108 Pine St
CarrboroNC27510
Cheap Homes for Rent in Chapel Hill, NC from $500 (38 Rentals)
Search the lowest-cost Homes available for rent right now in Chapel Hill.
303 Smith Level Rd, Unit B34-D
303 Smith Level Rd
Chapel HillNC27516
303 Smith Level Rd, Unit B14
303 Smith Level Rd
Chapel HillNC27516
303 Smith Level Rd, Unit E23
303 Smith Level Rd
Chapel HillNC27516
Room in Townhome on Philip's Square
118 Philip's Sq
Chapel HillNC27516
303 Smith Level Rd, Unit 32
303 Smith Level Rd
Chapel HillNC27516
303 Smith Level Rd, Unit D24 - C
303 Smith Level Rd
Chapel HillNC27516
210 Purefoy Rd
Chapel HillNC27514
6 Shepherd Ln
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.
135 Kingsbury Dr
Chapel HillNC27514
216 Ridge Trl
Chapel HillNC27516
108 Ephesus Church Rd
Chapel HillNC27517
250 S Estes Dr, Unit 80
250 S Estes Dr
Chapel HillNC27514
D2 Shepherd Ln
Chapel HillNC27514
2 Shepherd Ln
Chapel HillNC27514
7 Shepherd Ln
Chapel HillNC27514
500 Umstead Dr
Chapel HillNC27516
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.
1004 Kingswood Dr, Unit 1004 b kingswood dr. Chapel hill
1004 Kingswood Dr
Chapel HillNC27517
243 Cedar Terrace Rd
Chapel HillNC27516
475 Cedar Lake Rd
Chapel HillNC27516
121 Westview Dr
CarrboroNC27510
1002 Willow Dr
Chapel HillNC27514
close
View Me
$1,3952 Bedroom Apartments Available Now
1416 Old Lystra Rd, Unit 3
1416 Old Lystra RdChapel Hill, NC 27517
close
View Me
$1,3952 Bedroom Apartments Available Now
1416 Old Lystra Rd, Unit 6
1416 Old Lystra RdChapel Hill, NC 27517
1412 Old Lystra Rd, Unit 3
1412 Old Lystra Rd
Chapel HillNC27517
1629 Smith Level Rd
Chapel HillNC27516
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.
130 Barclay Rd
Chapel HillNC27516
180 Summerwalk Cir
Chapel HillNC27517
249 Schultz St
Chapel HillNC27514
130 Kingsbury Dr
Chapel HillNC27514
129 Forsyth Dr
Chapel HillNC27517
1513 E Franklin St
Chapel HillNC27514
433 Northside Dr
Chapel HillNC27516
104 Cedarwood Ln
CarrboroNC27510
1705 Smith Level Rd
Chapel HillNC27516
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.
700 N Greensboro St
CarrboroNC27510
143 Brookberry Cir
Chapel HillNC27517
Showing Results 1-38, Page 1 of 1
Chapel Hill, NC Local Guide
How much does it cost to rent a home in Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill 2 Bedroom Homes for Rent | $1,681 | $995 | $2,800 |
| Chapel Hill 3 Bedroom Homes for Rent | $2,322 | $1,795 | $3,200 |
| Chapel Hill 4 Bedroom Homes for Rent | $2,957 | $665 | $4,750 |
| Chapel Hill 5 Bedroom Homes for Rent | $5,040 | $4,500 | $5,580 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Chapel Hill
Explore Chapel Hill
Chapel Hill, NC Local Guide
- Chapel Hill Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Chapel Hill, NC
Pricing Updated: 06/26/2026Current apartment rentals in the Chapel Hill, NC area range in price from $843 to $15,313 with an overall median price of $3,803. The three Chapel Hill neighborhoods with the lowest median rent pricing are Southern Village at $958, University Place at $915, and Governors Club at $1,395. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chapel Hill Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Southern Village | $1,650 | $958 | 137 |
| University Place | $2,417 | $915 | 552 |
| Governors Club | $2,782 | $1,395 | 3 |
| Meadowmont | $3,168 | $850 | 505 |
| Gimghoul Historic District | $3,639 | $915 | 534 |
| Northside | $3,644 | $958 | 515 |
| Cameron McCauley | $4,000 | $958 | 505 |
| Chapel Hill East | $4,000 | $850 | 529 |
| Downtown Chapel Hill | $4,000 | $1,060 | 32 |
| Greater Chapel Hill | $4,000 | $843 | 1544 |
Cheapest Available Chapel Hill Apartments for Rent
The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Shadowood in the Triple Crown Estates neighborhood priced from $827. Crossings @ 501 Apartments in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Chapel Hill apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $827 |
| Crossings @ 501 Apartments | Creekview Classic - Call for Availability | 1BR,1BA | $900 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $949 |
| Nova Chapel Hill | Redwood | 1BR,1BA | $985 |
| Sunstone Apartments | The Opal | 1BR,1BA | $995 |
| Berkshire 54 | Lenox | 2BR,1BA | $1,000 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,059 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,060 |
| The Villages of Chapel Hill | The Dover - One Bedroom Townhome | 1BR,1BA | $1,076 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Chapel Hill, NC
As of June 27, 2026 the best value apartment in the Chapel Hill area is the $1.39 price per square foot C1 Model at The Apartments at Midtown 501 in the in the Sayward Drive neighborhood starting from $1,593. The second greatest value Chapel Hill apartment is the Barcelona Model at J501 Estates starting at $1,584 with a $1.38 price per square foot in the Downtown Durham neighborhood. Here is today’s list of the best values for Chapel Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Apartments at Midtown 501 | C1 | 3BR,2BA | $1.39 |
| J501 Estates | Barcelona | 2BR,2BA | $1.38 |
| Booker Creek - Students save up to 10%! | Serenity Townhome | 2BR,1.5BA | $1.39 |
| Trinity at the Hill | 2A | 2BR,2BA | $1.26 |
| Poplar Place | B1 | 2BR,1BA | $1.40 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1.35 |
| Berkshire 54 | Cranwell | 2BR,1BA | $1.31 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.34 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.19 |
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
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 ArticleQuick 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.
Let everyone know!
Do you know the Chapel Hill area?
If you’re an expert on all things Chapel Hill, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Chapel Hill, NCPopulation: 60,988
Ranked #618
in US Census Population by City
Best Local Schools in Chapel Hill, NC
East Chapel Hill High
Chapel Hill-Carrboro City School District
Public School - Grades 9-12 (1447)
9 out of 10
Guy Phillips Middle School
Chapel Hill-Carrboro City School District
Public School - Grades 6-8 (609)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Chapel Hill, NC Rentals by Map
See the most popular apartments and homes in Chapel Hill, NC
Frequently Asked Questions about Chapel Hill
What type of rentals are currently available in Chapel Hill?
There are currently 187 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $843 to $8,560. There are also 131 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $550 to $5,580.
What is the current price range for Rental Homes in Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chapel Hill ranges from $550 to $5,580 with an average monthly rent of $2,339.
How much are larger Three and Four Bedroom Rentals in Chapel Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chapel Hill range from $1,140 to $8,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,200. 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
Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC
Written by: Billy K
I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.
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.
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.
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.