
Cheap Homes for Rent in the Downing Creek Neighborhood of Chapel Hill, NC from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downing Creek area of Chapel Hill.

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.

233 Summerwalk Cir
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.

1002 Kingswood Dr, Unit 1002 kingswood dr. F
Downing Creek, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Downing Creek?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downing Creek 2 Bedroom Homes for Rent | $1,719 | $1,500 | $2,145 |
| Downing Creek 3 Bedroom Homes for Rent | $1,769 | $1,739 | $1,800 |
| Downing Creek 4 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downing Creek Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
Best Value Apartments for Rent in Downing Creek, NC
As of July 12, 2026 the best value apartment in the Downing Creek area is the $1.26 price per square foot B1R Model at The Sawyer in the in the Downing Creek neighborhood starting from $1,350. The second greatest value Downing Creek apartment is the The Emerald Model at Sunstone Apartments starting at $1,573 with a $1.89 price per square foot in the Downing Creek neighborhood. Here is today’s list of the best values for Downing Creek apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Sawyer | B1R | 2BR,2BA | $1.26 |
| Sunstone Apartments | The Emerald | 1BR,1BA | $1.89 |
| The Morgan at Chapel Hill | A2 | 1BR,1BA | $2.04 |
| Southpoint Estate Apartments | A1/A2 - The Riley | 1BR,1BA | $1.20 |
| Crosstown at Chapel Hill | 1A Renovation 2 | 1BR,1BA | $1.97 |
| The Apartments at Palladian Place | S1 | Studio ,1BA | $2.06 |
| Lodge at Southpoint | A1 | 1BR,1BA | $1.79 |
| The Hargrove at Southpoint | A1R | 1BR,1BA | $2.00 |
| 810 Greenwood Rd, Unit Mother-in-law apartment | 810 Greenwood Rd | 1BR,1BA | $1.80 |
| Glen Lennox Apartments | 1 Bedroom 1 Bath A | 1BR,1BA | $2.03 |
Frequently Asked Questions about Downing Creek
What type of rentals are currently available in Downing Creek?
There are currently 36 Apartments for Rent in Downing Creek, NC with pricing that ranges from $959 to $4,786. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downing Creek ranging from $1,500 to $3,495.
What is the current price range for Rental Homes in Downing Creek?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downing Creek ranges from $1,500 to $3,495 with an average monthly rent of $2,220.
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

Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC
Written by: Billy K
I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.

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.