Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $700 (41 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

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516
property at 303 Smith Level Rd

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Condo for Rent

Available Jan 1, 2027

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516
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Shadowood
$1,096 - $1,880
Total Monthly Price

Total Monthly Price

Base Rent
$1,096 - $1,880

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Shadowood

110 Piney Mountain RdChapel Hill, NC 27514
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 500 Umstead Dr

$1,250 - $1,325

2 To 3 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
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The Ramsey
2 to 6 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing
  • Utilities Included
property at 108 Pine St

$550 - $700

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $700

Total Monthly Price
$550 - $700

1 Bedroom, 1 Bath Home for Rent

Available Now

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.

property at 304 Cedarwood Ln

$1,000 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,600

Total Monthly Price
$1,000 - $1,600

1 To 2 Bedroom Townhomes for Rent

Available Now

304 Cedarwood Ln

CarrboroNC27510

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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Collins Crossing
Rent Specials
$1,182 - $1,802
Total Monthly Price

Total Monthly Price

Base Rent
$1,182 - $1,802

Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Autumn Woods
Rent Specials
$1,248 - $2,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,248 - $2,950

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Autumn Woods

222 Old Fayetteville RdCarrboro, NC 27510
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 121 Westview Dr

$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

121 Westview Dr, Unit 50

121 Westview Dr
CarrboroNC27510
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Berkshire 54
1 to 2 Bedroom Apartments

Berkshire 54

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

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
Corporate Housing
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River View
1 to 2 Bedroom Apartments

River View

201 Westbrook DrCarrboro, NC 27510

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 400 Davie Rd

$1,475

2 Bedroom Rentals

Unavailable

400 Davie Rd

CarrboroNC27510

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
Trinity at the Hill1A1BR,1BA$1,050
The Villages of Chapel HillThe Westchester - Two Bedroom Townhome2BR,1BA$1,050
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$1,059
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,060
ShadowoodThe Oak1BR,1BA$1,096
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1,120
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,130
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1,181

Best Value Apartments for Rent in Lafayette, NC

As of August 08, 2026 the best value apartment in the Lafayette area is the $1.39 price per square foot Kenan Model at Laurel Ridge Apartments in the in the Lafayette neighborhood starting from $1,755. The second greatest value Lafayette apartment is the 2 Beds, 1.5 Baths Model at Cedar Court starting at $1,595 with a $1.51 price per square foot in the Triple Crown Estates neighborhood. 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.
Laurel Ridge ApartmentsKenan3BR,2BA$1.39
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.51
Collins Crossingb20b2BR,2BA$1.47
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.31
Berkshire 54Barington1BR,1BA$1.33
Bridges at Chapel HillA21BR,1BA$1.59
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Trinity at the Hill1B1BR,1BA$1.40
Poplar PlaceA11BR,1BA$1.59
The Villages of Chapel HillNCVCH A1 1x1 725sqft - Cambridge1BR,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.

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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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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 $1,859.

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 66 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 $537 which is $1,322 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.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.