Cheap Homes for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $500 (10 Rentals)

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Search the lowest-cost Homes 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 Aug 1

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516
property at 108 Pine St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St

CarrboroNC27510

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 500 Umstead Dr

$1,250 - $1,495

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
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 Jul 15

121 Westview Dr, Unit 50

121 Westview Dr
CarrboroNC27510

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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 $781. 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
ShadowoodThe Oak1BR,1BA$781
Chateau ApartmentsOne Bedroom1BR,1BA$925
Berkshire 54Cranwell R22BR,1BA$949

Best Value Apartments for Rent in Lafayette, NC

As of July 15, 2026 the best value apartment in the Lafayette area is the $1.08 price per square foot D2 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,575. The second greatest value Lafayette apartment is the CR Model at Autumn Woods starting at $1,985 with a $1.44 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 LoftsD24BR,4BA$1.08
Autumn WoodsCR3BR,2BA$1.44
Berkshire 54Lenox - Renovated2BR,1BA$1.32
Laurel Ridge ApartmentsColumbia2BR,1BA$1.39
Royal Park - Students save up to 10%!Majestic2BR,1BA$1.34
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.30
Chateau ApartmentsOne Bedroom1BR,1BA$1.16
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.43
Trinity at the Hill1B1BR,1BA$1.40
ShadowoodThe Oak1BR,1BA$1.47

Frequently Asked Questions about Lafayette

What type of rentals are currently available in Lafayette?

There are currently 94 Apartments for Rent in Lafayette, NC with pricing that ranges from $955 to $8,191. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette ranging from $550 to $3,900.

What is the current price range for Rental Homes in Lafayette?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette ranges from $550 to $3,900 with an average monthly rent of $2,153.

How much are larger Three and Four Bedroom Rentals in Lafayette?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette range from $1,140 to $8,191, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,897. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $1,140.

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

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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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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.

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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.

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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.