Cheap Homes for Rent in UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (12 Rentals)

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

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.

property at 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514
property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516

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.

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 1 Bed unit found at The Villages of Chapel Hill priced from $1,076. Estes Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable UNC Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
The Villages of Chapel HillA21BR,1BA$1,076
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$1,125
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,145
Collins Crossingb10a2BR,1BA$1,167
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,200

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of June 18, 2025 the best value apartment in the UNC Chapel Hill area is the $1.41 price per square foot A3 Model at The Villages of Chapel Hill in the in the Lafayette neighborhood starting from $1,317. The second greatest value UNC Chapel Hill apartment is the Columbia Model at Laurel Ridge Apartments starting at $1,240 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.
The Villages of Chapel HillA31BR,1.5BA$1.41
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
106 Fidelity/109 W Poplar2BR/1.0BA2BR,1BA$1.67
Glen Lennox Apartments2 Bedroom 1 Bath B2BR,1BA$1.67
Collins Crossingb20b2BR,2BA$1.53
Union Chapel HillB22BR,2BA$1.74
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.66
Morgan ReserveA11BR,1BA$2.06
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$2.08

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Frequently Asked Questions about UNC Chapel Hill

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

There are currently 87 Apartments for Rent in UNC Chapel Hill, NC with pricing that ranges from $958 to $6,121. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in UNC Chapel Hill ranging from $725 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 $725 to $6,950 with an average monthly rent of $3,281.

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 $1,240 to $6,121, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $2,750. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $1,225.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.