Cheap Apartments for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $425 (186 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

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

1 Bedroom, 1 Bath Condo for Rent

Available Jan 1, 2027

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516
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Shadowood
$989 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $1,749
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

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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property at 104 Bay Colony Ct

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 2 Bath Home for Rent

Available Now

104 Bay Colony Ct

Chapel HillNC27517
property at 1521 Partridgeberry Rd

$1,250 - $1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,275
Total Monthly Price
$1,250 - $1,275

2 Bedroom, 1 Bath Home for Rent

Available Oct 1

1521 Partridgeberry Rd

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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The Hartley at Blue Hill
Rent Specials
$1,339 - $4,094
Total Monthly Price

Total Monthly Price

Base Rent
$1,339 - $4,094
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Hartley at Blue Hill

625 S Elliott RdChapel Hill, NC 27517
Student Housing
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  • Customer Reviewed
  • Smoke Free
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Overture Chapel Hill
Rent Specials
$1,370 - $4,541
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $4,541
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Overture Chapel Hill

5910 Farrington RdChapel Hill, NC 27517
Senior Living
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  • Customer Reviewed
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Notting Hill
Rent Specials
$1,371 - $3,926
Total Monthly Price

Total Monthly Price

Base Rent
$1,371 - $3,926
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Notting Hill

100 Drew Hill LnChapel Hill, NC 27514
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Sunstone Apartments
Rent Specials
$1,019 - $2,064
Total Monthly Price

Total Monthly Price

Base Rent
$1,019 - $2,064
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
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  • Customer Reviewed
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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The Ramsey
1 to 4 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing
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Timber Hollow
1 to 2 Bedroom Apartments

Timber Hollow

101 Timber Hollow CtChapel Hill, NC 27514
property at 1002 Willow Dr

$1,100 - $1,595

1 To 2 Bedroom Rentals

Available Now

1002 Willow Dr

Chapel HillNC27514
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516

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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Rise Chapel Hill
1 to 2 Bedroom Apartments

Rise Chapel Hill

200 Westminster DrChapel Hill, NC 27514
Student Housing
property at 1001 Kingswood Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

1001 Kingswood Dr, Unit I

1001 Kingswood Dr
Chapel HillNC27517
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

1412 Old Lystra Rd
Chapel HillNC27517

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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Showing Results 1-50, Page 1 of 4

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 Studio unit found at The Forest priced from $825. Berkshire 54 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
The ForestThe Willow IStudio,1BA$825
Berkshire 54Barrington R21BR,1BA$910
Crystal VillageEmerald1BR,1BA$949
Crossings @ 501 ApartmentsCreekview Semi-Upgraded - Call for Availability1BR,1BA$950
The Ramsey1BR/1.0BA1BR,1BA$950
South Point1 Bedroom 1 Bathoom1BR,1BA$959
Willowdaile11S1BR,1BA$960
Avalon EastThe Brightleaf 6501BR,1BA$962
ReNew DurhamAtlanta1BR,1BA$969
Deerfield Crossing1X11BR,1BA$975

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of August 23, 2026 the best value apartment in the Greater Chapel Hill area is the $0.91 price per square foot C3 Model at Vetra Forest Hills - Lexington Street in the in the Fayetteville Street Corridor neighborhood starting from $1,825. The second greatest value Greater Chapel Hill apartment is the 502 Whitaker Street Model at 502 Whitaker Street, Unit B starting at $1,700 with a $1.13 price per square foot in the Triple Crown Estates 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 StreetC33BR,3BA$0.91
502 Whitaker Street, Unit B502 Whitaker Street3BR,1BA$1.13
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
The SawyerB2 with Den2BR,2BA$1.17
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.23
Glenbrook East and WestThe Eno GWII 11622BR,2.5BA$1.23
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.06
Towerview Townhouse2BR/1.5BA2BR,1.5BA$1.17
Berkshire 54Barington1BR,1BA$1.24
Anderson Apartments1 Bedroom1BR,1BA$1.28

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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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!

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 $975.

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

The cheapest apartment in Greater Chapel Hill is Berkshire 54 which is listed at $910, while the average apartment in Greater Chapel Hill costs $1,599.

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 601 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 $685 which is $914 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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.