
Cheap Homes for Rent in the Carolina North Neighborhood of Chapel Hill, NC from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Carolina North area of Chapel Hill.


304 Umstead Dr

Room in Townhome on Philip's Square

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

124 Fidelity St
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.

303 Homestead Rd

500 Umstead Dr

207 Ashley Forest Rd, Unit 207

121 Westview Dr, Unit 50

700 N Greensboro St
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.
Carolina North, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Carolina North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carolina North 2 Bedroom Homes for Rent | $1,834 | $1,200 | $2,700 |
| Carolina North 3 Bedroom Homes for Rent | $2,658 | $1,900 | $3,897 |
| Carolina North 4 Bedroom Homes for Rent | $3,219 | $2,800 | $3,700 |
| Carolina North 5 Bedroom Homes for Rent | $3,997 | $3,700 | $4,295 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Carolina North Neighborhood of Chapel Hill, NC.
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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 $852. 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 | $852 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $925 |
| Berkshire 54 | Cranwell R2 | 2BR,1BA | $949 |
Best Value Apartments for Rent in Carolina North, NC
As of July 21, 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 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.56 |
| 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 | $1.31 |
| Union Chapel Hill | B2 | 2BR,2BA | $1.81 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.16 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| Shadowood | The Oak | 1BR,1BA | $1.60 |
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
Frequently Asked Questions about Carolina North
What type of rentals are currently available in Carolina North?
There are currently 71 Apartments for Rent in Carolina North, NC with pricing that ranges from $967 to $4,699. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carolina North ranging from $550 to $4,295.
What is the current price range for Rental Homes in Carolina North?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Carolina North ranges from $550 to $4,295 with an average monthly rent of $2,547.
How much are larger Three and Four Bedroom Rentals in Carolina North?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Carolina North range from $1,365 to $4,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,897. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,295.
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

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.

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.