Cheap Apartments for Rent in the Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $700 (14 Rentals)

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Cheap Apartments in the Downtown Chapel Hill area of Chapel Hill.

property at 407 N Columbia St

407 N Columbia St

Chapel HillNC27516

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

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Downtown Chapel Hill, Chapel Hill, NC Local Guide

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 $1,125. Royal Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,135. Here are the most affordable Downtown Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$1,125
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,135
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,150
Link Apartments® CalyxS1Studio,1BA$1,189
PineGate - Students save up to 10%!Cypress1BR,1BA$1,240

Best Value Apartments for Rent in Downtown Chapel Hill, NC

As of May 03, 2025 the best value apartment in the Downtown Chapel Hill area is the $1.49 price per square foot Hatteras Model at Carolina - Students save up to 10%! in the in the Triple Crown Estates neighborhood starting from $1,370. The second greatest value Downtown Chapel Hill apartment is the B3 Model at Union Chapel Hill starting at $1,415 with a $1.73 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
Union Chapel HillB32BR,2BA$1.73
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.66
PineGate - Students save up to 10%!Cypress1BR,1BA$1.91
319 Burlage Cir, Unit 319 Burlage Circle319 Burlage Cir1BR,1BA$3.00
Ridgewood - Students save up to 10%!Melrose1BR,1BA$2.13
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$2.08
Royal Park - Students save up to 10%!Barnes1BR,1BA$2.10
University Apartments Chapel Hill1 Bedroom One Bathroom - Renovated1BR,1BA$2.85
Link Apartments® CalyxS1Studio ,1BA$2.91

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Pet Friendly Lifestyle
Downtown Chapel Hill, Chapel Hill, NC

Ranked #18

Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Chapel Hill Neighborhood in Chapel Hill, NC

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

59 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Downtown Chapel Hill Apartments

What is a cheap apartment in Downtown Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Chapel Hill is under $1,370.

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 $1,125, while the average apartment in Downtown Chapel Hill costs $1,470.

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 46 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

Helpful Apartment Articles, How-To's and Tips

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.

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Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.