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Contact Us For PricingStudio to 4 Bedroom Apartments Contact Us For Availability
Carolina Square
123 W Franklin StChapel Hill, NC 27516
Cheap Apartments for Rent in the Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
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$1,395 - $1,6201 Bedroom Apartments Available Now
University Apartments Chapel Hill
600 Martin Luther King Jr BlvdChapel Hill, NC 27514
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.
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$1,700
Total Monthly Price
3 Bedroom Apartment Available Aug 14Total Monthly Price
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$1,700
Total Monthly Price
$1,700
502 Whitaker Street, Unit B
502 Whitaker StreetChapel Hill, NC 27516
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1 Bedroom Apartments
408 Hillsborough St
408 Hillsborough StChapel Hill, NC 27514
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.
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$1,150 - $1,5201 to 2 Bedroom Apartments Available Now
Estes Park - Students Save Up To 10%!
306 Estes DrCarrboro, NC 27510
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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 | $1,472 | $1,150 | $2,040 |
| Downtown Chapel Hill 2 Bedroom Apartments | $1,443 | $1,230 | $1,580 |
| Downtown Chapel Hill 3 Bedroom Apartments | $2,322 | $1,395 | $6,826 |
| Downtown Chapel Hill 4 Bedroom Apartments | $1,335 | $1,310 | $1,355 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Chapel Hill Neighborhood of Chapel Hill, NC.
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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 $1,150. 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 | $1,150 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1,250 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of August 03, 2026 the best value apartment in the Downtown Chapel Hill area is the $1.56 price per square foot 2 Beds, 1.5 Baths Model at Cedar Court in the in the Triple Crown Estates neighborhood starting from $1,650. The second greatest value Downtown Chapel Hill apartment is the 1x1 Model at Trinity Court Apartments starting at $1,250 with a $1.67 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. |
|---|---|---|---|
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.56 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $2.13 |
| University Apartments Chapel Hill | 1 Bedroom One Bathroom - Renovated | 1BR,1BA | $3.04 |
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 $1,150, while the average apartment in Downtown Chapel Hill costs $1,395.
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 12 regular apartments in Downtown Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.