
Cheap Apartments for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $400 (225 Rentals)
Search the lowest-cost Apartments available for rent right now in the Greater Chapel Hill area of Chapel Hill.


303 Smith Level Rd, Unit E23

303 Smith Level Rd, Unit B14

Room in Townhome on Philip's Square

303 Smith Level Rd, Unit 32

Total Monthly Price
Shadowood

907 Oak Tree Dr

135 Kingsbury Dr

216 Ridge Trl

Total Monthly Price
Sunstone Apartments
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.

250 S Estes Dr, Unit 80

Total Monthly Price
810 Greenwood Rd, Unit Mother-in-law apartment

Link Apartments® Calyx

Laurel Ridge Apartments

PineGate - Students save up to 10%!

Total Monthly Price
Notting Hill

Kingswood - Students save up to 10%!

Glen Lennox North

The Apartments at Midtown 501

Sagebrook 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.

Trinity Court Apartments

212 Barclay Rd

114 Wild Primrose Ln

Total Monthly Price
1515 Partridgeberry Rd, Unit B

1617 Old Oxford Rd

Total Monthly Price
Overture Chapel Hill

Bell Chapel Hill

Blu on Farrington

Link Apartments® Linden

1416 Old Lystra Rd, Unit 3
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.

1416 Old Lystra Rd, Unit 6

University Apartments Chapel Hill

1701 North

207 Ashley Forest Rd, Unit 207

Chapel Hill North

Atlas Blue Hill

Total Monthly Price
204 Purefoy Rd, Unit A

Franklin Woods - Students: Save up to 10%!

Trilogy Chapel Hill

Total Monthly Price
900 Willow
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.

Elliot Wood Apartments

Trustee Corner

210 Purefoy Rd

6 Shepherd Ln

Landings at Winmore Apartments

108 Ephesus Church Rd

Timber Hollow

Chapel View

Short Term Furnished Luxury Studio

D2 Shepherd Ln
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.
Greater Chapel Hill, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Greater Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greater Chapel Hill Studio Apartments | $1,472 | $958 | $2,935 |
| Greater Chapel Hill 1 Bedroom Apartments | $1,609 | $843 | $5,252 |
| Greater Chapel Hill 2 Bedroom Apartments | $1,876 | $1,048 | $7,259 |
| Greater Chapel Hill 3 Bedroom Apartments | $2,438 | $1,140 | $9,346 |
| Greater Chapel Hill 4 Bedroom Apartments | $1,583 | $1,140 | $2,330 |
Browse Apartments in this Neighborhood
There are currently 225 rentals with your search options within a 2 mile radius of the Greater Chapel Hill Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
Greater Chapel Hill, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
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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 Shadowood priced from $753. Crossings @ 501 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $753 |
| Crossings @ 501 Apartments | Creekview Classic - Call for Availability | 1BR,1BA | $900 |
| Avalon East | The Brightleaf 650 | 1BR,1BA | $926 |
| Crystal Village | Emerald | 1BR,1BA | $949 |
| The Mews Apartments and Townhomes | The Dover | 1BR,1BA | $949 |
| Berkshire 54 | Cranwell R2 | 2BR,1BA | $949 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $949 |
| Deerfield Crossing | 1X1 | 1BR,1BA | $975 |
| Duke Manor- Students save up to 10%! | Hereford | 1BR,1BA | $980 |
| Anderson Apartments | 1 Bedroom | 1BR,1BA | $990 |
Best Value Apartments for Rent in Greater Chapel Hill, NC
As of July 08, 2026 the best value apartment in the Greater Chapel Hill area is the $1.09 price per square foot C1 - The Madison Model at Southpoint Estate Apartments in the in the Downing Creek neighborhood starting from $1,342. The second greatest value Greater Chapel Hill apartment is the B1.5 Model at Vetra Forest Hills - Lexington Street starting at $1,549 with a $1.29 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Southpoint Estate Apartments | C1 - The Madison | 3BR,2BA | $1.09 |
| Vetra Forest Hills - Lexington Street | B1.5 | 2BR,1.5BA | $1.29 |
| The Sawyer | B2R With Den | 2BR,2BA | $1.26 |
| Holly Hill | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.27 |
| Spring Forest at Deerfield | Berkshire | 2BR,2BA | $1.27 |
| Chapel Tower - Students save up to 10%! | Duke | 2BR,1.5BA | $1.22 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.28 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.19 |
| Anderson Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
| The Mews Apartments and Townhomes | The Dover | 1BR,1BA | $1.27 |
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.
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.
Read ArticleQuick 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.
Pet Friendly LifestyleGreater Chapel Hill, Chapel Hill, NC
Ranked #1
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Greater Chapel Hill, Chapel Hill, NC
Morris Grove Elementary
Chapel Hill High
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 $990.
What is the price of a cheap apartment in Greater Chapel Hill?
The cheapest apartment in Greater Chapel Hill is Shadowood which is listed at $753, while the average apartment in Greater Chapel Hill costs $4,000.
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 609 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 $751 which is $3,249 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.