Cheap Homes for Rent in Carolina North Neighborhood of Chapel Hill, NC from $500 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

property at 708 M.L.K. Jr Blvd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 2 Bath Condo for Rent

Available Now

708 M.L.K. Jr Blvd, Unit E5

708 M.L.K. Jr Blvd
Chapel HillNC27514

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

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 ListingModel NameBed/BathPriced From
Trinity Court Apartments2x12BR,1BA$884
Chateau ApartmentsOne Bedroom1BR,1BA$949
ShadowoodThe Oak1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Chapel Ridge4 BEDROOM, 4 BATH4BR,4BA$0.63
Berkshire 54Lenox R22BR,1BA$1.07
Boho on Bim Street2x12BR,1BA$1.80
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.42
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
Trinity Court Apartments1x11BR,1BA$1.47
Rise Chapel HillA1 Classic1BR,1BA$1.63
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1.77
ShadowoodThe Oak1BR,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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.