Cheap Apartments for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (35 Rentals)

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

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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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
property at 8 Shepherd Ln

8 Shepherd Ln

Chapel HillNC27514

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.

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property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516
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612 Hillsborough
2 Bedroom Apartments

612 Hillsborough

612 Hillsborough StChapel Hill, NC 27514
  • Utilities Included
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Morgan Reserve
1 to 2 Bedroom Apartments

Morgan Reserve

5205 Barbee Chapel RdChapel Hill, NC 27517

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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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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Showing Results 1-35, Page 1 of 1

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. Glen Lennox Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,024. 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
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1,024
Estes ParkGrove at Estes Park1BR,1BA$1,025
Link Apartments® CalyxS1Studio,1BA$1,025
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,070
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,135
River View2B2BR,2BA$1,145
Laurel Ridge ApartmentsColumbia2BR,1BA$1,240
Collins Crossingb10a2BR,1BA$1,249
Rock Creek ApartmentsSycamore2BR,2BA$1,300

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of October 24, 2025 the best value apartment in the UNC Chapel Hill area is the $0.78 price per square foot C4 Model at Shortbread Lofts in the in the Triple Crown Estates neighborhood starting from $1,065. 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 LoftsC43BR,3BA$0.78
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
Rock Creek ApartmentsSycamore2BR,2BA$1.35
The Wilson ApartmentsThe Carolina3BR,1BA$1.83
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
Morgan ReserveA21BR,1BA$1.77
River View2B2BR,2BA$1.27
Collins Crossingb20b2BR,2BA$1.49
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1.78
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio ,1BA$1.73

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick Rent Budget Calculator

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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Pet Friendly Lifestyle
Unc Chapel Hill, Chapel Hill, NC

Ranked #17

Among cities in North Carolina 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 $1,300.

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

The cheapest apartment in UNC Chapel Hill is Glen Lennox Apartments which is listed at $1,024, while the average apartment in UNC Chapel Hill costs $1,819.

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 56 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 $745 which is $1,074 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.