
Cheap Homes for Rent in Estes Neighborhood of Chapel Hill, NC from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Estes area of Chapel Hill.


D2 Shepherd Ln

500 Umstead Dr
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.

108 Ephesus Church Rd

700 N Greensboro St

1513 E Franklin St
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.
Estes, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Estes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Estes 2 Bedroom Homes for Rent | $1,817 | $1,150 | $2,900 |
| Estes 3 Bedroom Homes for Rent | $2,362 | $1,900 | $3,150 |
| Estes 4 Bedroom Homes for Rent | $2,736 | $2,000 | $3,650 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Estes Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $946 |
| Sunstone Apartments | The Opal | 1BR,1BA | $1,047 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Booker Creek - Students save up to 10%! | Serenity Townhome | 2BR,1.5BA | $1.33 |
| The Apartments at Midtown 501 | A1 | 1BR,1BA | $1.51 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.35 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.47 |
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1.38 |
| Glen Lennox North | 2 Bedroom 1 Bath B | 2BR,1BA | $1.36 |
| Collins Crossing | b20b | 2BR,2BA | $1.45 |
| Sunstone Apartments | The Opal | 1BR,1BA | $1.49 |
| Chapel View | The Franklin | 1BR,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

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.

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.