Cheap Apartments for Rent in Chapel Hill, NC from $400 (54 Rentals)

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

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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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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: 07/28/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $834 to $12,360 with an overall median price of $1,951. The three Chapel Hill neighborhoods with the lowest median rent pricing are Downtown Chapel Hill at $995, Carolina North at $949, and Governors Club at $1,595. 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
Downtown Chapel Hill$1,490$99518
Carolina North$1,565$94957
Governors Club$1,595$1,5951
Southern Village$1,661$94989
Cameron McCauley$1,829$949207
Greater Chapel Hill$1,873$8341133
Northside$1,945$949212
Estes$2,019$995167
UNC Chapel Hill$2,041$958162
University Place$2,041$935215

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Nova Chapel Hill in the South Durham neighborhood priced from $935. Shadowood in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $942. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Nova Chapel HillRedwood1BR,1BA$935
ShadowoodThe Oak1BR,1BA$942
Chateau Apartments - NewOne Bedroom One Bath Garden1BR,1BA$949
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillS1Studio,1BA$958
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$995
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$999
Glenbrook East and WestThe Brightleaf GWII 5351BR,1BA$1,013
Lenox at Patterson PlaceDoverStudio,1BA$1,025
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1,044

Best Value Apartments for Rent in Chapel Hill, NC

As of July 28, 2025 the best value apartment in the Chapel Hill area is the $1.46 price per square foot A1 Model at The Apartments at Midtown 501 in the in the Sayward Drive neighborhood starting from $1,350. The second greatest value Chapel Hill apartment is the Columbia Model at Laurel Ridge Apartments starting at $1,240 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.
The Apartments at Midtown 501A11BR,1BA$1.46
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
Avana 55TwelveA21BR,1BA$1.44
Collins Crossingb20b2BR,2BA$1.53
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.27
Crosstown at Chapel Hill1C1BR,1BA$1.54
Berkshire 54Barrington - Renovated1BR,1BA$1.44
Chateau Apartments - New1x1 Renovated1BR,1BA$1.31
The Bailey ApartmentsA1 - Renovated1BR,1BA$1.52

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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 $1,044.

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

The cheapest apartment in Chapel Hill is Nova Chapel Hill which is listed at $935, while the average apartment in Chapel Hill costs $1,951.

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 724 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 $705 which is $1,246 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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