Cheap Apartments for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $400 (151 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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Timber Hollow
1 to 2 Bedroom Apartments

Timber Hollow

101 Timber Hollow CtChapel Hill, NC 27514
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Greater Chapel Hill, Chapel Hill, NC Local Guide

Cheapest Available Greater Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in the Greater Chapel Hill area of Chapel Hill, NC is a 1 Bed unit found at Dupont Circle priced from $723. Shadowood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $834. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Dupont CircleThe Brightleaf 6001BR,1BA$723
ShadowoodThe Oak1BR,1BA$834
Vivo Living Ivy CreekSTDO - StudioStudio,1BA$839
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Lenox EastThe Brightleaf 6501BR,1BA$865
Avalon EastThe Brightleaf 6501BR,1BA$890
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$895
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
Audubon LakeThe Brightleaf 6501BR,1BA$928

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of December 21, 2025 the best value apartment in the Greater Chapel Hill area is the $1.05 price per square foot The Trinity 1800 Model at Lochridge in the in the South Durham neighborhood starting from $1,895. The second greatest value Greater Chapel Hill apartment is the 2BR/2BA Upper Floor Model at 2211 Morehead Ave starting at $1,249 with a $1.00 price per square foot in the Fayetteville Street Corridor neighborhood. Here is today’s list of the best values for Greater Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LochridgeThe Trinity 18003BR,2.5BA$1.05
2211 Morehead Ave2BR/2BA Upper Floor2BR,2BA$1.00
Southpoint Estate ApartmentsC1 - The Madison3BR,2BA$1.23
Holly HillTwo Bedroom 1.5 Bath2BR,1.5BA$1.14
Alexander Pointe Apartments2 Bedroom 2 Bath Luxury Apartment Home2BR,2BA$1.14
Shortbread LoftsC13BR,3BA$0.94
119 SouthAlamance2BR,2BA$1.22
Spring Forest at DeerfieldBordeaux2BR,2BA$1.12
Taylor's PondThe Eno 11622BR,2.5BA$1.14
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.22

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Greater Chapel Hill, Chapel Hill, NC

Ranked #1

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Greater Chapel Hill, Chapel Hill, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Chapel Hill. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Greater Chapel Hill Neighborhood in Chapel Hill, NC

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

33 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

10 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Greater Chapel Hill Apartments

What is a cheap apartment in Greater Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greater Chapel Hill is under $928.

What is the price of a cheap apartment in Greater Chapel Hill?

The cheapest apartment in Greater Chapel Hill is Dupont Circle which is listed at $725, while the average apartment in Greater Chapel Hill costs $1,868.

What types of apartments are the cheapest in Greater Chapel Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 569 regular apartments in Greater Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Greater Chapel Hill?

Cheap apartments in Greater Chapel Hill have an average cost of $887 which is $981 cheaper than the average rent for all rentals in Greater Chapel Hill.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.