
Cheap Homes for Rent in 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.


Room in Townhome on Philip's Square

500 Umstead Dr

121 Westview Dr

104 Rose Ln
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.

178 W Braxton Foushee St, Unit A

206 Andrews Ln

107 Todd St

700 N Greensboro St

708 M.L.K. Jr Blvd, Unit E5
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.
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 | $1,824 | $1,250 | $2,800 |
| Carolina North 3 Bedroom Homes for Rent | $2,476 | $1,900 | $3,200 |
| Carolina North 4 Bedroom Homes for Rent | $2,965 | $2,300 | $3,600 |
| Carolina North 5 Bedroom Homes for Rent | $5,040 | $4,500 | $5,580 |
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 2 Beds unit found at Trinity Court Apartments priced from $884. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Carolina North apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Court Apartments | 2x1 | 2BR,1BA | $884 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $949 |
| Shadowood | The Oak | 1BR,1BA | $982 |
Best Value Apartments for Rent in Carolina North, NC
As of June 06, 2026 the best value apartment in the Carolina North area is the $0.63 price per square foot 4 BEDROOM, 4 BATH Model at Chapel Ridge in the in the Triple Crown Estates neighborhood starting from $899. The second greatest value Carolina North apartment is the Lenox R2 Model at Berkshire 54 starting at $1,110 with a $1.07 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. |
|---|---|---|---|
| Chapel Ridge | 4 BEDROOM, 4 BATH | 4BR,4BA | $0.63 |
| Berkshire 54 | Lenox R2 | 2BR,1BA | $1.07 |
| Boho on Bim Street | 2x1 | 2BR,1BA | $1.80 |
| 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 | $1.42 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.19 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.47 |
| Rise Chapel Hill | A1 Classic | 1BR,1BA | $1.63 |
| Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $1.77 |
| Shadowood | The Oak | 1BR,1BA | $1.84 |
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 69 Apartments for Rent in Carolina North, NC with pricing that ranges from $884 to $7,903. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carolina North ranging from $550 to $5,580.
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 $5,580 with an average monthly rent of $2,689.
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 $1,129 to $7,903, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $1,140.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.