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Studio Apartments
Short Term Furnished Luxury Studio
11404 Governors DrChapel Hill, NC 27517
Cheap Apartments for Rent in the Govenors Village Neighborhood of Chapel Hill, NC from $700 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Govenors Village area of Chapel Hill.
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1 to 4 Bedroom Apartments
The Ramsey
201 Howell StChapel Hill, NC 27514
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 3 Bedroom Apartments
Southern Village Apartments
200 Copperline DrChapel Hill, NC 27516
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1 to 2 Bedroom Apartments
Morgan Reserve
5205 Barbee Chapel RdChapel Hill, NC 27517
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Govenors Village, Chapel Hill, NC Local Guide
How much does it cost to rent an apartment in Govenors Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Govenors Village Studio Apartments | $1,726 | $1,676 | $1,776 |
| Govenors Village 1 Bedroom Apartments | $1,785 | $700 | $2,162 |
| Govenors Village 2 Bedroom Apartments | $2,248 | $1,050 | $2,932 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 4 rentals with your search options within a 3 mile radius of the Govenors Village Neighborhood of Chapel Hill, NC.
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Govenors Village, Chapel Hill, NC Local Guide
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Best Value Apartments for Rent in Govenors Village, NC
As of August 17, 2026 the best value apartment in the Govenors Village area is the $1.62 price per square foot B4 Model at Morgan Reserve in the in the Downing Creek neighborhood starting from $1,916. The second greatest value Govenors Village apartment is the 4BR/2.0BA Model at The Ramsey starting at $3,400 with a $2.89 price per square foot in the Govenors Village neighborhood. Here is today’s list of the best values for Govenors Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Morgan Reserve | B4 | 2BR,2BA | $1.62 |
| The Ramsey | 4BR/2.0BA | 4BR,2BA | $2.89 |
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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Real 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.
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Pet Friendly LifestyleGovenors Village, Chapel Hill, NC
Ranked #24
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Govenors Village Apartments
What is the lowest price for a Cheap Two Bedroom Govenors Village Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Govenors Village is starting from $1,916 at Morgan Reserve.
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
Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham
Written by: Billy K
I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.