Cheap Apartments for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (24 Rentals)

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

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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.

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514
property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516

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UNC Chapel Hill, Chapel Hill, NC Local Guide

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 1 Bed unit found at The Villages of Chapel Hill priced from $1,076. Estes Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable UNC Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
The Villages of Chapel HillA21BR,1BA$1,076
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$1,125
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,145
Collins Crossingb10a2BR,1BA$1,167
Link Apartments® CalyxS1Studio,1BA$1,187

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of June 17, 2025 the best value apartment in the UNC Chapel Hill area is the $1.93 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 $2,035. The second greatest value UNC Chapel Hill apartment is the A3 Model at The Villages of Chapel Hill starting at $1,317 with a $1.41 price per square foot in the Lafayette neighborhood. Here is today’s list of the best values for UNC Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom One Bath 2BR,1BA$1.93
The Villages of Chapel HillA31BR,1.5BA$1.41
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
106 Fidelity/109 W Poplar2BR/1.0BA2BR,1BA$1.67
Glen Lennox Apartments2 Bedroom 1 Bath B2BR,1BA$1.67
Collins Crossingb20b2BR,2BA$1.53
Union Chapel HillB22BR,2BA$1.74
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.68
The Morgan at Chapel HillA11BR,1BA$1.88

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Unc Chapel Hill, Chapel Hill, NC

Ranked #9

Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Unc Chapel Hill, Chapel Hill, NC

School data provided by Great Schools

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!

Getting Around the UNC Chapel Hill Neighborhood in Chapel Hill, NC

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

54 / 100

Good Transit

Many 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 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 $1,325.

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

The cheapest apartment in UNC Chapel Hill is The Villages of Chapel Hill which is listed at $1,076, while the average apartment in UNC Chapel Hill costs $2,042.

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 48 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 $648 which is $1,394 cheaper than the average rent for all rentals in UNC Chapel Hill.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.