Cheap Homes for Rent in Chapel Hill, NC from $800 (25 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 371 Umstead Dr

371 Umstead Dr

Chapel HillNC27516
property at 400 Davie Rd

400 Davie Rd

CarrboroNC27510

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

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.

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.

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.

Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 09/10/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $859 to $12,305 with an overall median price of $2,528. The three Chapel Hill neighborhoods with the lowest median rent pricing are Governors Club at $1,595, Southern Village at $949, and Cameron McCauley at $949. 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
Governors Club$1,595$1,5951
Southern Village$1,792$949142
Cameron McCauley$1,899$949266
Greater Chapel Hill$1,965$8591302
Northside$2,019$949278
Meadowmont$2,108$990357
UNC Chapel Hill$2,123$958208
University Place$2,123$990285
Gimghoul Historic District$2,279$958261
Chapel Hill East$2,671$990272

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 $958. 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 HillS1Studio,1BA$958
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$975
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$988
Nova Chapel HillRedwood1BR,1BA$990

Best Value Apartments for Rent in Chapel Hill, NC

As of September 10, 2025 the best value apartment in the Chapel Hill area is the $1.46 price per square foot 3 Bed 2 Bath Model at Dobbins Hill Apartment Homes in the in the South Durham neighborhood starting from $1,650. The second greatest value Chapel Hill apartment is the B2 Model at LYV Chapel Hill starting at $1,525 with a $1.50 price per square foot in the Triple Crown Estates 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.
Dobbins Hill Apartment Homes3 Bed 2 Bath3BR,2BA$1.46
LYV Chapel HillB22BR,2BA$1.50
Rock Creek ApartmentsSycamore2BR,2BA$1.35
Berkshire 54Cranwell2BR,1BA$1.31
Avana 55TwelveA21BR,1BA$1.29
Collins Crossingb20b2BR,2BA$1.49
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Chateau Apartments - New1x1 Renovated1BR,1BA$1.31
The Bailey ApartmentsA1 - Renovated1BR,1BA$1.46
Nova Chapel HillRedwood1BR,1BA$1.48

Quick 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.

decorative image of people with a giant lease agreement

Chapel Hill, NC
Population: 60,988

Ranked #618

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

decorative image of woman handing cat to small boy

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

Explore Chapel Hill, NC Rentals by Map

View Map
Chapel Hill, NC Apartments Map
View Map
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 $879 to $11,759. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $850 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 $850 to $6,950 with an average monthly rent of $2,681.

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 $1,350 to $11,759, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,225.

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.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.