303 Smith Level Rd
Chapel HillNC27516
Cheap Homes for Rent in the Govenors Village Neighborhood of Chapel Hill, NC from $625 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Govenors Village area of Chapel Hill.
303 Smith Level Rd, Unit 32
303 Smith Level Rd
Chapel HillNC27516
180 Summerwalk Cir
Chapel HillNC27517
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.
414 Summerwalk Cir
Chapel HillNC27517
1412 Old Lystra Rd, Unit 3
1412 Old Lystra Rd
Chapel HillNC27517
701 Copperline Dr
Chapel HillNC27516
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 a home in Govenors Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Govenors Village 2 Bedroom Homes for Rent | $1,478 | $1,300 | $1,850 |
| Govenors Village 3 Bedroom Homes for Rent | $2,257 | $1,750 | $2,995 |
| Govenors Village 4 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 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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Cheapest Available Govenors Village Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Ramsey | 1BR/1.0BA | 1BR,1BA | $950 |
| Morgan Reserve | B4 | 2BR,2BA | $1,896 |
Best Value Apartments for Rent in Govenors Village, NC
As of September 06, 2026 the best value apartment in the Govenors Village area is the $1.60 price per square foot B4 Model at Morgan Reserve in the in the Downing Creek neighborhood starting from $1,896. 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 | $1.60 |
| The Ramsey | 4BR/2.0BA | 4BR,2BA | $2.89 |
| 505 Pine Bluff Trl, Unit Sweet Carolina | 505 Pine Bluff Trl | 3BR,1BA | $2.64 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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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 Govenors Village
What type of rentals are currently available in Govenors Village?
There are currently 15 Apartments for Rent in Govenors Village, NC with pricing that ranges from $700 to $2,932. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Govenors Village ranging from $625 to $3,995.
What is the current price range for Rental Homes in Govenors Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Govenors Village ranges from $625 to $3,995 with an average monthly rent of $1,802.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.