
Cheap Apartments for Rent in the Carolina North Neighborhood of Chapel Hill, NC from $700 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Carolina North area of Chapel Hill.


Total Monthly Price
Shadowood

Room in Condo on M.L.K. Jr Blvd

Trinity Court Apartments

212 Barclay Rd

University Apartments Chapel Hill

1701 North

207 Ashley Forest Rd, Unit 207

Total Monthly Price
Aura Booth Park
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.

Total Monthly Price
502 Whitaker Street, Unit B

Trustee Corner

Landings at Winmore Apartments

Timber Hollow

Rise Chapel Hill

303 Homestead Rd

Chapel View

500 Umstead Dr

612 Hillsborough
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.

222 Ransom St

800 Pritchard Ave

108 Pine St

Chateau Apartments

West End Flats

Estes Park - Students Save Up To 10%!

1205 N Greensboro St

Ridgewood - Students save up to 10%!

Carolina Spring Senior Apartments
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.

112 Bim St

109 W Poplar Ave

121 Westview Dr, Unit 50

202 W Poplar Ave

114 Bim St

605 W Main St

Berkshire 54

124 Fidelity St

The Wilson Apartments
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.

506 N Greensboro St

400 Davie Rd
Carolina North, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Carolina North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carolina North 1 Bedroom Apartments | $1,758 | $951 | $2,399 |
| Carolina North 2 Bedroom Apartments | $2,179 | $1,063 | $3,124 |
| Carolina North 3 Bedroom Apartments | $3,532 | $1,365 | $8,191 |
| Carolina North 4 Bedroom Apartments | $1,876 | $1,295 | $3,829 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Carolina North Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
Carolina North, Chapel Hill, NC Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $815 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $925 |
| Berkshire 54 | Cranwell R2 | 2BR,1BA | $949 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,044 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,085 |
| Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $1,181 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1,250 |
| Chapel Ridge | 1 BEDROOM, 1 BATH | 1BR,1BA | $1,299 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $1,395 |
| Solano at Chapel Hill | A2 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shortbread Lofts | D2 | 4BR,4BA | $1.08 |
| Boho on Bim Street | 4x2 | 4BR,2BA | $1.94 |
| Berkshire 54 | Lenox - Renovated | 2BR,1BA | $1.32 |
| The Wilson Apartments | Inviting 3 Bedroom Apartment in the Heart of Ca... | 3BR,1BA | $1.72 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.30 |
| Union Chapel Hill | B2 | 2BR,2BA | $1.81 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.16 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $2.01 |
| Shadowood | The Oak | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Carolina North, Chapel Hill, NC
Chapel Hill High
School data provided by Great Schools
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.
Articles, How-To's, and Tips

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.