close
View Me
Rent Specials
$1,250 - $1,8501 to 3 Bedroom Apartments Available Now
Trinity Court Apartments
751 Trinity CtChapel Hill, NC 27516
Cheap Apartments for Rent in the Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
close
View Me
Rent Specials
$1,500 - $1,7501 Bedroom Apartments Available Now
University Apartments Chapel Hill
600 Martin Luther King Jr BlvdChapel Hill, NC 27514
104 Rose Ln
Chapel HillNC27514
close
View Me
Studio Apartments
Trustee Corner
115 N Merritt Mill RdChapel Hill, NC 27516
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.
500 Umstead Dr
Chapel HillNC27516
close
View Me
2 Bedroom Apartments
612 Hillsborough
612 Hillsborough StChapel Hill, NC 27514
220 Elizabeth St
Chapel HillNC27514
800 Pritchard Ave
Chapel HillNC27516
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.
close
View Me
Rent Specials
$1,060 - $1,5451 to 2 Bedroom Apartments Available Now
Estes Park - Students Save Up To 10%!
306 Estes DrCarrboro, NC 27510
Showing Results 1-9, Page 1 of 1
Downtown Chapel Hill, Chapel Hill, NC Local Guide
How much does it cost to rent an apartment in Downtown Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Chapel Hill 1 Bedroom Apartments | $1,547 | $1,060 | $2,025 |
| Downtown Chapel Hill 2 Bedroom Apartments | $1,536 | $1,170 | $2,500 |
| Downtown Chapel Hill 3 Bedroom Apartments | $1,929 | $1,140 | $8,384 |
| Downtown Chapel Hill 4 Bedroom Apartments | $1,478 | $1,140 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Chapel Hill Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
Let everyone know!
Do you know the Downtown Chapel Hill area?
If you’re an expert on all things Downtown Chapel Hill, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available Downtown Chapel Hill Apartments for Rent
The cheapest available apartment rental in the Downtown Chapel Hill area of Chapel Hill, NC is a 1 Bed unit found at Estes Park - Students Save Up To 10%! priced from $1,060. Trinity Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Downtown Chapel Hill apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,060 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1,250 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of June 18, 2026 the best value apartment in the Downtown Chapel Hill area is the $1.93 price per square foot B2 Model at Union Chapel Hill in the in the Triple Crown Estates neighborhood starting from $1,565. The second greatest value Downtown Chapel Hill apartment is the 104B Hillcrest Ave Model at 104B Hillcrest Ave, Unit Home starting at $2,800 with a $3.62 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Downtown Chapel Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Union Chapel Hill | B2 | 2BR,2BA | $1.93 |
| 104B Hillcrest Ave, Unit Home | 104B Hillcrest Ave | 2BR,1BA | $3.62 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1.96 |
| University Apartments Chapel Hill | 1 Bedroom One Bathroom - Renovated | 1BR,1BA | $3.24 |
Frequently Asked Questions about Cheap Downtown Chapel Hill Apartments
What is the price of a cheap apartment in Downtown Chapel Hill?
The cheapest apartment in Downtown Chapel Hill is Estes Park - Students Save Up To 10%! which is listed at $1,060, while the average apartment in Downtown Chapel Hill costs $4,000.
What types of apartments are the cheapest in Downtown Chapel Hill?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Downtown Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Chapel Hill?
Cheap apartments in Downtown Chapel Hill have an average cost of $1,352 which is $2,648 cheaper than the average rent for all rentals in Downtown Chapel Hill.
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
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.
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.