Cheap Homes for Rent in Chapel Hill, NC from $700 (27 Rentals)

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

property at 8 Shepherd Ln

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

8 Shepherd 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.

property at 500 Umstead Dr

$1,325 - $2,000

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 121 Westview Dr

$1,350 - $1,450

2 Bedroom Rentals

Available Now

121 Westview Dr

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.

Durham's Best Affordable Neighborhoods

Learn about Durham and the best places to live with original content written by Local Expert Billy K

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.

Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 02/02/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Chapel Hill$1,728$1,06035
Southern Village$1,728$949183
UNC Chapel Hill$1,755$958197
Greater Chapel Hill$1,940$7991750
University Place$2,682$995449
Meadowmont$3,481$995526
Chapel Hill East$3,494$995432
Gimghoul Historic District$3,494$958380
Northside$3,580$949418
Cameron McCauley$3,612$949403

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 ListingModel NameBed/BathPriced From
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$939
Glenbrook East and WestThe Brightleaf GWII 5351BR,1BA$943
Berkshire 54Cranwell R22BR,1BA$949
Chateau ApartmentsOne Bedroom One Bath Garden1BR,1BA$949
ShadowoodThe Oak1BR,1BA$963
Poplar PlaceA11BR,1BA$970
MAA Patterson11B1BR,1BA$993
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio,1BA$993
Lenox at Patterson PlaceDoverStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsC13BR,3BA$0.94
Haven at Patterson PlaceC3A3BR,3BA$1.45
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
115 Wild Primrose Ln, Unit 115 Wild Primrose Lane115 Wild Primrose Ln2BR,2BA$1.44
Poplar PlaceB12BR,1BA$1.38
Collins Crossingb20b2BR,2BA$1.43
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1.31
Chateau Apartments1x1 Renovated1BR,1BA$1.31
Trinity at the Hill1B1BR,1BA$1.40
The Bailey ApartmentsA1 - Renovated1BR,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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chapel Hill, NC Rentals by Map

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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

decorative image for Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC article

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.

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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.

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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.

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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.