Cheap Apartments for Rent in Chapel Hill, NC from $650 (122 Rentals)

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

property at 303 Smith Level Rd
$625

Total Monthly Price

Base Rent$625

Total Monthly Price$625
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

303 Smith Level Rd

Chapel HillNC27516
  • Smoke Free
property at 303 Smith Level Rd
$800

Total Monthly Price

Base Rent$800

Total Monthly Price$800
1 Bedroom, 1 Bath Condo for Rent
Available Jul 1, 2027
Furnished

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516
  • Smoke Free
property at 104 Bay Colony Ct
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
2 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

104 Bay Colony Ct

Chapel HillNC27517

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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Sunstone Apartments
Rent Specials
$1,072 - $1,856

Total Monthly Price

Base Rent$1,072 - $1,856

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Shadowood
Rent Specials
$1,099 - $1,608

Total Monthly Price

Base Rent$1,099 - $1,608

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 1521 Partridgeberry Rd
$1,250 - $1,275

Total Monthly Price

Base Rent$1,250 - $1,275

Total Monthly Price$1,250 - $1,275
2 Bedroom, 1 Bath Home for Rent
Available Oct 1
Affordability

1521 Partridgeberry Rd

Chapel HillNC27516
property at 207 Ashley Forest Rd
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
2 Bedroom, 1.5 Bath Condo for Rent
Available Now
Furnished

207 Ashley Forest Rd, Unit 207

207 Ashley Forest Rd
Chapel HillNC27514
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Overture Chapel Hill
Rent Specials
$1,370 - $3,704

Total Monthly Price

Base Rent$1,370 - $3,704

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Overture Chapel Hill

5910 Farrington RdChapel Hill, NC 27517
Senior Living
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Hartley at Blue Hill
Rent Specials
$1,412 - $4,137

Total Monthly Price

Base Rent$1,412 - $4,137

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Hartley at Blue Hill

625 S Elliott RdChapel Hill, NC 27517
Student Housing
  • Verified
  • Customer Reviewed
  • Smoke Free

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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900 Willow
Rent Specials
$1,500 - $4,049

Total Monthly Price

Base Rent$1,500 - $4,049

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

900 Willow

900 Willow DrChapel Hill, NC 27514
Student Housing
  • Verified
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  • Smoke Free
property at 2214 Daley Rd
$1,500 - $1,700
2 Bedroom Rentals
Available Now

2214 Daley Rd

Chapel HillNC27514
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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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The Ramsey
1 to 4 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing
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Timber Hollow
1 to 2 Bedroom Apartments

Timber Hollow

101 Timber Hollow CtChapel Hill, NC 27514

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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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 09/17/2026

Current apartment rentals in the Chapel Hill, NC area range in price from $650 to $14,512 with an overall median price of $1,737. The three Chapel Hill neighborhoods with the lowest median rent pricing are Southern Village at $1,395, Downtown Chapel Hill at $1,407, 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
Southern Village$1,395$950138
Downtown Chapel Hill$1,407$99523
UNC Chapel Hill$1,465$800146
Greater Chapel Hill$1,599$6501675
University Place$1,755$650610
Northside$1,758$650574
Gimghoul Historic District$1,793$650563
Cameron McCauley$1,794$950573
Meadowmont$1,808$650614
Chapel Hill East$1,811$650611

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
The Ramsey1BR/1.0BA1BR, 1BA$950
Link Apartments® CalyxS1Studio, 1BA$950
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio, 1BA$958
Glenbrook East and WestThe Brightleaf GW 7001BR, 1BA$977
Nova Chapel HillRedwood1BR, 1BA$980
Poplar PlaceA11BR, 1BA$997
West End Flats2 Bedroom, 1 Bathroom2BR, 1BA$1,013
Dobbins Hill Apartment HomesOne Bed, One Bath1BR, 1BA$1,019

Best Value Apartments for Rent in Chapel Hill, NC

As of September 17, 2026 the best value apartment in the Chapel Hill area is the $1.30 price per square foot 7BR/3.0BA Model at 503 N. Greensboro in the Triple Crown Estates neighborhood starting from $2,600. The second greatest value Chapel Hill apartment is the 1BR/1.0BA Model at The Ramsey in the Govenors Village neighborhood starting at $950 with a $0.60 price per square foot. 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.
503 N. Greensboro7BR/3.0BA7BR, 3BA$1.30
The Ramsey1BR/1.0BA1BR, 1BA$0.60
502 Whitaker Street, Unit B502 Whitaker Street3BR, 1BA$1.10
J501 EstatesBarcelona2BR, 2BA$1.39
Poplar PlaceB12BR, 1BA$1.32
Carolina - Students save up to 10%!Hatteras2BR, 1.5BA$1.42
West End Flats2 Bedroom, 2 Bathroom2BR, 2BA$1.27
Berkshire 54Barington1BR, 1BA$1.24
Laurel Ridge ApartmentsLaurel1BR, 1BA$1.41
Chateau ApartmentsOne Bedroom1BR, 1BA$1.31

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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Navigating the Rental Market: Tips for First-Time Renters

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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!

Explore Chapel Hill, NC Rentals by Map

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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 $1,019.

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 2,917 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 $808 which is $929 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.

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