Cheap Apartments for Rent in the University Place Neighborhood of Chapel Hill, NC from $400 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Place area of Chapel Hill.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Notting Hill
Rent Specials
$1,399 - $5,622
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $5,622
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Notting Hill

100 Drew Hill LnChapel Hill, NC 27514
Student Housing
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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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Avana 55Twelve
Rent Specials
$1,261 - $6,007
Total Monthly Price

Total Monthly Price

Base Rent
$1,261 - $6,007
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Avana 55Twelve

5512 Sunlight DrDurham, NC 27707
Outdoors
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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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University Place, Chapel Hill, NC Local Guide

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in the University Place area of Chapel Hill, NC is a 2 Beds unit found at Trinity Court Apartments priced from $884. Estes Park - Students Save Up To 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,065. Here are the most affordable University Place apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Trinity Court Apartments2x12BR,1BA$884
Estes Park - Students Save Up To 10%!Grove at Estes Park1BR,1BA$1,065
Nova Chapel HillRedwood1BR,1BA$1,085
Laurel Ridge ApartmentsLaurel1BR,1BA$1,135
Rise Chapel HillA1 Classic1BR,1BA$1,140

Best Value Apartments for Rent in University Place, NC

As of June 01, 2026 the best value apartment in the University Place area is the $1.54 price per square foot C1 Model at Avana 55Twelve in the in the Downtown Durham neighborhood starting from $1,900. The second greatest value University Place apartment is the Surrey Model at Notting Hill starting at $1,846 with a $1.55 price per square foot in the South Durham neighborhood. Here is today’s list of the best values for University Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avana 55TwelveC13BR,2BA$1.54
Notting HillSurrey2BR,2BA$1.55
Dobbins Hill Apartment Homes3 Bedroom 2 Bath3BR,2BA$1.54
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom One Bath 2BR,1BA$1.68
Franklin Woods - Students: Save up to 10%!Marilyn2BR,1.5BA$1.66
The Apartments at Midtown 501A11BR,1BA$1.45
Laurel Ridge ApartmentsLaurel1BR,1BA$1.41
Trinity Court Apartments1x11BR,1BA$1.47
Glen Lennox North2 Bedroom 1 Bath A2BR,1BA$1.59
Rise Chapel HillA1 Classic1BR,1BA$1.63

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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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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Quick Rent Budget Calculator

How much rent can you afford?

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
University Place, Chapel Hill, NC

Ranked #3

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 Cheap University Place Apartments

What is a cheap apartment in University Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Place is under $1,261.

What is the price of a cheap apartment in University Place?

The cheapest apartment in University Place is Estes Park - Students Save Up To 10%! which is listed at $1,065, while the average apartment in University Place costs $4,500.

What types of apartments are the cheapest in University Place?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 266 regular apartments in University Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in University Place?

Cheap apartments in University Place have an average cost of $1,806 which is $2,694 cheaper than the average rent for all rentals in University Place.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.