Cheap Apartments for Rent in the Carolina North Neighborhood of Chapel Hill, NC from $700 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Carolina North area of Chapel Hill.

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Shadowood
Rent Specials
$815 - $2,122
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $2,122

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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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
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Aura Booth Park
Rent Specials
$1,603 - $4,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,603 - $4,699

Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Aura Booth Park

1000 Martin Luther King Jr BlvdChapel Hill, NC 27514
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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.

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502 Whitaker Street, Unit B
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700
3 Bedroom Apartment Available Aug 14

502 Whitaker Street, Unit B

502 Whitaker StreetChapel Hill, NC 27516
Cost Per Sq.Ft.
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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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Rise Chapel Hill
1 to 2 Bedroom Apartments

Rise Chapel Hill

200 Westminster DrChapel Hill, NC 27514
Student Housing
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included

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.

property at 108 Pine St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St

CarrboroNC27510

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.

property at 121 Westview Dr

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

121 Westview Dr, Unit 50

121 Westview Dr
CarrboroNC27510
property at 605 W Main St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

605 W Main St

CarrboroNC27510
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Berkshire 54
1 to 2 Bedroom Apartments

Berkshire 54

112 Hwy 54 BypassCarrboro, NC 27510

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.

property at 400 Davie Rd

$1,650

2 Bedroom Rentals

Available Now

400 Davie Rd

CarrboroNC27510

Carolina North, Chapel Hill, NC Local Guide

Cheapest Available Carolina North Apartments for Rent

 

The cheapest available apartment rental in the Carolina North area of Chapel Hill, NC is a 1 Bed unit found at Shadowood priced from $815. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Carolina North apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
ShadowoodThe Oak1BR,1BA$815
Chateau ApartmentsOne Bedroom1BR,1BA$925
Berkshire 54Cranwell R22BR,1BA$949
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1,044
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,085
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1,181
Trinity Court Apartments1x11BR,1BA$1,250
Chapel Ridge1 BEDROOM, 1 BATH1BR,1BA$1,299
University Apartments Chapel HillOne Bedroom One Bathroom1BR,1BA$1,395
Solano at Chapel HillA21BR,1BA$1,430

Best Value Apartments for Rent in Carolina North, NC

As of July 16, 2026 the best value apartment in the Carolina North area is the $1.08 price per square foot D2 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,575. The second greatest value Carolina North apartment is the 4x2 Model at Boho on Bim Street starting at $2,330 with a $1.94 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Carolina North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsD24BR,4BA$1.08
Boho on Bim Street4x24BR,2BA$1.94
Berkshire 54Lenox - Renovated2BR,1BA$1.32
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.30
Union Chapel HillB22BR,2BA$1.81
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Trinity Court Apartments1x11BR,1BA$1.67
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$2.01
ShadowoodThe Oak1BR,1BA$1.53

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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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across North Carolina and customized analysis for Central Chapel Hill. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Carolina North Apartments

What is the price of a cheap apartment in Carolina North?

The cheapest apartment in Carolina North is Shadowood which is listed at $815, while the average apartment in Carolina North costs $3,859.

What types of apartments are the cheapest in Carolina North?

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 41 regular apartments in Carolina North 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 Carolina North?

Cheap apartments in Carolina North have an average cost of $455 which is $3,404 cheaper than the average rent for all rentals in Carolina North.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

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