Cheap Homes for Rent in UNC Chapel Hill Neighborhood of Chapel Hill, NC from $600 (17 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 8 Shepherd Ln

8 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.

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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

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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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 $895. Link Apartments® Calyx has the second lowest priced unit, which is a Studio apartment currently listed from $1,036. 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$895
Link Apartments® CalyxS1Studio,1BA$1,036
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,070
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,105
Laurel Ridge ApartmentsLaurel1BR,1BA$1,125

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of December 09, 2025 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 Sycamore Model at Rock Creek Apartments starting at $1,355 with a $1.40 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
Rock Creek ApartmentsSycamore2BR,2BA$1.40
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.50
Morgan ReserveA21BR,1BA$1.83
River View2B2BR,2BA$1.44
Collins Crossingb20b2BR,2BA$1.49
The Reserve at Meadowmont Apartments and TownhomesOne Bedroom with Deck 1BR,1BA$1.81
Union Chapel HillB22BR,2BA$1.87
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio ,1BA$1.73

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

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Pet Friendly Lifestyle
Unc Chapel Hill, Chapel Hill, NC

Ranked #18

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

School data provided by Great Schools

Frequently Asked Questions about UNC Chapel Hill

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

There are currently 89 Apartments for Rent in UNC Chapel Hill, NC with pricing that ranges from $895 to $7,236. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in UNC Chapel Hill ranging from $600 to $6,950.

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 $600 to $6,950 with an average monthly rent of $3,444.

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 $1,110 to $6,643, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,095.

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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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.

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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.