Cheap Apartments for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (33 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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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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The Morgan at Chapel Hill
Rent Specials
$1,210 - $2,258
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $2,197
Required Monthly Fees
$61

Total Monthly Price
$1,210 - $2,258
1 to 3 Bedroom Apartments Available Now

The Morgan at Chapel Hill

100 Spring Meadow DrChapel Hill, NC 27517
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 7 Shepherd Ln

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

7 Shepherd Ln, Unit 1

7 Shepherd Ln
Chapel HillNC27514

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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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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included

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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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Collins Crossing
Rent Specials
$1,180 - $1,870
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,839
Required Monthly Fees
$31

Total Monthly Price
$1,180 - $1,870
2 to 3 Bedroom Apartments Available Now

Collins Crossing

501 Jones Ferry RdCarrboro, NC 27510
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Bridges at Chapel Hill
Rent Specials
$1,231 - $1,661
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,629
Required Monthly Fees
$32

Total Monthly Price
$1,231 - $1,661
1 to 2 Bedroom Apartments Available Now

Bridges at Chapel Hill

142 BPW Club RdCarrboro, NC 27510
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 Studio unit found at The Villages of Chapel Hill priced from $958. Estes Park - Students Save Up To 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,060. Here are the most affordable UNC Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio,1BA$958
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,060
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,080
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,090
River View1A1BR,1BA$1,095
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1,142
Link Apartments® CalyxA1-A1BR,1BA$1,160
Collins Crossingb10a2BR,1BA$1,180
Bridges at Chapel HillA21BR,1BA$1,231

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of March 09, 2026 the best value apartment in the UNC Chapel Hill 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 UNC Chapel Hill 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 UNC Chapel Hill 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
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.45
Collins Crossingb20b2BR,2BA$1.45
The Morgan at Chapel HillA21BR,1BA$1.79
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1.60
River View1A1BR,1BA$1.66
The Villages of Chapel HillThe Brighton - Cozy Studio Apartment HomeStudio ,1BA$1.67
101 Woodcrest Dr, Unit B101 Woodcrest Dr1BR,1BA$1.60

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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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 the Cheapest Studio apartment in UNC Chapel Hill?

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

How much is rent for a Cheap One Bedroom UNC Chapel Hill Apartment?

The lowest price for a Cheap One Bedroom UNC Chapel Hill Apartment is $1,060 at Estes Park - Students Save Up To 10%!.

What is the lowest price for a Cheap Two Bedroom UNC Chapel Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in UNC Chapel Hill is starting from $1,125 at The Villages of Chapel Hill.

What is the most affordable UNC Chapel Hill Three Bedroom Apartment?

The best deal on a cheap UNC Chapel Hill Three Bedroom Apartment rental is at The Wilson Apartments and starts from $1,595.

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.