Cheap Apartments for Rent in the Southern Village Neighborhood of Chapel Hill, NC from $700 (22 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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101 Woodcrest Dr, Unit B
$800
Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800
1 Bedroom Apartment Available Now

101 Woodcrest Dr, Unit B

101 Woodcrest DrChapel Hill, NC 27516
Affordability
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Collins Crossing
Rent Specials
$1,221 - $1,870
Total Monthly Price

Total Monthly Price

Base Rent
$1,190 - $1,839
Required Monthly Fees
Varies
Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
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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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Bridges at Chapel Hill
Rent Specials
$1,231 - $1,691
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,659
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Bridges at Chapel Hill

142 BPW Club RdCarrboro, NC 27510
Active Lifestyle
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Showing Results 1-22, Page 1 of 1

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 1 Bed unit found at Carolina Spring Senior Apartments priced from $849. Berkshire 54 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $910. Here are the most affordable Southern Village apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$849
Berkshire 54Barrington - Renovated1BR,1BA$910
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$934
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Ashbrook Apartments1b/1b Edgemont1BR,1BA$1,066

Best Value Apartments for Rent in Southern Village, NC

As of March 20, 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 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
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.49
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Collins Crossingb20b2BR,2BA$1.45
Berkshire 54Barington1BR,1BA$1.33
Chateau Apartments1x1 Renovated1BR,1BA$1.58
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$1.51
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$1.51
101 Woodcrest Dr, Unit B101 Woodcrest Dr1BR,1BA$1.60

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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 #16

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 the Cheapest Studio apartment in Southern Village?

Currently the most affordable Cheap Studio Apartment in Southern Village is at The Villages of Chapel Hill listed at $958.

How much is rent for a Cheap One Bedroom Southern Village Apartment?

The lowest price for a Cheap One Bedroom Southern Village Apartment is $849 at Carolina Spring Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Southern Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southern Village is starting from $949 at Berkshire 54.

What is the most affordable Southern Village Three Bedroom Apartment?

The best deal on a cheap Southern Village Three Bedroom Apartment rental is at The Villages of Chapel Hill and starts from $1,600.

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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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.

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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.