Cheap Apartments for Rent in the Southern Village Neighborhood of Chapel Hill, NC from $700 (18 Rentals)

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

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Southern Village, Chapel Hill, NC Local Guide

Cheapest Available Southern Village Apartments for Rent

 

The cheapest available apartment rental in the Southern Village area of Chapel Hill, NC is a 2 Beds unit found at Carolina Spring Senior Apartments priced from $799. Berkshire 54 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. Here are the most affordable Southern Village apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsTwo Bedroom2BR,1BA$799
Berkshire 54Cranwell R22BR,1BA$949
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Link Apartments® CalyxS1Studio,1BA$977
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1,027

Best Value Apartments for Rent in Southern Village, NC

As of November 12, 2025 the best value apartment in the Southern Village 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 Southern Village apartment is the Rosemary Model at Laurel Ridge Apartments starting at $1,420 with a $1.35 price per square foot in the Lafayette neighborhood. Here is today’s list of the best values for Southern Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shortbread LoftsC13BR,3BA$0.94
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
Rock Creek ApartmentsSycamore2BR,2BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
River View2B2BR,2BA$1.44
106 Fidelity/109 W Poplar2BR/1.0BA2BR,1BA$1.56
Collins Crossingb20b2BR,2BA$1.44
West End Flats2 Bedroom, 1 Bathroom2BR,1BA$1.37
Berkshire 54Barrington R21BR,1BA$1.48
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1.51

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Southern Village, Chapel Hill, NC

Ranked #14

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Southern Village Neighborhood in Chapel Hill, NC

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Southern Village Apartments

What is a cheap apartment in Southern Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southern Village is under $1,150.

What is the price of a cheap apartment in Southern Village?

The cheapest apartment in Southern Village is Carolina Spring Senior Apartments which is listed at $849, while the average apartment in Southern Village costs $1,680.

What types of apartments are the cheapest in Southern Village?

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 72 regular apartments in Southern Village 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 Southern Village?

Cheap apartments in Southern Village have an average cost of $1,414 which is $266 cheaper than the average rent for all rentals in Southern Village.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.