529 Hillsborough St
Chapel HillNC27514
Cheap Homes for Rent in Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
500 Umstead Dr
Chapel HillNC27516
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
3 Powell St
Chapel HillNC27516
13 Bolin Heights
Chapel HillNC27514
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Showing Results 1-4, Page 1 of 1
Downtown Chapel Hill, Chapel Hill, NC Local Guide
UNC's wooded campu by Wiki User: Bad thorn is licensed under Internal
How much does it cost to rent a home in Downtown Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Chapel Hill 2 Bedroom Homes for Rent | $1,810 | $1,300 | $2,850 |
| Downtown Chapel Hill 3 Bedroom Homes for Rent | $1,999 | $1,800 | $2,199 |
| Downtown Chapel Hill 4 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent 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.
Explore Chapel Hill
Downtown Chapel Hill, Chapel Hill, NC Local Guide
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Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of May 28, 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 B2 Model at Union Chapel Hill starting at $1,405 with a $1.74 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. |
|---|---|---|---|
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.49 |
| Union Chapel Hill | B2 | 2BR,2BA | $1.74 |
| Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.66 |
| PineGate - Students save up to 10%! | Cypress | 1BR,1BA | $1.91 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $2.18 |
| Estes Park - Students save up to 10%! | Grove at Estes Park | 1BR,1BA | $2.10 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $2.12 |
| University Apartments Chapel Hill | 1 Bedroom One Bathroom - Renovated | 1BR,1BA | $2.75 |
| Link Apartments® Calyx | S1-A | Studio ,1BA | $3.19 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Chapel Hill
What type of rentals are currently available in Downtown Chapel Hill?
There are currently 52 Apartments for Rent in Downtown Chapel Hill, NC with pricing that ranges from $1,135 to $3,468. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chapel Hill ranging from $1,300 to $5,250.
What is the current price range for Rental Homes in Downtown Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Chapel Hill ranges from $1,300 to $5,250 with an average monthly rent of $2,763.
How much are larger Three and Four Bedroom Rentals in Downtown Chapel Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Chapel Hill range from $1,240 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,199. Four Bedroom Single-Family rentals are also available starting from $5,250 and Four Bedroom Apartments start at $1,225.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.