
Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $700 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lafayette area of Chapel Hill.


303 Smith Level Rd, Unit B14

303 Smith Level Rd, Unit E23

303 Smith Level Rd, Unit 32

303 Smith Level Rd, Unit D24 - C

Total Monthly Price
Shadowood

Laurel Ridge Apartments

Kingswood - Students save up to 10%!

Trinity Court Apartments
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.

200 Purefoy Rd

Total Monthly Price
204 Purefoy Rd, Unit A

University Apartments Chapel Hill

Trustee Corner

210 Purefoy Rd

500 Umstead Dr

612 Hillsborough

1629 Smith Level Rd

130 Barclay Rd
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.

The Ramsey

108 Pine St

West End Flats

Carolina Spring Senior Apartments

Chateau Apartments

The Villages of Chapel Hill

Trinity at the Hill

Estes Park - Students Save Up To 10%!

Royal Park - Students save up to 10%!
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.

Ridgewood - Students save up to 10%!

University Lake

1205 N Greensboro St

River View

Rock Creek Apartments

Total Monthly Price
Collins Crossing

Total Monthly Price
Autumn Woods

434 S Greensboro St

Carolina - Students save up to 10%!
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.

Ashbrook Apartments

Total Monthly Price
Bridges at Chapel Hill

178 W Braxton Foushee St, Unit A

104 Friar Ln

109 W Poplar Ave

114 Bim St

Berkshire 54

121 Westview Dr

Poplar Place
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.

104 Cedarwood Ln
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 | $1,705 | $936 | $2,399 |
| Lafayette 2 Bedroom Apartments | $1,838 | $949 | $3,124 |
| Lafayette 3 Bedroom Apartments | $2,914 | $1,140 | $4,699 |
| Lafayette 4 Bedroom Apartments | $1,602 | $1,140 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 46 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
- Nearby Cities
- ZIP codes
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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 Shadowood priced from $876. Chateau Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Lafayette apartments for rent in Durham, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $876 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $949 |
| Carolina Spring Senior Apartments | Two Bedroom | 2BR,1BA | $949 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,060 |
| The Villages of Chapel Hill | The Dover - One Bedroom Townhome | 1BR,1BA | $1,076 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,085 |
| River View | 1A | 1BR,1BA | $1,099 |
| West End Flats | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1,129 |
| Berkshire 54 | Cranwell | 2BR,1BA | $1,166 |
| Collins Crossing | b10a | 2BR,1BA | $1,182 |
Best Value Apartments for Rent in Lafayette, NC
As of June 21, 2026 the best value apartment in the Lafayette area is the $1.44 price per square foot B2 Model at Poplar Place in the in the Triple Crown Estates neighborhood starting from $1,461. The second greatest value Lafayette apartment is the 2A Model at Trinity at the Hill starting at $1,200 with a $1.26 price per square foot in the Lafayette neighborhood. 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. |
|---|---|---|---|
| Poplar Place | B2 | 2BR,2BA | $1.44 |
| Trinity at the Hill | 2A | 2BR,2BA | $1.26 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.43 |
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1.37 |
| Berkshire 54 | Cranwell | 2BR,1BA | $1.31 |
| Collins Crossing | b20b | 2BR,2BA | $1.47 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.42 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.19 |
| The Villages of Chapel Hill | The Cambridge - One Bedroom Apartment Home | 1BR,1BA | $1.51 |
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 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.
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 Shadowood which is listed at $876, while the average apartment in Lafayette costs $4,000.
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 94 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 $747 which is $3,253 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.