
Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $775 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lafayette area of Chapel Hill.


Room in Single Family Home on Hillsborough St

303 Smith Level Rd, Unit 32

Total Monthly Price
Shadowood

Laurel Ridge Apartments

Kingswood - Students save up to 10%!

University Apartments Chapel Hill

207 Purefoy Rd

Trustee Corner
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.

The Ramsey

207 Friendly Ln

2 Holland Dr

500 Umstead Dr

612 Hillsborough

205 Sunrise Ln

1006 S Columbia St

108 Pine St, Unit 6

Chateau Apartments
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.

The Villages of Chapel Hill

West End Flats

Estes Park - Students Save Up To 10%!

University Lake

Royal Park - Students save up to 10%!

Rock Creek Apartments

Ridgewood - Students save up to 10%!

Carolina Spring Senior Apartments

Total Monthly Price
Bridges at Chapel Hill
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.

Total Monthly Price
Collins Crossing Apartments

Total Monthly Price
Autumn Woods

Carolina - Students save up to 10%!

Ashbrook Apartments

109 W Poplar Ave

137 Oak St, Unit 137 Oak St.

Total Monthly Price
400 Davie Rd, Unit 31

Berkshire 54

Poplar Place
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.

Trinity at the Hill

River View
Lafayette, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Studio Apartments | $958 | $958 | $958 |
| Lafayette 1 Bedroom Apartments | $1,708 | $979 | $2,399 |
| Lafayette 2 Bedroom Apartments | $1,871 | $1,008 | $3,548 |
| Lafayette 3 Bedroom Apartments | $3,351 | $1,380 | $5,961 |
| Lafayette 4 Bedroom Apartments | $2,451 | $1,295 | $5,180 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Lafayette Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
Lafayette, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Berkshire 54 | Barrington R2 | 1BR, 1BA | $910 |
| Chateau Apartments | One Bedroom | 1BR, 1BA | $925 |
| The Ramsey | 1BR/1.0BA | 1BR, 1BA | $950 |
| The Villages of Chapel Hill | The Brighton - Cozy Studio Apartment Home | Studio, 1BA | $958 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR, 1BA | $1,008 |
| Poplar Place | A1 | 1BR, 1BA | $1,013 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR, 1BA | $1,075 |
| Shadowood | The Oak | 1BR, 1BA | $1,099 |
| Kingswood - Students save up to 10%! | Blue Devil | 2BR, 1BA | $1,135 |
| Laurel Ridge Apartments | Laurel | 1BR, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 503 N. Greensboro | 7BR/3.0BA | 7BR, 3BA | $1.30 |
| 502 Whitaker Street, Unit B | 502 Whitaker Street | 3BR, 1BA | $1.10 |
| Rock Creek Apartments | Sycamore | 2BR, 2BA | $1.40 |
| Carolina - Students save up to 10%! | Hatteras | 2BR, 1.5BA | $1.42 |
| Berkshire 54 | Cranwell | 2BR, 1BA | $1.31 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR, 2BA | $1.27 |
| Laurel Ridge Apartments | Laurel | 1BR, 1BA | $1.41 |
| Chateau Apartments | One Bedroom | 1BR, 1BA | $1.16 |
| Trinity at the Hill | 1B | 1BR, 1BA | $1.46 |
| Poplar Place | A1 | 1BR, 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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLafayette, Chapel Hill, NC
Ranked #18
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lafayette, Chapel Hill, NC
Carrboro Elementary
Phoenix Academy High
School data provided by Great Schools
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

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.

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.

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.

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.