Cheap Homes for Rent in Chapel Hill, NC from $600 (27 Rentals)

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

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

$1,100 - $1,450

2 To 3 Bedroom Rentals

Available Now

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.

property at 1414 Old Lystra Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

1414 Old Lystra Rd, Unit 3

1414 Old Lystra Rd
Chapel HillNC27517
property at 1416 Old Lystra Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

1416 Old Lystra Rd

Chapel HillNC27514

Durham's Best Affordable Neighborhoods

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

property at 134 Johnson St

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525

Total Monthly Price
$1,525

2 Bedroom, 1 Bath Home for Rent

Available Now

134 Johnson St

Chapel HillNC27516
property at 1416 Old Lystra Rd

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Condo for Rent

Available Now

1416 Old Lystra Rd

Chapel HillNC27514

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: 03/20/2026

Current apartment rentals in the Chapel Hill, NC area range in price from $768 to $10,152 with an overall median price of $2,768. The three Chapel Hill neighborhoods with the lowest median rent pricing are Southern Village at $768, Downtown Chapel Hill at $768, and UNC Chapel Hill at $768. 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$1,680$768160
Downtown Chapel Hill$1,728$76837
UNC Chapel Hill$1,850$768178
Greater Chapel Hill$1,865$7682117
University Place$2,258$768845
Gimghoul Historic District$2,891$768775
Meadowmont$2,891$975877
Northside$2,902$768782
Chapel Hill East$2,932$768824
Cameron McCauley$3,402$768763

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. Crossings @ 501 in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. 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
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
Glenbrook East and WestThe Brightleaf GWII 5351BR,1BA$925
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$934
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Lenox at Patterson PlaceDoverStudio,1BA$975
Berkshire 54Cranwell R2BR,1BA$1,000
Sunstone ApartmentsThe Opal1BR,1BA$1,007
Poplar PlaceA11BR,1BA$1,018

Best Value Apartments for Rent in Chapel Hill, NC

As of March 20, 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 C1 Model at The Apartments at Midtown 501 starting at $1,430 with a $1.24 price per square foot in the Sayward Drive 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
The Apartments at Midtown 501C13BR,2BA$1.24
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.49
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.37
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Sunstone ApartmentsThe Jade2BR,1BA$1.45
Avana 55TwelveA21BR,1BA$1.48
Collins Crossingb20b2BR,2BA$1.45
Berkshire 54Barington1BR,1BA$1.33

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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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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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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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 179 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $768 to $8,453. There are also 111 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $600 to $4,750.

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 $600 to $4,750 with an average monthly rent of $2,891.

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 $8,453, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,200. 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.