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

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

property at 108 Pine St

$550 - $700

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $700

Total Monthly Price
$550 - $700

1 Bedroom, 1 Bath Home for Rent

Available Soon

108 Pine St

CarrboroNC27510
property at 304 Umstead Dr

$695 - $1,050

Total Monthly Price

Total Monthly Price

Base Rent
$695 - $1,050

Total Monthly Price
$695 - $1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

304 Umstead Dr

Chapel HillNC27516

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.

property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 207 Ashley Forest Rd

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 8

207 Ashley Forest Rd, Unit 207

207 Ashley Forest Rd
Chapel HillNC27514
property at 121 Westview Dr

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

121 Westview Dr, Unit 50

121 Westview Dr
CarrboroNC27510

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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

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 ListingModel NameBed/BathPriced From
ShadowoodThe Oak1BR,1BA$852
Chateau ApartmentsOne Bedroom1BR,1BA$925
Berkshire 54Cranwell R22BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsD24BR,4BA$1.08
Boho on Bim Street4x24BR,2BA$1.94
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.56
Berkshire 54Lenox - Renovated2BR,1BA$1.32
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.31
Union Chapel HillB22BR,2BA$1.81
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Trinity Court Apartments1x11BR,1BA$1.67
ShadowoodThe Oak1BR,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.

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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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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.