Cheap Apartments for Rent in Chapel Hill, NC from $400 (109 Rentals)

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

property at 303 Smith Level Rd

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516
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Sunstone Apartments
Rent Specials
$931 - $1,717
Total Monthly Price

Total Monthly Price

Base Rent
$931 - $1,717

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Varies
1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
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  • Customer Reviewed
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Shadowood
$1,109 - $1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,109 - $1,900

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
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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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Notting Hill
Rent Specials
$1,248 - $4,103
Total Monthly Price

Total Monthly Price

Base Rent
$1,248 - $4,103

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1 to 3 Bedroom Apartments Available Now

Notting Hill

100 Drew Hill LnChapel Hill, NC 27514
Student Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Hartley at Blue Hill
Rent Specials
$1,389 - $4,094
Total Monthly Price

Total Monthly Price

Base Rent
$1,389 - $4,094

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Varies
Studio to 3 Bedroom Apartments Available Now

The Hartley at Blue Hill

625 S Elliott RdChapel Hill, NC 27517
Student Housing
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property at 207 Ashley Forest Rd

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 8

207 Ashley Forest Rd, Unit 207

207 Ashley Forest Rd
Chapel HillNC27514

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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900 Willow
Rent Specials
$1,500 - $4,246
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $4,246

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Studio to 2 Bedroom Apartments Available Now

900 Willow

900 Willow DrChapel Hill, NC 27514
Student Housing
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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Timber Hollow
1 to 2 Bedroom Apartments

Timber Hollow

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

Rise Chapel Hill

200 Westminster DrChapel Hill, NC 27514
Student Housing
property at 1002 Willow Dr

$1,200 - $1,600

1 To 2 Bedroom Rentals

Available Now

1002 Willow Dr

Chapel HillNC27514
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516

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.

Chapel Hill, NC Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 08/02/2026

Current apartment rentals in the Chapel Hill, NC area range in price from $800 to $15,896 with an overall median price of $1,737. The three Chapel Hill neighborhoods with the lowest median rent pricing are Downtown Chapel Hill at $1,395, Southern Village at $1,411, and UNC Chapel Hill at $1,465. 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$1,395$1,06020
Southern Village$1,411$950104
UNC Chapel Hill$1,465$800107
Greater Chapel Hill$1,603$8001473
Northside$1,745$931521
University Place$1,774$931524
Cameron McCauley$1,787$931521
Estes$1,796$800496
Gimghoul Historic District$1,796$931509
Meadowmont$1,798$800555

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 Apartments in the Downtown Durham neighborhood priced from $900. Berkshire 54 in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crossings @ 501 ApartmentsCreekview Classic - Call for Availability1BR,1BA$900
Berkshire 54Barrington R21BR,1BA$910
Chateau ApartmentsOne Bedroom1BR,1BA$925
Sunstone ApartmentsThe Opal1BR,1BA$931
Link Apartments® CalyxS1-AStudio,1BA$950
The Villages of Chapel HillThe Westchester - Two Bedroom Townhome2BR,1BA$1,050
Trinity at the Hill1A1BR,1BA$1,050
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1,059
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,060
The Bailey ApartmentsA11BR,1BA$1,068

Best Value Apartments for Rent in Chapel Hill, NC

As of August 03, 2026 the best value apartment in the Chapel Hill area is the $1.33 price per square foot Chaucer Model at Notting Hill in the in the South Durham neighborhood starting from $1,776. The second greatest value Chapel Hill apartment is the Kenan Model at Laurel Ridge Apartments starting at $1,755 with a $1.39 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.
Notting HillChaucer3BR,2BA$1.33
Laurel Ridge ApartmentsKenan3BR,2BA$1.39
Cosgrove HillB22BR,2BA$1.43
J501 EstatesBarcelona2BR,2BA$1.42
Glenbrook East and WestThe Eno GWII 10252BR,2BA$1.43
Collins Crossingb20b2BR,2BA$1.47
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.31
Berkshire 54Barington1BR,1BA$1.33
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Trinity at the Hill1B1BR,1BA$1.40

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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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.

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

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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 $1,068.

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

The cheapest apartment in Chapel Hill is Crossings @ 501 Apartments which is listed at $900, while the average apartment in Chapel Hill costs $1,737.

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 2,315 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 $831 which is $906 cheaper than the average rent for all rentals in Chapel Hill.

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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Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.