
Cheap Homes for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the UNC Chapel Hill area of Chapel Hill.


303 Smith Level Rd, Unit A23

303 Smith Level Rd, Unit 32

250 S Estes Dr, Unit 80

210 Purefoy Rd
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.

7 Shepherd Ln

1002 Willow Dr

500 Umstead Dr

700 N Greensboro St

180 Summerwalk Cir
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.

143 Brookberry Cir

506 N Greensboro St

118 Chaucer Ct

875 M.L.K. Jr Blvd

222 Ransom St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

529 Hillsborough St
UNC Chapel Hill, Chapel Hill, NC Local Guide

How much does it cost to rent a home in UNC Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| UNC Chapel Hill 2 Bedroom Homes for Rent | $1,805 | $1,250 | $2,700 |
| UNC Chapel Hill 3 Bedroom Homes for Rent | $2,197 | $1,695 | $3,450 |
| UNC Chapel Hill 4 Bedroom Homes for Rent | $3,043 | $1,700 | $3,900 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the UNC Chapel Hill Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villages of Chapel Hill | The Westchester - Two Bedroom Townhome | 2BR,1BA | $1,050 |
| Estes Park - Students Save Up To 10%! | Grove at Estes Park | 1BR,1BA | $1,060 |
| Glen Lennox Apartments | 1 Bedroom 1 Bath A | 1BR,1BA | $1,093 |
| Kingswood - Students save up to 10%! | Blue Devil | 2BR,1BA | $1,120 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Laurel Ridge Apartments | Kenan | 3BR,2BA | $1.39 |
| Boho on Bim Street | 4x2 | 4BR,2BA | $1.94 |
| Cedar Court | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.51 |
| The Wilson Apartments | Inviting 3 Bedroom Apartment in the Heart of Ca... | 3BR,1BA | $1.72 |
| Collins Crossing | b20b | 2BR,2BA | $1.47 |
| Bridges at Chapel Hill | A2 | 1BR,1BA | $1.59 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| The Villages of Chapel Hill | NCVCH A1 1x1 725sqft - Cambridge | 1BR,1BA | $1.51 |
| Kingswood - Students save up to 10%! | Blue Devil | 2BR,1BA | $1.68 |
| Glen Lennox Apartments | 1 Bedroom 1 Bath A | 1BR,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

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.

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.

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.

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.