Cheap Apartments for Rent in Chapel Hill, NC from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Chapel Hill.

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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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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

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

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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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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
Showing Results 1-40, Page 1 of 1

Chapel Hill, NC Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 09/12/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $834 to $12,540 with an overall median price of $2,523. The three Chapel Hill neighborhoods with the lowest median rent pricing are Governors Club at $1,595, Southern Village at $949, and Cameron McCauley at $949. 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
Governors Club$1,595$1,5951
Southern Village$1,792$949187
Cameron McCauley$1,862$949305
Greater Chapel Hill$1,965$8341504
Northside$2,019$949321
Meadowmont$2,106$950394
UNC Chapel Hill$2,123$950233
University Place$2,123$950314
Gimghoul Historic District$2,300$950276
Chapel Hill East$2,647$950300

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Carolina Spring Senior Apartments in the Triple Crown Estates neighborhood priced from $849. Crossings @ 501 in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$975
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$988
Nova Chapel HillRedwood1BR,1BA$990
ShadowoodThe Oak1BR,1BA$991
Berkshire 54Lenox2BR,1BA$1,019
Estes ParkGrove at Estes Park1BR,1BA$1,025
Lenox at Patterson PlaceDoverStudio,1BA$1,025
Chateau Apartments - New1x1 Renovated1BR,1BA$1,049
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,070

Best Value Apartments for Rent in Chapel Hill, NC

As of September 12, 2025 the best value apartment in the Chapel Hill area is the $1.50 price per square foot B2 Model at LYV Chapel Hill in the in the Triple Crown Estates neighborhood starting from $1,525. The second greatest value Chapel Hill apartment is the Sycamore Model at Rock Creek Apartments starting at $1,300 with a $1.35 price per square foot in the Lafayette 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.
LYV Chapel HillB22BR,2BA$1.50
Rock Creek ApartmentsSycamore2BR,2BA$1.35
Berkshire 54Cranwell2BR,1BA$1.31
Avana 55TwelveA21BR,1BA$1.27
Collins Crossingb20b2BR,2BA$1.49
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Chateau Apartments - New1x1 Renovated1BR,1BA$1.31
The Bailey ApartmentsA1 - Renovated1BR,1BA$1.46
Poplar PlaceA11BR,1BA$1.50
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1.51

Quick Rent Budget Calculator

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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.

Chapel Hill, NC
Population: 60,988

Ranked #618

in US Census Population by City

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Pet Friendly Lifestyle
Chapel Hill, NC

Ranked #9

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Chapel Hill, NC

School data provided by Great Schools

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

Explore Chapel Hill, NC Rentals by Map

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See the most popular apartments and homes in Chapel Hill, NC

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Getting Around Chapel Hill, NC

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Chapel Hill Apartments

What is a cheap apartment in Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chapel Hill is under $1,070.

What is the price of a cheap apartment in Chapel Hill?

The cheapest apartment in Chapel Hill is Carolina Spring Senior Apartments which is listed at $849, while the average apartment in Chapel Hill costs $2,523.

What types of apartments are the cheapest in Chapel Hill?

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 960 regular apartments in Chapel Hill 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 Chapel Hill?

Cheap apartments in Chapel Hill have an average cost of $471 which is $2,052 cheaper than the average rent for all rentals in Chapel Hill.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.