Cheap Homes for Rent in Greater Chapel Hill Neighborhood of Chapel Hill, NC from $600 (30 Rentals)

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Search the lowest-cost Homes 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.

property at 8 Shepherd Ln

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

8 Shepherd Ln

Chapel HillNC27514

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 1078 Timbers Dr

$1,275

3 Bedroom, 2 Bath Home for Rent

Available Feb 1

1078 Timbers Dr

HillsboroughNC27278

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.

property at 500 Umstead Dr

$1,325 - $1,595

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 121 Westview Dr

$1,350 - $1,450

2 Bedroom Rentals

Available Now

121 Westview Dr

CarrboroNC27510

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.

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 Vivo Living Ivy Creek priced from $839. Willowdaile has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living Ivy CreekSTDO - StudioStudio,1BA$839
Willowdaile111BR,1BA$880
Mission University PinesA11BR,1BA$880
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
Fox ChaseThe Brightleaf 6501BR,1BA$907
The ForestThe Willow IStudio,1BA$915
Avalon EastThe Brightleaf 6501BR,1BA$924
ShadowoodThe Oak1BR,1BA$925
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$944

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of January 28, 2026 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$1.07
Shortbread LoftsC13BR,3BA$0.94
Lenox EastThe Eno 11622BR,2.5BA$1.09
Taylor's PondThe Eno 11622BR,2.5BA$1.13
Cadence at Cates CreekB22BR,2BA$1.26
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.22
Trinity Properties - Campus Walk2 bedroom/1 bath2BR,1BA$1.24

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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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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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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Frequently Asked Questions about Greater Chapel Hill

What type of rentals are currently available in Greater Chapel Hill?

There are currently 347 Apartments for Rent in Greater Chapel Hill, NC with pricing that ranges from $839 to $12,627. There are also 199 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Chapel Hill ranging from $600 to $6,750.

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 $600 to $6,750 with an average monthly rent of $2,858.

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 $1,110 to $7,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,095.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.