Cheap Homes for Rent in Chapel Hill, NC from $600 (28 Rentals)

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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.

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property at 8 Shepherd Ln

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

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.

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property at 500 Umstead Dr

$1,350 - $1,425

2 Bedroom Rentals

Available Now

500 Umstead Dr

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.

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property at 2 Crystal Oaks Ct

$1,500

2 Bedroom, 2 Bath Townhome for Rent

Available Now

2 Crystal Oaks Ct

DurhamNC27707

Durham's Best Affordable Neighborhoods

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

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Showing Results 1-28, Page 1 of 1

Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 12/19/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $839 to $12,000 with an overall median price of $3,199. The three Chapel Hill neighborhoods with the lowest median rent pricing are Downtown Chapel Hill at $975, Southern Village at $849, and UNC Chapel Hill at $895. 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$97522
Southern Village$1,728$849191
UNC Chapel Hill$1,732$895197
Greater Chapel Hill$1,870$8391577
University Place$2,495$985339
Meadowmont$2,895$985442
Gimghoul Historic District$3,323$895289
Chapel Hill East$3,543$975314
Northside$3,600$849342
Cameron McCauley$3,625$849325

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at Carolina Spring Senior Apartments in the Triple Crown Estates neighborhood priced from $849. The Villages of Chapel Hill in the Lafayette neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$895
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
ShadowoodThe Oak1BR,1BA$910
Glenbrook East and WestThe Brightleaf GWII 5351BR,1BA$931
Berkshire 54Cranwell R22BR,1BA$949
Lenox at Patterson PlaceDoverStudio,1BA$999
Poplar PlaceB22BR,2BA$1,007
Link Apartments® CalyxS1Studio,1BA$1,047
Trinity at the Hill1B1BR,1BA$1,049

Best Value Apartments for Rent in Chapel Hill, NC

As of December 19, 2025 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 Serenity at Booker Creek Model at Booker Creek - Students save up to 10%! starting at $1,535 with a $1.49 price per square foot in the North Garrett Road Community 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
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.49
Rock Creek ApartmentsSycamore2BR,2BA$1.40
J 501 EstatesSydney2BR,1BA$1.44
Poplar PlaceB12BR,1BA$1.37
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
River View2B2BR,2BA$1.44
Berkshire 54Barrington R21BR,1BA$1.48
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1.47

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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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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Chapel Hill, NC
Population: 60,988

Ranked #618

in US Census Population by City

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Pet Friendly Lifestyle
Chapel Hill, NC

Ranked #9

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Chapel Hill, NC

School data provided by Great Schools

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

Explore Chapel Hill, NC Rentals by Map

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See the most popular apartments and homes in Chapel Hill, NC

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Chapel Hill, NC Apartments Map
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Chapel Hill, NC Rental Homes Map

Frequently Asked Questions about Chapel Hill

What type of rentals are currently available in Chapel Hill?

There are currently 172 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $849 to $12,000. There are also 117 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $650 to $6,950.

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 $650 to $6,950 with an average monthly rent of $3,073.

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 $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,625 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

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!