, 2026 the best value apartment in the Chapel Hill 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 Chapel Hill apartment is the C3A Model at Haven at Patterson Place starting at $1,650 with a $1.45 price per square foot in the Downtown Durham neighborhood. Here is today’s list of the best values for Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsC13BR,3BA$0.94
Haven at Patterson PlaceC3A3BR,3BA$1.45
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
115 Wild Primrose Ln, Unit 115 Wild Primrose Lane115 Wild Primrose Ln2BR,2BA$1.44
Poplar PlaceB12BR,1BA$1.38
Collins Crossingb20b2BR,2BA$1.43
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1.31
Chateau Apartments1x1 Renovated1BR,1BA$1.31
Trinity at the Hill1B1BR,1BA$1.40
The Bailey ApartmentsA1 - Renovated1BR,1BA$1.44

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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Chapel Hill Overview

Chapel Hill is the 16th-largest city in the state of North Carolina, with a population of over a half-million residents. It is one of the three cities that make up the Research Triangle, Durham and Raleigh are the other two cities. In 1959 the three cities were named the Research Triangle Park because of the park between Durham and Raleigh.

Why live in Chapel Hill, NC?

Chapel Hill has one of the lowest unemployment rates in the country and it is staying steady, because of the jobs related to the Research Triangle. Although it is a college town, it is filled with elegant small shops and restaurants, beautiful parks, and provides an upscale feel to its surroundings. Because Chapel Hill is surrounded by mountains, residents will experience a milder summer heat and cooler winter days. But the residential areas are settled on large woodsy lots which makes residents feel like they are living at a luxury resort.

Best Local Schools in
Chapel Hill, NC

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

Explore Chapel Hill, NC Rentals by Map

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Frequently Asked Questions about Cheap Chapel Hill Apartments

What is the Cheapest Studio apartment in Chapel Hill?

Currently the most affordable Cheap Studio Apartment in Chapel Hill is at The Villages of Chapel Hill listed at $993.

How much is rent for a Cheap One Bedroom Chapel Hill Apartment?

The lowest price for a Cheap One Bedroom Chapel Hill Apartment is $900 at Crossings @ 501.

What is the lowest price for a Cheap Two Bedroom Chapel Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chapel Hill is starting from $939 at West End Flats.

What is the most affordable Chapel Hill Three Bedroom Apartment?

The best deal on a cheap Chapel Hill Three Bedroom Apartment rental is at Crossings @ 501 and starts from $1,400.

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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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.