Cheap Homes for Rent in Estes Neighborhood of Chapel Hill, NC from $500 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Estes area of Chapel Hill.

property at 500 Umstead Dr

$1,000 - $1,500

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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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 $946. Sunstone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,047. Here are the most affordable Estes apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
ShadowoodThe Oak1BR,1BA$946
Sunstone ApartmentsThe Opal1BR,1BA$1,047
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,055

Best Value Apartments for Rent in Estes, NC

As of April 25, 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 Serenity Townhome Model at Booker Creek - Students save up to 10%! starting at $1,365 with a $1.33 price per square foot in the Marena Place neighborhood. Here is today’s list of the best values for Estes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsC13BR,3BA$0.94
Booker Creek - Students save up to 10%!Serenity Townhome2BR,1.5BA$1.33
The Apartments at Midtown 501A11BR,1BA$1.51
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.47
Royal Park - Students save up to 10%!Majestic2BR,1BA$1.38
Glen Lennox North2 Bedroom 1 Bath B2BR,1BA$1.36
Collins Crossingb20b2BR,2BA$1.45
Sunstone ApartmentsThe Opal1BR,1BA$1.49
Chapel ViewThe Franklin1BR,1BA$1.57

Frequently Asked Questions about Estes

What type of rentals are currently available in Estes?

There are currently 105 Apartments for Rent in Estes, NC with pricing that ranges from $768 to $7,939. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Estes ranging from $550 to $3,650.

What is the current price range for Rental Homes in Estes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Estes ranges from $550 to $3,650 with an average monthly rent of $2,099.

How much are larger Three and Four Bedroom Rentals in Estes?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Estes range from $1,110 to $7,939, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,150. Four Bedroom Single-Family rentals are also available starting from $2,000 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

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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.

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.