Cheap Apartments for Rent in the Southern Village Neighborhood of Chapel Hill, NC from $700 (16 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. The Villages of Chapel Hill has the second lowest priced unit, which is a Studio apartment currently listed from $895. 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
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$895
West End Flats2 Bedroom, 2 Bathroom2BR,2BA$934
Berkshire 54Cranwell R22BR,1BA$949
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1,033

Best Value Apartments for Rent in Southern Village, NC

As of January 07, 2026 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 c20a Model at Collins Crossing starting at $1,819 with a $1.58 price per square foot in the Triple Crown Estates 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
Collins Crossingc20a3BR,2BA$1.58
Rock Creek ApartmentsSycamore2BR,2BA$1.40
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.47
River View2B2BR,2BA$1.44
Berkshire 54Barrington R21BR,1BA$1.48
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Chateau Apartments1x1 Renovated1BR,1BA$1.58
Autumn WoodsAR1BR,1BA$1.61
Carolina Spring Senior ApartmentsOne Bedroom1BR,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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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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Pet Friendly Lifestyle
Southern Village, Chapel Hill, NC

Ranked #17

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,105.

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 $1,728.

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 79 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 $1,553 which is $175 cheaper than the average rent for all rentals in Southern Village.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!