303 Smith Level Rd
Chapel HillNC27516
Cheap Apartments for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the UNC Chapel Hill area of Chapel Hill.
303 Smith Level Rd, Unit E23
303 Smith Level Rd
Chapel HillNC27516
303 Smith Level Rd, Unit 32
303 Smith Level Rd
Chapel HillNC27516
303 Smith Level Rd, Unit D24 - C
303 Smith Level Rd
Chapel HillNC27516
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Rent Specials
$884 - $2,0861 to 3 Bedroom Apartments Available Now
Trinity Court Apartments
751 Trinity CtChapel Hill, NC 27516
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$1,111 - $4,0361 to 3 Bedroom Apartments Available Jun 25
Glen Lennox North
140 Hamilton RdChapel Hill, NC 27517
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Rent Specials
$1,135 - $1,9951 to 3 Bedroom Apartments Available Now
Laurel Ridge Apartments
1100 W Highway 54 BypChapel Hill, NC 27516
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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Rent Specials
$1,147 - $4,262Studio to 2 Bedroom Apartments Available Now
Link Apartments® Calyx
55 Maxwell RdChapel Hill, NC 27517
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Rent Specials
$1,220 - $1,8851 to 2 Bedroom Apartments Available Now
Kingswood - Students save up to 10%!
1105 Highway 54 BypassChapel Hill, NC 27516
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$1,255 - $2,246
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,255 - $2,246
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The Morgan at Chapel Hill
100 Spring Meadow DrChapel Hill, NC 27517
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Studio Apartments
Trustee Corner
115 N Merritt Mill RdChapel Hill, NC 27516
210 Purefoy Rd
Chapel HillNC27514
112 Purefoy Rd
Chapel HillNC27514
6 Shepherd Ln
Chapel HillNC27514
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.
D2 Shepherd Ln
Chapel HillNC27514
500 Umstead Dr
Chapel HillNC27516
108 Pine St, Unit 6
108 Pine St
CarrboroNC27510
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Rent Specials
$958 - $1,600Studio to 3 Bedroom Apartments Available Now
The Villages of Chapel Hill
500 Smith Level RdCarrboro, NC 27510
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Rent Specials
$1,065 - $1,5501 to 2 Bedroom Apartments Available Now
Estes Park - Students Save Up To 10%!
306 Estes DrCarrboro, NC 27510
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Rent Specials
$1,085 - $1,7601 to 2 Bedroom Apartments Available Now
Royal Park - Students save up to 10%!
501 Highway 54Carrboro, NC 27510
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$1,0901 Bedroom Apartments Contact Us For Availability
University Lake
200 Barnes StCarrboro, NC 27510
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.
1205 N Greensboro St
CarrboroNC27510
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Rent Specials
$1,099 - $1,4451 to 2 Bedroom Apartments Available Now
River View
201 Westbrook DrCarrboro, NC 27510
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$1,130 - $1,6301 to 2 Bedroom Apartments Available Jun 20
Rock Creek Apartments
100 Rock Haven RdCarrboro, NC 27510
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$1,164 - $2,158
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,164 - $2,158
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Bridges at Chapel Hill
142 BPW Club RdCarrboro, NC 27510
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$1,189 - $1,391
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2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,189 - $1,391
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Collins Crossing
501 Jones Ferry RdCarrboro, NC 27510
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Rent Specials
$1,195 - $1,6851 Bedroom Apartments Available Now
Ridgewood - Students save up to 10%!
404 Jones Ferry RdCarrboro, NC 27510
106 Pleasant Dr
CarrboroNC27510
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Showing Results 1-28, Page 1 of 1
UNC Chapel Hill, Chapel Hill, NC Local Guide
How much does it cost to rent an apartment in UNC Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| UNC Chapel Hill Studio Apartments | $1,529 | $958 | $3,278 |
| UNC Chapel Hill 1 Bedroom Apartments | $1,610 | $1,065 | $3,688 |
| UNC Chapel Hill 2 Bedroom Apartments | $1,918 | $884 | $4,868 |
| UNC Chapel Hill 3 Bedroom Apartments | $3,071 | $1,129 | $7,731 |
| UNC Chapel Hill 4 Bedroom Apartments | $2,559 | $1,140 | $7,236 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the UNC Chapel Hill Neighborhood of Chapel Hill, NC.
See all Apartments in Chapel HillExplore Chapel Hill
UNC Chapel Hill, Chapel Hill, NC Local Guide
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Cheapest Available UNC Chapel Hill Apartments for Rent
The cheapest available apartment rental in the UNC Chapel Hill area of Chapel Hill, NC is a 2 Beds unit found at Trinity Court Apartments priced from $884. The Villages of Chapel Hill has the second lowest priced unit, which is a Studio apartment currently listed from $958. Here are the most affordable UNC Chapel Hill apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trinity Court Apartments | 2x1 | 2BR,1BA | $884 |
| The Villages of Chapel Hill | The Brighton - Cozy Studio Apartment Home | Studio,1BA | $958 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,065 |
| River View | 1A | 1BR,1BA | $1,099 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $1,125 |
| Link Apartments® Calyx | S1 | Studio,1BA | $1,155 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $1,160 |
| Bridges at Chapel Hill | A1 | 1BR,1BA | $1,164 |
| Collins Crossing | b10a | 2BR,1BA | $1,189 |
| Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1,220 |
Best Value Apartments for Rent in UNC Chapel Hill, NC
As of June 08, 2026 the best value apartment in the UNC Chapel Hill area is the $1.76 price per square foot Two Bedroom One Bath Model at The Reserve at Meadowmont Apartments and Townhomes in the in the Downing Creek neighborhood starting from $1,853. The second greatest value UNC Chapel Hill apartment is the 2x1 Model at Boho on Bim Street starting at $1,795 with a $1.80 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for UNC Chapel Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve at Meadowmont Apartments and Townhomes | Two Bedroom One Bath | 2BR,1BA | $1.76 |
| Boho on Bim Street | 2x1 | 2BR,1BA | $1.80 |
| The Wilson Apartments | Inviting 3 Bedroom Apartment in the Heart of Ca... | 3BR,1BA | $1.72 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.44 |
| Morgan Reserve | A5 | 1BR,1BA | $1.88 |
| Collins Crossing | b20b | 2BR,2BA | $1.46 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.47 |
| River View | 1A | 1BR,1BA | $1.67 |
| The Villages of Chapel Hill | The Brighton - Cozy Studio Apartment Home | Studio ,1BA | $1.67 |
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
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in areas across the United States including UNC Chapel Hill, Chapel Hill, and the greater Chapel Hill area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap UNC Chapel Hill Apartments
What is a cheap apartment in UNC Chapel Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in UNC Chapel Hill is under $1,220.
What is the price of a cheap apartment in UNC Chapel Hill?
The cheapest apartment in UNC Chapel Hill is Estes Park - Students Save Up To 10%! which is listed at $1,065, while the average apartment in UNC Chapel Hill costs $4,000.
What types of apartments are the cheapest in UNC 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 72 regular apartments in UNC 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 Chapel Hill?
Cheap apartments in UNC Chapel Hill have an average cost of $1,498 which is $2,502 cheaper than the average rent for all rentals in UNC 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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.