Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $775 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lafayette area of Chapel Hill.

property at 303 Smith Level Rd
$625

Total Monthly Price

Base Rent$625

Total Monthly Price$625
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

303 Smith Level Rd

Chapel HillNC27516
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property at 303 Smith Level Rd
$800

Total Monthly Price

Base Rent$800

Total Monthly Price$800
1 Bedroom, 1 Bath Condo for Rent
Available Jul 1, 2027
Furnished

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516
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Shadowood
Rent Specials
$1,099 - $1,608

Total Monthly Price

Base Rent$1,099 - $1,608

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Ramsey
1 to 4 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing
property at 500 Umstead Dr
$1,250 - $1,325
2 Bedroom Rentals
Available Now

500 Umstead Dr

Chapel HillNC27516
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included
property at 108 Pine St
$550

Total Monthly Price

Base Rent$550

Total Monthly Price$550
1 Bedroom, 1 Bath Home for Rent
Available Now

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Autumn Woods
Rent Specials
$1,278 - $2,533

Total Monthly Price

Base Rent$1,278 - $2,533

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Autumn Woods

222 Old Fayetteville RdCarrboro, NC 27510
Student Housing
  • Verified
  • Customer Reviewed
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property at 137 Oak St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
Studio, 1 Bath Home for Rent
Available Oct 1

137 Oak St, Unit 137 Oak St.

137 Oak St
CarrboroNC27510
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400 Davie Rd, Unit 31
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom Apartment Available Nov 1

400 Davie Rd, Unit 31

400 Davie RdCarrboro, NC 27510
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Berkshire 54
1 to 2 Bedroom Apartments

Berkshire 54

112 Hwy 54 BypassCarrboro, NC 27510
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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
Corporate Housing

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Trinity at the Hill
1 to 3 Bedroom Apartments

Trinity at the Hill

180 BPW Club RdCarrboro, NC 27510
Student Housing
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River View
1 to 2 Bedroom Apartments

River View

201 Westbrook DrCarrboro, NC 27510

Lafayette, Chapel Hill, NC Local Guide

Cheapest Available Lafayette Apartments for Rent

 

The cheapest available apartment rental in the Lafayette area of Durham, NC is a 1 Bed unit found at Berkshire 54 priced from $910. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Lafayette apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Berkshire 54Barrington R21BR, 1BA$910
Chateau ApartmentsOne Bedroom1BR, 1BA$925
The Ramsey1BR/1.0BA1BR, 1BA$950
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio, 1BA$958
West End Flats2 Bedroom, 1 Bathroom2BR, 1BA$1,008
Poplar PlaceA11BR, 1BA$1,013
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR, 1BA$1,075
ShadowoodThe Oak1BR, 1BA$1,099
Kingswood - Students save up to 10%!Blue Devil2BR, 1BA$1,135
Laurel Ridge ApartmentsLaurel1BR, 1BA$1,135

Best Value Apartments for Rent in Lafayette, NC

As of September 22, 2026 the best value apartment in the Lafayette area is the $1.30 price per square foot 7BR/3.0BA Model at 503 N. Greensboro in the Triple Crown Estates neighborhood starting from $2,600. The second greatest value Lafayette apartment is the 502 Whitaker Street Model at 502 Whitaker Street, Unit B in the Triple Crown Estates neighborhood starting at $1,650 with a $1.10 price per square foot. Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
503 N. Greensboro7BR/3.0BA7BR, 3BA$1.30
502 Whitaker Street, Unit B502 Whitaker Street3BR, 1BA$1.10
Rock Creek ApartmentsSycamore2BR, 2BA$1.40
Carolina - Students save up to 10%!Hatteras2BR, 1.5BA$1.42
Berkshire 54Cranwell2BR, 1BA$1.31
West End Flats2 Bedroom, 2 Bathroom2BR, 2BA$1.27
Laurel Ridge ApartmentsLaurel1BR, 1BA$1.41
Chateau ApartmentsOne Bedroom1BR, 1BA$1.16
Trinity at the Hill1B1BR, 1BA$1.46
Poplar PlaceA11BR, 1BA$1.30

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Lafayette, Chapel Hill, NC

Ranked #18

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across North Carolina, including Chapel Hill. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lafayette Apartments

What is the price of a cheap apartment in Lafayette?

The cheapest apartment in Lafayette is Berkshire 54 which is listed at $910, while the average apartment in Lafayette costs $1,844.

What types of apartments are the cheapest in Lafayette?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 121 regular apartments in Lafayette that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette?

Cheap apartments in Lafayette have an average cost of $521 which is $1,323 cheaper than the average rent for all rentals in Lafayette.

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 Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham article

Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.