Cheap Homes for Rent in Chapel Hill, NC from $700 (43 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

8 Shepherd Ln

Chapel HillNC27514
property at 500 Umstead Dr

500 Umstead Dr

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.

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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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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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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.

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Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 11/02/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $849 to $24,000 with an overall median price of $6,009. The three Chapel Hill neighborhoods with the lowest median rent pricing are Southern Village at $849, UNC Chapel Hill at $958, and Downtown Chapel Hill at $1,025. 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
Southern Village$1,685$849161
UNC Chapel Hill$1,819$958241
Downtown Chapel Hill$1,890$1,02526
Northside$2,476$1,0954
University Place$2,525$1,000366
Gimghoul Historic District$3,543$958318
Chapel Hill East$3,625$1,000338
Meadowmont$3,650$999454
Cameron McCauley$3,655$849305
Estes$3,665$1,004258

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 2 Beds unit found at Carolina Spring Senior Apartments in the Triple Crown Estates neighborhood priced from $799. Glenbrook East and West in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $888. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsTwo Bedroom2BR,1BA$799
Glenbrook East and WestThe Brightleaf GW 6601BR,1BA$888
Berkshire 54Cranwell R22BR,1BA$949
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Lenox at Patterson PlaceDoverStudio,1BA$999
ShadowoodThe Oak1BR,1BA$1,000
Link Apartments® CalyxS1Studio,1BA$1,006
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1,024
Estes ParkGrove at Estes Park1BR,1BA$1,025

Best Value Apartments for Rent in Chapel Hill, NC

As of November 02, 2025 the best value apartment in the Chapel Hill area is the $0.83 price per square foot C4 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,125. The second greatest value Chapel Hill apartment is the The Eno GWII 1025 Model at Glenbrook East and West starting at $1,458 with a $1.42 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 LoftsC43BR,3BA$0.83
Glenbrook East and WestThe Eno GWII 10252BR,2BA$1.42
Rock Creek ApartmentsSycamore2BR,2BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
Collins Crossingb20b2BR,2BA$1.44
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.25
Berkshire 54Barrington R21BR,1BA$1.48
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Chateau Apartments - NewOne Bedroom One Bath Garden1BR,1BA$1.38
Poplar PlaceA11BR,1BA$1.32

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick Rent Budget Calculator

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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 166 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $849 to $24,000. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $720 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 $720 to $6,950 with an average monthly rent of $3,075.

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 $1,000 to $9,026, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,095.

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.

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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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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! 

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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.