Cheap Homes for Rent in Estes Neighborhood of Chapel Hill, NC from $500 (11 Rentals)

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

property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

property at 104 Friar Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

104 Friar Ln

CarrboroNC27510

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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 $982. Estes Park - Students Save Up To 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,065. Here are the most affordable Estes apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
ShadowoodThe Oak1BR,1BA$982
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,065
River View1A1BR,1BA$1,099
Link Apartments® CalyxS1Studio,1BA$1,139
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,140

Best Value Apartments for Rent in Estes, NC

As of June 11, 2026 the best value apartment in the Estes area is the $1.39 price per square foot C1 Model at The Apartments at Midtown 501 in the in the Sayward Drive neighborhood starting from $1,593. The second greatest value Estes apartment is the 3 Bedroom 2 Bath Model at Dobbins Hill Apartment Homes starting at $1,750 with a $1.54 price per square foot in the South Durham 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.
The Apartments at Midtown 501C13BR,2BA$1.39
Dobbins Hill Apartment Homes3 Bedroom 2 Bath3BR,2BA$1.54
Carolina - Students save up to 10%!Emerald2BR,1.5BA$1.40
Franklin Woods - Students: Save up to 10%!Marilyn2BR,1.5BA$1.55
The WilsonInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
Laurel Ridge ApartmentsColumbia2BR,1BA$1.39
Cosgrove HillA21BR,1BA$1.72
Collins Crossingb20b2BR,2BA$1.46
Trinity Court Apartments1x11BR,1BA$1.67
River View1A1BR,1BA$1.67

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 $1,044 to $8,052. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Estes ranging from $550 to $5,580.

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 $5,580 with an average monthly rent of $2,544.

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 $1,140 to $8,052, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,140.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.