
Cheap Apartments for Rent in the Estes Neighborhood of Chapel Hill, NC from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Estes area of Chapel Hill.


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Shadowood

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Sunstone Apartments

Glen Lennox North

Sagebrook of Chapel Hill

Laurel Ridge Apartments

Link Apartments® Calyx

Kingswood - Students save up to 10%!
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Apartments at Midtown 501

Link Apartments® Linden

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The Hartley at Blue Hill

Elliot Wood Apartments

Trustee Corner

6 Shepherd Ln

Timber Hollow

D2 Shepherd Ln
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.

Chapel View

500 Umstead Dr

1002 Willow Dr

104 Rose Ln

612 Hillsborough

108 Pine St, Unit 6, Unit 6

Estes Park - Students Save Up To 10%!

University Lake
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Royal Park - Students save up to 10%!

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River View

Ridgewood - Students save up to 10%!

106 Pleasant Dr

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Collins Crossing

Carolina - Students save up to 10%!

178 W Braxton Foushee St, Unit A

104 Friar Ln
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.

109 W Poplar Ave
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 | $1,564 | $1,163 | $3,278 |
| Estes 1 Bedroom Apartments | $1,738 | $1,060 | $3,688 |
| Estes 2 Bedroom Apartments | $2,129 | $884 | $4,868 |
| Estes 3 Bedroom Apartments | $3,543 | $1,129 | $8,488 |
| Estes 4 Bedroom Apartments | $2,537 | $1,140 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 33 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 2 Beds unit found at Trinity Court Apartments priced from $884. Estes Park - Students Save Up To 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,060. Here are the most affordable Estes apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Court Apartments | 2x1 | 2BR,1BA | $884 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,060 |
| Shadowood | The Oak | 1BR,1BA | $1,079 |
| Sunstone Apartments | The Opal | 1BR,1BA | $1,097 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $1,125 |
| River View | 1A | 1BR,1BA | $1,133 |
| Laurel Ridge Apartments | Laurel | 1BR,1BA | $1,135 |
| Glen Lennox North | 2 Bedroom 1 Bath A | 2BR,1BA | $1,144 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,155 |
| Link Apartments® Calyx | S1 | Studio,1BA | $1,157 |
Best Value Apartments for Rent in Estes, NC
As of May 23, 2026 the best value apartment in the Estes area is the $1.63 price per square foot Marilyn Model at Franklin Woods - Students: Save up to 10%! in the in the Downing Creek neighborhood starting from $1,630. The second greatest value Estes apartment is the Inviting 3 Bedroom Apartment in the Heart of Ca... Model at The Wilson Apartments starting at $1,595 with a $1.72 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. |
|---|---|---|---|
| Franklin Woods - Students: Save up to 10%! | Marilyn | 2BR,1.5BA | $1.63 |
| The Wilson Apartments | Inviting 3 Bedroom Apartment in the Heart of Ca... | 3BR,1BA | $1.72 |
| The Apartments at Midtown 501 | A1 | 1BR,1BA | $1.40 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.45 |
| Collins Crossing | b20b | 2BR,2BA | $1.46 |
| Laurel Ridge Apartments | Laurel | 1BR,1BA | $1.41 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.47 |
| Glen Lennox North | 2 Bedroom 1 Bath A | 2BR,1BA | $1.59 |
| Sunstone Apartments | The Opal | 1BR,1BA | $1.56 |
| River View | 1A | 1BR,1BA | $1.72 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 $1,157.
What is the price of a cheap apartment in Estes?
The cheapest apartment in Estes is Estes Park - Students Save Up To 10%! which is listed at $1,060, while the average apartment in Estes costs $5,040.
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 247 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 $1,259 which is $3,781 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.