Room in House on Hillsborough St
514 Hillsborough St
Chapel HillNC27514
Cheap Homes for Rent in the Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $730 (7 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
222 Ransom St
Chapel HillNC27516
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.
875 M.L.K. Jr Blvd
Chapel HillNC27514
506 N Greensboro St
CarrboroNC27510
529 Hillsborough St
Chapel HillNC27514
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.
220 Elizabeth St
Chapel HillNC27514
Showing Results 1-7, Page 1 of 1
Downtown Chapel Hill, Chapel Hill, NC Local Guide
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 | $1,881 | $1,325 | $2,600 |
| Downtown Chapel Hill 3 Bedroom Homes for Rent | $3,308 | $2,000 | $5,200 |
| Downtown Chapel Hill 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $1,075. University Apartments Chapel Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. 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 | $1,075 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $1,395 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1BA | $1,595 |
Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of September 05, 2026 the best value apartment in the Downtown Chapel Hill area is the $1.10 price per square foot 502 Whitaker Street Model at 502 Whitaker Street, Unit B in the in the Triple Crown Estates neighborhood starting from $1,650. The second greatest value Downtown Chapel Hill apartment is the 3x2 Model at Trinity Court Apartments starting at $1,850 with a $1.55 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. |
|---|---|---|---|
| 502 Whitaker Street, Unit B | 502 Whitaker Street | 3BR,1BA | $1.10 |
| Trinity Court Apartments | 3x2 | 3BR,2BA | $1.55 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.51 |
| Union Chapel Hill | B3 | 2BR,2BA | $1.99 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1.99 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $2.66 |
Frequently Asked Questions about Downtown Chapel Hill
What type of rentals are currently available in Downtown Chapel Hill?
There are currently 48 Apartments for Rent in Downtown Chapel Hill, NC with pricing that ranges from $1,075 to $6,811. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chapel Hill ranging from $730 to $5,200.
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 $730 to $5,200 with an average monthly rent of $2,324.
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 $1,395 to $6,811, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,310.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.