Cheap Homes for Rent in the Downing Creek Neighborhood of Chapel Hill, NC from $1,500 (3 Rentals)

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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.

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.

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 ListingModel NameBed/BathPrice Per Sq.Ft.
The SawyerB1R2BR,2BA$1.26
Sunstone ApartmentsThe Emerald1BR,1BA$1.89
The Morgan at Chapel HillA21BR,1BA$2.04
Southpoint Estate ApartmentsA1/A2 - The Riley1BR,1BA$1.20
Crosstown at Chapel Hill1A Renovation 21BR,1BA$1.97
The Apartments at Palladian PlaceS1Studio ,1BA$2.06
Lodge at SouthpointA11BR,1BA$1.79
The Hargrove at SouthpointA1R1BR,1BA$2.00
810 Greenwood Rd, Unit Mother-in-law apartment810 Greenwood Rd1BR,1BA$1.80
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,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

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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.

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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.

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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.