Cheap Apartments for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $400 (178 Rentals)

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

property at 303 Smith Level Rd

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd

Chapel HillNC27516
property at 303 Smith Level Rd

$735

Total Monthly Price

Total Monthly Price

Base Rent
$735

Total Monthly Price
$735

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd

Chapel HillNC27516
property at 204 Celeste Cir

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

204 Celeste Cir

Chapel HillNC27517
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Shadowood
Rent Specials
$1,079 - $2,128
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $2,128

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Sunstone Apartments
Rent Specials
$1,097 - $1,861
Total Monthly Price

Total Monthly Price

Base Rent
$1,097 - $1,861

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Notting Hill
Rent Specials
$1,335 - $5,641
Total Monthly Price

Total Monthly Price

Base Rent
$1,335 - $5,641

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Notting Hill

100 Drew Hill LnChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

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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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
property at 500 Umstead Dr

$1,250 - $1,500

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

property at 1412 Old Lystra Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Condo for Rent

Available Now

1412 Old Lystra Rd, Unit 3, Unit 3

1412 Old Lystra Rd
Chapel HillNC27517
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included

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.

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 Carolina Spring Senior Apartments priced from $849. Trinity Court Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $884. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Trinity Court Apartments2x12BR,1BA$884
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
Willowdaile11S1BR,1BA$910
Avalon EastThe Brightleaf 6501BR,1BA$912
ReNew West DurhamAugusta1BR,1BA$914
The Mews Apartments and TownhomesThe Dover1BR,1BA$915
Mission University PinesA21BR,1BA$934
Duke Manor- Students save up to 10%!Arthur1BR,1BA$940
Crystal VillageEmerald1BR,1BA$949

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of May 24, 2026 the best value apartment in the Greater Chapel Hill area is the $1.06 price per square foot B2 Model at Vetra Forest Hills - Lexington Street in the in the Fayetteville Street Corridor neighborhood starting from $1,595. The second greatest value Greater Chapel Hill apartment is the 2T Model at Trinity at the Hill starting at $1,300 with a $1.01 price per square foot in the Lafayette 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.
Vetra Forest Hills - Lexington StreetB22BR,2BA$1.06
Trinity at the Hill2T2BR,2.5BA$1.01
LochridgeThe Eno 12502BR,2.5BA$1.18
Southpoint Estate ApartmentsC1 - The Madison3BR,2BA$1.27
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
The SawyerB1R2BR,2BA$1.28
Berkshire 54Cranwell R2BR,1BA$1.22
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.22
Mission University PinesA21BR,1BA$1.26

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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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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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!

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 $949.

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

The cheapest apartment in Greater Chapel Hill is Carolina Spring Senior Apartments which is listed at $849, while the average apartment in Greater Chapel Hill costs $5,040.

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 799 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 $1,615 which is $3,425 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.