Cheap Homes for Rent in Greater Chapel Hill Neighborhood of Chapel Hill, NC from $500 (54 Rentals)

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

property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510
property at 303 Smith Level Rd

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625
Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd

Chapel HillNC27516
property at 303 Smith Level Rd

$735

Total Monthly Price

Total Monthly Price

Base Rent
$735
Total Monthly Price
$735

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd, Unit D24 - C

303 Smith Level Rd
Chapel HillNC27516

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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property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 114 Wild Primrose Ln

$1,265

Total Monthly Price

Total Monthly Price

Base Rent
$1,265
Total Monthly Price
$1,265

2 Bedroom, 1 Bath Home for Rent

Available Now

114 Wild Primrose Ln

Chapel HillNC27514

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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property at 600 Audubon Lake 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 Jul 4

600 Audubon Lake Dr, Unit Building 3

600 Audubon Lake Dr
DurhamNC27713

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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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
property at 104 Friar Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

104 Friar Ln

CarrboroNC27510

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.

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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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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at The Mews Apartments and Townhomes priced from $899. 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 ListingModel NameBed/BathPriced From
The Mews Apartments and TownhomesThe Dover1BR,1BA$899
Crossings @ 501 ApartmentsCreekview Classic1BR,1BA$900
Vivo Living Ivy CreekDeluxe StudioStudio,1BA$925
ShadowoodThe Oak1BR,1BA$928
Crystal VillageEmerald1BR,1BA$949
Chateau ApartmentsOne Bedroom1BR,1BA$949
Duke Manor- Students save up to 10%!Arthur1BR,1BA$950
Southpoint GlenDogwood1BR,1BA$978
Anderson Apartments1 Bedroom1BR,1BA$990
Mission University PinesA21BR,1BA$995

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of June 14, 2026 the best value apartment in the Greater Chapel Hill area is the $1.20 price per square foot Three Bedroom 2 Bath - 1,274 sqft Model at Carden Place Apartment Homes in the in the Fieldstone Farms neighborhood starting from $1,535. The second greatest value Greater Chapel Hill apartment is the C1 - The Madison Model at Southpoint Estate Apartments starting at $1,410 with a $1.14 price per square foot in the Downing Creek 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.
Carden Place Apartment HomesThree Bedroom 2 Bath - 1,274 sqft3BR,2BA$1.20
Southpoint Estate ApartmentsC1 - The Madison3BR,2BA$1.14
LochridgeThe Eno 12502BR,2.5BA$1.09
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
Ashbury Square ApartmentsTwo Bedroom Two Bath2BR,2BA$1.18
The SawyerB1R2BR,2BA$1.28
Berkshire 54Lenox R22BR,1BA$1.07
Holly HillTwo Bedroom2BR,1BA$1.33
Chateau ApartmentsOne Bedroom1BR,1BA$1.19
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.20

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

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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

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 $15,066. There are also 267 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Chapel Hill ranging from $550 to $5,580.

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 $5,580 with an average monthly rent of $2,819.

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 $1,140 to $9,103, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,645 to $4,900. Four Bedroom Single-Family rentals are also available starting from $665 and Four Bedroom Apartments start at $1,140.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.