Cheap Homes for Rent in Greater Chapel Hill Neighborhood of Chapel Hill, NC from $600 (32 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.

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 Article
property at 371 Umstead Dr

371 Umstead Dr

Chapel HillNC27516

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.

Read Article
property at 8 Shepherd Ln

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.

Read Article
property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516

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.

Read Article
Showing Results 1-32, Page 1 of 1

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 $834. Carolina Spring Senior Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. 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$834
Carolina Spring Senior ApartmentsTwo Bedroom2BR,1BA$849
Dupont CircleThe Brightleaf 5251BR,1BA$860
Lenox EastThe Brightleaf 6501BR,1BA$882
Willowdaile11S1BR,1BA$885
The ForestThe Willow IStudio,1BA$895
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Duke Manor- Students save up to 10%!Hereford1BR,1BA$930
Pine RidgeThe Brightleaf 5351BR,1BA$934
University Ridge ApartmentsA11BR,1BA$948

Best Value Apartments for Rent in Greater Chapel Hill, NC

As of October 09, 2025 the best value apartment in the Greater Chapel Hill area is the $1.12 price per square foot 406 W Clay St Model at 406 W Clay St, Unit Unit B in the in the Fieldstone Farms neighborhood starting from $1,395. The second greatest value Greater Chapel Hill apartment is the The Eno 1250 Model at Lochridge starting at $1,559 with a $1.26 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.
406 W Clay St, Unit Unit B406 W Clay St2BR,2BA$1.12
LochridgeThe Eno 12502BR,2.5BA$1.26
501 Towns21.5TH2BR,1.5BA$1.07
Taylor's PondThe Eno 11622BR,2.5BA$1.22
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.20
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.20
Hawk's NestThe Eno 9802BR,1.5BA$1.18
River View2B2BR,2BA$1.27
Avana 55TwelveA21BR,1BA$1.30
South Point1 Bedroom 1 Bathoom1BR,1BA$1.28

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

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

decorative image of woman handing cat to small boy

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 340 Apartments for Rent in Greater Chapel Hill, NC with pricing that ranges from $834 to $24,000. There are also 223 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greater Chapel Hill ranging from $650 to $19,995.

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 $650 to $19,995 with an average monthly rent of $2,807.

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 $1,055 to $9,103, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $19,995. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,030.

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 How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.