
Cheap Homes for Rent in Chapel Hill, NC from $700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Chapel Hill.


Room in Townhome on Governors Dr

135 Kingsbury Dr

106 Basnight Ln

8 Shepherd Ln

8 Shepherd Ln
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.

130 S Estes Dr

500 Umstead Dr

121 Westview Dr

6 Crystal Oaks Ct

1416 Old Lystra Rd

1416 Old Lystra Rd
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.

107 New Cooper Square

118 Fidelity St

475 Cedar Lake Rd

220 Elizabeth St

1416 Old Lystra Rd

1416 Old Lystra Rd
Durham's Best Affordable Neighborhoods
Learn about Durham and the best places to live with original content written by Local Expert Billy K

191 Summerwalk Cir

208 Carr St

1010 Kingswood Dr, Unit D

1005 Oak Tree Dr

702 MLK Jr Blvd #C-3 C

718 Whitney Ln
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.

4100-4105 Five Oaks Dr

303 Smith Level Rd

47 Bell Cir
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 | $1,839 | $1,325 | $3,200 |
| Chapel Hill 3 Bedroom Homes for Rent | $2,583 | $1,700 | $4,500 |
| Chapel Hill 4 Bedroom Homes for Rent | $2,874 | $1,700 | $4,200 |
| Chapel Hill 5 Bedroom Homes for Rent | $4,250 | $3,200 | $6,500 |
| Chapel Hill 6 Bedroom Homes for Rent | $4,841 | $3,475 | $6,750 |
| Chapel Hill 7 Bedroom Homes for Rent | $5,425 | $5,425 | $5,425 |
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: 02/02/2026Current apartment rentals in the Chapel Hill, NC area range in price from $799 to $12,497 with an overall median price of $3,084. The three Chapel Hill neighborhoods with the lowest median rent pricing are Downtown Chapel Hill at $1,060, Southern Village at $949, and UNC Chapel Hill at $958. 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 |
|---|---|---|---|
| Downtown Chapel Hill | $1,728 | $1,060 | 35 |
| Southern Village | $1,728 | $949 | 183 |
| UNC Chapel Hill | $1,755 | $958 | 197 |
| Greater Chapel Hill | $1,940 | $799 | 1750 |
| University Place | $2,682 | $995 | 449 |
| Meadowmont | $3,481 | $995 | 526 |
| Chapel Hill East | $3,494 | $995 | 432 |
| Gimghoul Historic District | $3,494 | $958 | 380 |
| Northside | $3,580 | $949 | 418 |
| Cameron McCauley | $3,612 | $949 | 403 |
Cheapest Available Chapel Hill Apartments for Rent
 The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Crossings @ 501 in the Downtown Durham neighborhood priced from $900. West End Flats in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $939. Here is today’s list of the most affordable Chapel Hill apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crossings @ 501 | 1x1 Creekview Classic- Call for Availability | 1BR,1BA | $900 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $939 |
| Glenbrook East and West | The Brightleaf GWII 535 | 1BR,1BA | $943 |
| Berkshire 54 | Cranwell R2 | 2BR,1BA | $949 |
| Chateau Apartments | One Bedroom One Bath Garden | 1BR,1BA | $949 |
| Shadowood | The Oak | 1BR,1BA | $963 |
| Poplar Place | A1 | 1BR,1BA | $970 |
| MAA Patterson | 11B | 1BR,1BA | $993 |
| The Villages of Chapel Hill | The Brighton - DELUXE Studio Apartment Home | Studio,1BA | $993 |
| Lenox at Patterson Place | Dover | Studio,1BA | $999 |
Best Value Apartments for Rent in Chapel Hill, NC
As of February 02, 2026 the best value apartment in the Chapel Hill area is the $0.94 price per square foot C1 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,140. The second greatest value Chapel Hill apartment is the C3A Model at Haven at Patterson Place starting at $1,650 with a $1.45 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. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Haven at Patterson Place | C3A | 3BR,3BA | $1.45 |
| Laurel Ridge Apartments | Rosemary | 2BR,1.5BA | $1.35 |
| 115 Wild Primrose Ln, Unit 115 Wild Primrose Lane | 115 Wild Primrose Ln | 2BR,2BA | $1.44 |
| Poplar Place | B1 | 2BR,1BA | $1.38 |
| Collins Crossing | b20b | 2BR,2BA | $1.43 |
| Ashbrook Apartments | 1b/1b Edgemont | 1BR,1BA | $1.31 |
| Chateau Apartments | 1x1 Renovated | 1BR,1BA | $1.31 |
| Trinity at the Hill | 1B | 1BR,1BA | $1.40 |
| The Bailey Apartments | A1 - Renovated | 1BR,1BA | $1.44 |
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 ArticleThe 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 ArticleCash 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.
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.
Best Local Schools in Chapel Hill, NC
Morris Grove Elementary
East Chapel Hill High
Guy Phillips Middle School
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 170 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $864 to $7,799. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $740 to $6,750.
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 $740 to $6,750 with an average monthly rent of $3,125.
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 $1,110 to $7,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,095.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.