
Cheap Homes for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Lafayette area of Chapel Hill.


303 Smith Level Rd, Unit C11

303 Smith Level Rd, Unit E23

108 Pine St

303 Smith Level Rd, Unit 32
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.

210 Purefoy Rd

Room in Condo on M.L.K. Jr Blvd

124 Fidelity St

500 Umstead Dr

121 Westview Dr, Unit 50
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.
Lafayette, Chapel Hill, NC Local Guide

How much does it cost to rent a home in Lafayette?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette 2 Bedroom Homes for Rent | $2,083 | $1,250 | $3,200 |
| Lafayette 3 Bedroom Homes for Rent | $2,539 | $1,695 | $3,897 |
| Lafayette 4 Bedroom Homes for Rent | $2,710 | $650 | $3,900 |
| Lafayette 5 Bedroom Homes for Rent | $3,700 | $3,700 | $3,700 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Lafayette Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $781 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $925 |
| Berkshire 54 | Cranwell R2 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shortbread Lofts | D2 | 4BR,4BA | $1.08 |
| Autumn Woods | CR | 3BR,2BA | $1.44 |
| Berkshire 54 | Lenox - Renovated | 2BR,1BA | $1.32 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Royal Park - Students save up to 10%! | Majestic | 2BR,1BA | $1.34 |
| West End Flats | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.30 |
| Chateau Apartments | One Bedroom | 1BR,1BA | $1.16 |
| Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.43 |
| Trinity at the Hill | 1B | 1BR,1BA | $1.40 |
| Shadowood | The Oak | 1BR,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

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.

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.

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.