Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $700 (30 Rentals)

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

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516

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.

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property at 500 Umstead Dr

$1,325 - $2,000

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

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
Corporate Housing
Showing Results 1-30, Page 1 of 1

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 Shadowood priced from $848. West End Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $939. Here are the most affordable Lafayette apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
ShadowoodThe Oak1BR,1BA$848
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$939
Berkshire 54Cranwell R22BR,1BA$949
Chateau ApartmentsOne Bedroom One Bath Garden1BR,1BA$949
Poplar PlaceA11BR,1BA$951
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio,1BA$993
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$999
Royal Park - Students save up to 10%!Monarch1BR,1BA$1,020
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1,051
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,075

Best Value Apartments for Rent in Lafayette, NC

As of February 06, 2026 the best value apartment in the Lafayette 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 Lafayette apartment is the c20a Model at Collins Crossing starting at $1,783 with a $1.55 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.
Shortbread LoftsC13BR,3BA$0.94
Collins Crossingc20a3BR,2BA$1.55
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
Poplar PlaceB12BR,1BA$1.31
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.46
Berkshire 54Barrington R21BR,1BA$1.48
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1.31
Chateau ApartmentsOne Bedroom One Bath Garden1BR,1BA$1.38
Trinity at the Hill1B1BR,1BA$1.40
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$1.59

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Shadowood which is listed at $848, while the average apartment in Lafayette costs $3,660.

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 93 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 $1,327 which is $2,333 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

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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.