Cheap Homes for Rent in Greater Chapel Hill Neighborhood of Chapel Hill, NC from $400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514

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.

property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516

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 $859. Crossings @ 501 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Greater Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living Ivy CreekStudioStudio,1BA$859
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
Crystal VillageEmerald1BR,1BA$969
LaSalle Pointe ApartmentsThe Brightleaf 7001BR,1BA$999
South Point1 Bedroom 1 Bathoom1BR,1BA$999

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of June 25, 2025 the best value apartment in the Greater Chapel Hill area is the $1.11 price per square foot Cypress Model at Spring Forest at Deerfield in the in the Fieldstone Farms neighborhood starting from $1,599. The second greatest value Greater Chapel Hill apartment is the The Eno 1250 Model at Lochridge starting at $1,493 with a $1.21 price per square foot in the South Durham 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.
Spring Forest at DeerfieldCypress3BR,2BA$1.11
LochridgeThe Eno 12502BR,2.5BA$1.21
Keystone At Mebane OaksSpring2BR,2BA$1.29
Creekside Landing2 Bed/2 Bath 1,137 Square Feet2BR,2BA$1.16
Notting HillEssex2BR,2BA$1.28
The SawyerB1 Renovated2BR,2BA$1.26
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.32
Deerfield Crossing2x22BR,2BA$1.16
Patriots PointeEvergreen1BR,1BA$1.34
Poplar ManorOne Bedroom1BR,1BA$1.24

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Greater Chapel Hill

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

There are currently 340 Apartments for Rent in Greater Chapel Hill, NC with pricing that ranges from $600 to $17,490. There are also 182 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Chapel Hill ranging from $450 to $6,950.

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 $450 to $6,950 with an average monthly rent of $2,771.

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 $995 to $9,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,225.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.