Cheap Apartments for Rent in the Carolina North Neighborhood of Chapel Hill, NC from $775 (30 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
$1,087 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,087 - $1,749

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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

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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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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Rise Chapel Hill
1 to 2 Bedroom Apartments

Rise Chapel Hill

200 Westminster DrChapel Hill, NC 27514
Student Housing
property at 500 Umstead Dr

$1,250 - $1,325

2 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

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.

property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510

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.

property at 137 Oak St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Sep 16

137 Oak St, Unit 137 Oak St.

137 Oak St
CarrboroNC27510
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400 Davie Rd, Unit 31
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500
2 Bedroom Apartment Available Nov 1

400 Davie Rd, Unit 31

400 Davie RdCarrboro, NC 27510
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Berkshire 54
1 to 2 Bedroom Apartments

Berkshire 54

112 Hwy 54 BypassCarrboro, NC 27510

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.

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 Berkshire 54 priced from $910. West End Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,028. Here are the most affordable Carolina North apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Berkshire 54Barrington R21BR,1BA$910
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1,028
Chateau ApartmentsOne Bedroom1BR,1BA$1,049
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,075
ShadowoodThe Oak1BR,1BA$1,087
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,160
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1,181
Chapel ViewThe Franklin1BR,1BA$1,183
Rise Chapel HillA1 Classic1BR,1BA$1,270
Chapel Ridge1 BEDROOM, 1 BATH1BR,1BA$1,299

Best Value Apartments for Rent in Carolina North, NC

As of August 30, 2026 the best value apartment in the Carolina North area is the $1.30 price per square foot 7BR/3.0BA Model at 503 N. Greensboro in the in the Triple Crown Estates neighborhood starting from $2,600. The second greatest value Carolina North apartment is the 502 Whitaker Street Model at 502 Whitaker Street, Unit B starting at $1,675 with a $1.12 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.
503 N. Greensboro7BR/3.0BA7BR,3BA$1.30
502 Whitaker Street, Unit B502 Whitaker Street3BR,1BA$1.12
Trinity Court Apartments3x23BR,2BA$1.55
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.51
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1.28
Berkshire 54Barington1BR,1BA$1.24
Chateau ApartmentsOne Bedroom1BR,1BA$1.31
Solano at Chapel HillA21BR,1BA$1.85
Rise Chapel HillA1 Classic1BR,1BA$1.81
Chapel ViewThe Franklin1BR,1BA$1.70

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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How much rent can you afford?

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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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 Berkshire 54 which is listed at $910, while the average apartment in Carolina North costs $1,938.

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 63 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 $429 which is $1,509 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.

Articles, How-To's, and Tips

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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.