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$1,728 - $7,236Studio to 4 Bedroom Apartments Available Jun 2
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 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
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Rent Specials
$1,450 - $1,7001 Bedroom Apartments Available Now
University Apartments Chapel Hill
600 Martin Luther King Jr BlvdChapel Hill, NC 27514
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.
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1 Bedroom Apartments
408 Hillsborough St
408 Hillsborough StChapel Hill, NC 27514
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Rent Specials
$1,085 - $1,5451 to 2 Bedroom Apartments Available Now
Estes Park - Students Save Up To 10%!
306 Estes DrCarrboro, NC 27510
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 Studio Apartments | $2,503 | $1,728 | $3,278 |
| Downtown Chapel Hill 1 Bedroom Apartments | $1,866 | $1,060 | $3,688 |
| Downtown Chapel Hill 2 Bedroom Apartments | $2,337 | $1,125 | $4,868 |
| Downtown Chapel Hill 3 Bedroom Apartments | $2,865 | $1,110 | $6,377 |
| Downtown Chapel Hill 4 Bedroom Apartments | $2,145 | $1,095 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Chapel Hill Neighborhood of Chapel Hill, NC.
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Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of February 01, 2026 the best value apartment in the Downtown Chapel Hill area is the $0.94 price per square foot C1 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,140. The second greatest value Downtown Chapel Hill apartment is the B2 Model at Union Chapel Hill starting at $1,565 with a $1.93 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. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Union Chapel Hill | B2 | 2BR,2BA | $1.93 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $2.01 |
| University Apartments Chapel Hill | 1 Bedroom One Bathroom - Renovated | 1BR,1BA | $3.14 |
Frequently Asked Questions about Cheap Downtown Chapel Hill Apartments
How much is rent for a Cheap One Bedroom Downtown Chapel Hill Apartment?
The lowest price for a Cheap One Bedroom Downtown Chapel Hill Apartment is $1,085 at Estes Park - Students Save Up To 10%!.
What is the lowest price for a Cheap Two Bedroom Downtown Chapel Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Chapel Hill is starting from $1,125 at Estes Park - Students Save Up To 10%!.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.