Cheap Homes for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $500 (16 Rentals)

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

property at 108 Pine St

$550 - $700

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $700

Total Monthly Price
$550 - $700

1 Bedroom, 1 Bath Home for Rent

Available Now

108 Pine St

CarrboroNC27510
property at 303 Smith Level Rd

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd, Unit A23

303 Smith Level Rd
Chapel HillNC27516
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.

property at 1002 Willow Dr

$1,200 - $1,600

1 To 2 Bedroom Rentals

Available Now

1002 Willow Dr

Chapel HillNC27514
property at 500 Umstead Dr

$1,250 - $1,325

2 To 3 Bedroom Rentals

Available Now

500 Umstead Dr

Chapel HillNC27516

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's 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 The Villages of Chapel Hill priced from $1,050. 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 Westchester - Two Bedroom Townhome2BR,1BA$1,050
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,060
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1,093
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1,120
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,130

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of August 08, 2026 the best value apartment in the UNC Chapel Hill area is the $1.39 price per square foot Kenan Model at Laurel Ridge Apartments in the in the Lafayette neighborhood starting from $1,755. The second greatest value UNC Chapel Hill apartment is the 4x2 Model at Boho on Bim Street starting at $2,330 with a $1.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Laurel Ridge ApartmentsKenan3BR,2BA$1.39
Boho on Bim Street4x24BR,2BA$1.94
Cedar Court2 Beds, 1.5 Baths2BR,1.5BA$1.51
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
Collins Crossingb20b2BR,2BA$1.47
Bridges at Chapel HillA21BR,1BA$1.59
Trinity Court Apartments1x11BR,1BA$1.67
The Villages of Chapel HillNCVCH A1 1x1 725sqft - Cambridge1BR,1BA$1.51
Kingswood - Students save up to 10%!Blue Devil2BR,1BA$1.68
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1.90

Frequently Asked Questions about UNC Chapel Hill

What type of rentals are currently available in UNC Chapel Hill?

There are currently 98 Apartments for Rent in UNC Chapel Hill, NC with pricing that ranges from $800 to $6,107. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in UNC Chapel Hill ranging from $550 to $3,900.

What is the current price range for Rental Homes in UNC Chapel Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in UNC Chapel Hill ranges from $550 to $3,900 with an average monthly rent of $1,993.

How much are larger Three and Four Bedroom Rentals in UNC Chapel Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in UNC Chapel Hill range from $1,395 to $6,107, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,450. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,310.

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

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 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.