Cheap Homes for Rent in the Greater Chapel Hill Neighborhood of Chapel Hill, NC from $500 (52 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 - $700

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $700

Total Monthly Price
$550 - $700

1 Bedroom, 1 Bath Home for Rent

Available Soon

108 Pine St

CarrboroNC27510
property at 303 Smith Level Rd

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516

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.

property at 304 Cedarwood Ln

$1,000 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,600

Total Monthly Price
$1,000 - $1,600

1 To 2 Bedroom Townhomes for Rent

Available Now

304 Cedarwood Ln

CarrboroNC27510

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.

property at 1002 Willow Dr

$1,200 - $1,600

1 To 2 Bedroom Rentals

Available Now

1002 Willow Dr

Chapel HillNC27514
property at 114 Wild Primrose Ln

$1,235

Total Monthly Price

Total Monthly Price

Base Rent
$1,235

Total Monthly Price
$1,235

2 Bedroom, 1 Bath Home for Rent

Available Now

114 Wild Primrose Ln

Chapel HillNC27514
property at 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

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 207 Ashley Forest Rd

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Condo for Rent

Available Aug 8

207 Ashley Forest Rd, Unit 207

207 Ashley Forest Rd
Chapel HillNC27514

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.

property at 121 Westview Dr

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

121 Westview Dr, Unit 50

121 Westview Dr
CarrboroNC27510
property at 12 Durbin Pl

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

12 Durbin Pl

DurhamNC27705

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

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 ListingModel NameBed/BathPriced From
Berkshire 54Barrington R21BR,1BA$910
Chateau ApartmentsOne Bedroom1BR,1BA$925
Crystal VillageEmerald1BR,1BA$949
Crossings @ 501 ApartmentsCreekview Semi-Upgraded - Call for Availability1BR,1BA$950
Link Apartments® CalyxS1-AStudio,1BA$950
The ForestThe Willow IStudio,1BA$955
Willowdaile11S1BR,1BA$960
Pine RidgeThe Brightleaf 6101BR,1BA$966
Deerfield Crossing1X11BR,1BA$975
Sunstone ApartmentsThe Opal1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Southpoint Estate ApartmentsC1 - The Madison3BR,2BA$1.23
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.24
Holly HillTwo Bedroom 1.5 Bath2BR,1.5BA$1.27
ReNew DurhamChesapeake2BR,2BA$1.22
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.01
The SawyerB1R2BR,2BA$1.26
Chapel Tower - Students save up to 10%!Duke2BR,1.5BA$1.25
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Anderson Apartments1 Bedroom1BR,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.

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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.

Read Article
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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 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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.