
Cheap Homes for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $500 (52 Rentals)
Search the lowest-cost Homes available for rent right now in the Greater Chapel Hill area of Chapel Hill.


303 Smith Level Rd, Unit A23

Room in House on Bedrock Rd

303 Smith Level Rd, Unit C11

303 Smith Level Rd, Unit E23

Room in Condo on Finley Forest Dr

Room in Townhome on Philip's Square

303 Smith Level Rd, Unit 32

44 Davie Cir

Room in Townhome on Willow Bridge Dr
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.

210 Purefoy Rd

Room in Townhome on Sangre De Cristo Dr

1011 Morreene Rd

304 Cedarwood Ln

124 Fidelity St

135 Kingsbury Dr

304 Umstead Dr, Unit Upstairs Master Bedroom

303 Homestead Rd

7 Shepherd Ln

2 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.

118 Matthias Briggs Dr

1002 Willow Dr

114 Wild Primrose Ln

1521 Partridgeberry Rd, Unit B

500 Umstead Dr

600 Audubon Lake Dr

2501 Camellia Dr

243 Cedar Terrace Rd

535 Harper Rd

475 Cedar Lake Rd
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.

237 Bridgefield Pl

433 Northside Dr

1412 Old Lystra Rd, Unit 3

249 Schultz St

1416 Old Lystra Rd, Unit 3

1416 Old Lystra Rd, Unit 6

410 W Hl Ave S

207 Ashley Forest Rd, Unit 207

1513 E Franklin St

511 Mattress Factory Rd
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.

108 Ephesus Church Rd

700 N Greensboro St

180 Summerwalk Cir

189 Lawndale Ave

143 Brookberry Cir

1705 Smith Level Rd

121 Westview Dr, Unit 50

55 Fashion Pl

103 Schultz St

12 Durbin Pl
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.
Greater Chapel Hill, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Greater Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greater Chapel Hill 2 Bedroom Homes for Rent | $1,725 | $1,125 | $4,000 |
| Greater Chapel Hill 3 Bedroom Homes for Rent | $2,307 | $1,695 | $4,200 |
| Greater Chapel Hill 4 Bedroom Homes for Rent | $2,893 | $650 | $5,000 |
| Greater Chapel Hill 5 Bedroom Homes for Rent | $3,208 | $2,595 | $4,300 |
| Greater Chapel Hill 6 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
Browse Homes for Rent in this Neighborhood
There are currently 52 rentals with your search options within a 2 mile radius of the Greater Chapel Hill Neighborhood of Chapel Hill, NC.
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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 Berkshire 54 priced from $910. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Berkshire 54 | Barrington R2 | 1BR,1BA | $910 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $925 |
| Crystal Village | Emerald | 1BR,1BA | $949 |
| Crossings @ 501 Apartments | Creekview Semi-Upgraded - Call for Availability | 1BR,1BA | $950 |
| Link Apartments® Calyx | S1-A | Studio,1BA | $950 |
| The Forest | The Willow I | Studio,1BA | $955 |
| Willowdaile | 11S | 1BR,1BA | $960 |
| Pine Ridge | The Brightleaf 610 | 1BR,1BA | $966 |
| Deerfield Crossing | 1X1 | 1BR,1BA | $975 |
| Sunstone Apartments | The Opal | 1BR,1BA | $979 |
Best Value Apartments for Rent in Greater Chapel Hill, NC
As of July 30, 2026 the best value apartment in the Greater Chapel Hill area is the $1.23 price per square foot C1 - The Madison Model at Southpoint Estate Apartments in the in the Downing Creek neighborhood starting from $1,525. The second greatest value Greater Chapel Hill apartment is the Bordeaux Model at Spring Forest at Deerfield starting at $1,375 with a $1.16 price per square foot in the Fieldstone Farms 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 | $1.23 |
| Spring Forest at Deerfield | Bordeaux | 2BR,2BA | $1.16 |
| Pickett Square Townhomes | The Eno 1162 | 2BR,2.5BA | $1.24 |
| Holly Hill | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.27 |
| ReNew Durham | Chesapeake | 2BR,2BA | $1.22 |
| Colonial Townhouses- Students save up to 10%! | Yorktown | 2BR,1.5BA | $1.01 |
| The Sawyer | B1R | 2BR,2BA | $1.26 |
| Chapel Tower - Students save up to 10%! | Duke | 2BR,1.5BA | $1.25 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.16 |
| Anderson Apartments | 1 Bedroom | 1BR,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.
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
Frequently Asked Questions about Greater Chapel Hill
What type of rentals are currently available in Greater Chapel Hill?
There are currently 360 Apartments for Rent in Greater Chapel Hill, NC with pricing that ranges from $843 to $15,905. There are also 250 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Chapel Hill ranging from $550 to $5,000.
What is the current price range for Rental Homes in Greater Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Greater Chapel Hill ranges from $550 to $5,000 with an average monthly rent of $2,125.
How much are larger Three and Four Bedroom Rentals in Greater Chapel Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Greater Chapel Hill range from $1,343 to $9,122, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,200. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $1,310.
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

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.

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.

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.