Cheap Apartments for Rent in the UNC at Chapel Hill Neighborhood of Chapel Hill, NC from $700 (44 Rentals)

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

property at 303 Smith Level Rd

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Condo for Rent

Available Jan 1, 2027

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Hartley at Blue Hill
Rent Specials
$1,353 - $4,094
Total Monthly Price

Total Monthly Price

Base Rent
$1,353 - $4,094

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Hartley at Blue Hill

625 S Elliott RdChapel Hill, NC 27517
Student Housing
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  • Customer Reviewed
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Sunstone Apartments
Rent Specials
$1,392 - $2,074
Total Monthly Price

Total Monthly Price

Base Rent
$1,392 - $2,074

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Sunstone Apartments

208 Conner DrChapel Hill, NC 27514
Student Housing
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  • Customer Reviewed
  • 3D Tour
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900 Willow
Rent Specials
$1,500 - $4,298
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $4,298

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

900 Willow

900 Willow DrChapel Hill, NC 27514
Student Housing
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  • 3D Tour
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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The Ramsey
1 to 4 Bedroom Apartments

The Ramsey

201 Howell StChapel Hill, NC 27514
Student Housing
property at 1002 Willow Dr

$1,100 - $1,595

1 To 2 Bedroom Rentals

Available Now

1002 Willow Dr

Chapel HillNC27514
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 500 Umstead Dr

$1,250 - $1,425

2 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516
property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St, Unit 6

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.

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Collins Crossing
Rent Specials
$1,182 - $1,802
Total Monthly Price

Total Monthly Price

Base Rent
$1,182 - $1,802

Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 122 Marlowe Ct

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

122 Marlowe Ct

CarrboroNC27510
property at 137 Oak St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Sep 16

137 Oak St, Unit 137 Oak St.

137 Oak St
CarrboroNC27510

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.

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River View
1 to 2 Bedroom Apartments

River View

201 Westbrook DrCarrboro, NC 27510

UNC at Chapel Hill, Chapel Hill, NC Local Guide

Cheapest Available UNC at Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in the UNC at Chapel Hill area of Durham, NC is a 1 Bed unit found at The Ramsey priced from $950. The Villages of Chapel Hill has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here are the most affordable UNC at Chapel Hill apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
The Ramsey1BR/1.0BA1BR,1BA$950
The Villages of Chapel HillThe Westchester - Two Bedroom Townhome2BR,1BA$1,050
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,075
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1,110
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1,115
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,125
Laurel Ridge ApartmentsLaurel1BR,1BA$1,135
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,160
Collins Crossingb10a2BR,1BA$1,182
Link Apartments® LindenA21BR,1BA$1,250

Best Value Apartments for Rent in UNC at Chapel Hill, NC

As of August 26, 2026 the best value apartment in the UNC at Chapel Hill area is the $1.30 price per square foot 7BR/3.0BA Model at 503 N. Greensboro in the in the Triple Crown Estates neighborhood starting from $2,600. The second greatest value UNC at Chapel Hill apartment is the 502 Whitaker Street Model at 502 Whitaker Street, Unit B starting at $1,675 with a $1.12 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for UNC at Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
503 N. Greensboro7BR/3.0BA7BR,3BA$1.30
502 Whitaker Street, Unit B502 Whitaker Street3BR,1BA$1.12
Trinity Court Apartments3x23BR,2BA$1.55
Collins Crossingc20a3BR,2BA$1.57
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.51
Laurel Ridge ApartmentsLaurel1BR,1BA$1.41
Bridges at Chapel HillA21BR,1BA$1.58
The Villages of Chapel HillThe Cambridge - One Bedroom Apartment Home1BR,1BA$1.51
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1.67
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1.93

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lifestyle Ratings

Our team is happy to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across North Carolina including UNC at Chapel Hill, Chapel Hill, and the greater Durham area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap UNC at Chapel Hill Apartments

What is a cheap apartment in UNC at Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in UNC at Chapel Hill is under $1,250.

What is the price of a cheap apartment in UNC at Chapel Hill?

The cheapest apartment in UNC at Chapel Hill is The Ramsey which is listed at $950, while the average apartment in UNC at Chapel Hill costs $1,666.

What types of apartments are the cheapest in UNC at Chapel Hill?

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 163 regular apartments in UNC at Chapel Hill 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 UNC at Chapel Hill?

Cheap apartments in UNC at Chapel Hill have an average cost of $1,151 which is $515 cheaper than the average rent for all rentals in UNC at Chapel Hill.

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

decorative image for Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham article

Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.