
Cheap Apartments for Rent in the Estes Neighborhood of Chapel Hill, NC from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Estes area of Chapel Hill.


Aura Booth Park
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

612 Hillsborough
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.

Estes Park - Students Save Up To 10%!
Estes, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Estes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Estes Studio Apartments | $1,417 | $1,109 | $3,278 |
| Estes 1 Bedroom Apartments | $1,666 | $1,015 | $3,688 |
| Estes 2 Bedroom Apartments | $2,137 | $1,068 | $4,868 |
| Estes 3 Bedroom Apartments | $3,243 | $1,110 | $9,704 |
| Estes 4 Bedroom Apartments | $2,276 | $1,095 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Estes Neighborhood of Chapel Hill, NC.
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Estes, Chapel Hill, NC Local Guide
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Cheapest Available Estes Apartments for Rent
 The cheapest available apartment rental in the Estes area of Chapel Hill, NC is a 1 Bed unit found at Shadowood priced from $848. Royal Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,015. Here are the most affordable Estes apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $848 |
| Royal Park - Students save up to 10%! | Monarch | 1BR,1BA | $1,015 |
| Glen Lennox Apartments | 2 Bedroom 1 Bath A | 2BR,1BA | $1,068 |
Best Value Apartments for Rent in Estes, NC
As of February 06, 2026 the best value apartment in the Estes 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 Estes apartment is the c20a Model at Collins Crossing starting at $1,783 with a $1.55 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Estes apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Collins Crossing | c20a | 3BR,2BA | $1.55 |
| The Apartments at Midtown 501 | C1 | 3BR,2BA | $1.59 |
| Laurel Ridge Apartments | Rosemary | 2BR,1.5BA | $1.35 |
| Booker Creek - Students save up to 10%! | Serenity at Booker Creek | 2BR,1.5BA | $1.42 |
| Franklin Woods - Students: Save up to 10%! | Marilyn | 2BR,1.5BA | $1.63 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.46 |
| Shadowood | The Cypress Townhome | 1BR,1BA | $1.63 |
| Glen Lennox Apartments | 2 Bedroom 1 Bath A | 2BR,1BA | $1.49 |
| Chapel View | The Franklin | 1BR,1BA | $1.61 |
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.
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Lifestyle Ratings
This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States including Estes, Chapel Hill, and the greater Chapel Hill area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Estes Apartments
What is a cheap apartment in Estes?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Estes is under $1,149.
What is the price of a cheap apartment in Estes?
The cheapest apartment in Estes is Shadowood which is listed at $848, while the average apartment in Estes costs $3,570.
What types of apartments are the cheapest in Estes?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 177 regular apartments in Estes that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Estes?
Cheap apartments in Estes have an average cost of $1,378 which is $2,192 cheaper than the average rent for all rentals in Estes.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.