Cheap Homes for Rent in UNC Chapel Hill Neighborhood of Chapel Hill, NC from $700 (9 Rentals)

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

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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.

property at 8 Shepherd Ln

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

8 Shepherd Ln

Chapel HillNC27514

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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.

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. Royal Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. 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
Royal Park - Students save up to 10%!Monarch1BR,1BA$1,020
Glen Lennox Apartments2 Bedroom 1 Bath A2BR,1BA$1,066

Best Value Apartments for Rent in UNC Chapel Hill, NC

As of January 23, 2026 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 c20a Model at Collins Crossing starting at $1,783 with a $1.55 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.
Shortbread LoftsC13BR,3BA$0.94
Collins Crossingc20a3BR,2BA$1.55
Laurel Ridge ApartmentsRosemary2BR,1.5BA$1.35
The Wilson ApartmentsInviting 3 Bedroom Apartment in the Heart of Ca...3BR,1BA$1.72
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.46
Morgan ReserveA21BR,1BA$1.82
River View2B2BR,2BA$1.42
The Morgan at Chapel HillA11BR,1BA$1.91
Glen Lennox Apartments1 Bedroom 1 Bath A1BR,1BA$1.88
The Villages of Chapel HillThe Brighton - DELUXE Studio Apartment HomeStudio ,1BA$1.73

Frequently Asked Questions about UNC Chapel Hill

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

There are currently 91 Apartments for Rent in UNC Chapel Hill, NC with pricing that ranges from $958 to $7,236. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in UNC Chapel Hill ranging from $740 to $6,750.

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 $740 to $6,750 with an average monthly rent of $3,387.

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 $6,377, 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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.