Cheap Homes for Rent in the UNC Chapel Hill Neighborhood of Chapel Hill, NC from $550 (8 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

Total Monthly Price

Base Rent$550

Total Monthly Price$550
1 Bedroom, 1 Bath Home for Rent
Available Now

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510
property at 303 Smith Level Rd
$625

Total Monthly Price

Base Rent$625

Total Monthly Price$625
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

303 Smith Level Rd

Chapel HillNC27516
  • Smoke Free
property at 303 Smith Level Rd
$800

Total Monthly Price

Base Rent$800

Total Monthly Price$800
1 Bedroom, 1 Bath Condo for Rent
Available Jul 1, 2027
Furnished

303 Smith Level Rd, Unit 32

303 Smith Level Rd
Chapel HillNC27516
  • Smoke Free

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 1001 Kingswood Dr
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 Bedroom, 1 Bath Condo for Rent
Available Now

1001 Kingswood Dr, Unit I

1001 Kingswood Dr
Chapel HillNC27517

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.

UNC Chapel Hill, Chapel Hill, NC Local Guide

Best Value Homes for Rent in UNC Chapel Hill, NC

As of September 22, 2026 the best value rental home in the UNC Chapel Hill area is the $1.99 price per square foot 311 Columbia Pl E Model at 311 Columbia Pl E in the Triple Crown Estates neighborhood starting from $5,000. The second greatest value UNC Chapel Hill rental home is the Room in Single Family Home on Hillsborough St Model at Room in Single Family Home on Hillsborough St in the Triple Crown Estates neighborhood starting at $705 with a $0.39 price per square foot. Here is today’s list of the best values for UNC Chapel Hill homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
311 Columbia Pl E311 Columbia Pl E3BR, 3BA$1.99
Room in Single Family Home on Hillsborough StRoom in Single Family Home on Hillsborough St1BR, 1BA$0.39
1005 Kingswood Dr1005 Kingswood Dr2BR, 2BA$2.02
404 Pittsboro, Unit 1404 Pittsboro2BR, 1BA$2.82
1001 Kingswood Dr, Unit I1001 Kingswood Dr1BR, 1BA$1.58
303 Smith Level Rd303 Smith Level Rd1BR, 1BA$5.00
108 Pine St, Unit 6108 Pine St1BR, 1BA$4.58

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Unc Chapel Hill, Chapel Hill, NC

Ranked #16

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 96 Apartments for Rent in UNC Chapel Hill, NC with pricing that ranges from $800 to $5,961. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in UNC Chapel Hill ranging from $550 to $5,000.

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 $5,000 with an average monthly rent of $1,831.

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 $1,095 to $5,961, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,295.

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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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 How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.