400 1/2 McCauley St
Chapel HillNC27516
Cheap Homes for Rent in Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
106 Basnight Ln
Chapel HillNC27516
529 Hillsborough St
Chapel HillNC27514
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.
500 Umstead Dr
Chapel HillNC27516
102 Johnson St
Chapel HillNC27516
220 Elizabeth St
Chapel HillNC27514
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.
208 Carr 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 | $1,575 | $1,350 | $1,990 |
| Downtown Chapel Hill 3 Bedroom Homes for Rent | $2,300 | $1,850 | $2,600 |
| Downtown Chapel Hill 4 Bedroom Homes for Rent | $3,265 | $2,900 | $3,900 |
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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Downtown Chapel Hill, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
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Cheapest Available Downtown Chapel Hill Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,085 |
| University Apartments Chapel Hill | One Bedroom One Bathroom | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of December 20, 2025 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 125 Wild Iris Ln Model at 125 Wild Iris Ln, Unit A starting at $1,800 with a $1.76 price per square foot in the Clearwater Lake 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 |
| 125 Wild Iris Ln, Unit A | 125 Wild Iris Ln | 2BR,1.5BA | $1.76 |
| 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 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Chapel Hill, Chapel Hill, NC
Ranked #22
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Downtown Chapel Hill
What type of rentals are currently available in Downtown Chapel Hill?
There are currently 46 Apartments for Rent in Downtown Chapel Hill, NC with pricing that ranges from $975 to $7,236. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chapel Hill ranging from $800 to $3,900.
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 $800 to $3,900 with an average monthly rent of $2,016.
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 $1,110 to $6,381, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $1,095.
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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.