304 Umstead Dr
Chapel HillNC27516
Cheap Homes for Rent in the Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $600 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
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.
Room in Condo on M.L.K. Jr Blvd
708 M.L.K. Jr Blvd
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.
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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 | $2,062 | $1,250 | $2,700 |
| Downtown Chapel Hill 3 Bedroom Homes for Rent | $2,807 | $2,400 | $3,897 |
| Downtown Chapel Hill 4 Bedroom Homes for Rent | $3,323 | $2,800 | $3,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 2 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 July 21, 2026 the best value apartment in the Downtown Chapel Hill area is the $1.08 price per square foot D2 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,575. The second greatest value Downtown Chapel Hill apartment is the 2 Beds, 1.5 Baths Model at Cedar Court starting at $1,650 with a $1.56 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 | D2 | 4BR,4BA | $1.08 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.56 |
| Union Chapel Hill | B2 | 2BR,2BA | $1.81 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| 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 | $3.04 |
Frequently Asked Questions about Downtown Chapel Hill
What type of rentals are currently available in Downtown Chapel Hill?
There are currently 50 Apartments for Rent in Downtown Chapel Hill, NC with pricing that ranges from $1,115 to $4,000. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chapel Hill ranging from $695 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 $695 to $3,900 with an average monthly rent of $2,329.
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 $1,365 to $2,395, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $3,897. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,295.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.