
Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,000 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the University Place area of Chapel Hill.


130 S Estes Dr
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.

1002 Willow Dr, Unit 67 Willow Terrace

1002 Willow Dr
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.
University Place, Chapel Hill, NC Local Guide

How much does it cost to rent a home in University Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Place 2 Bedroom Homes for Rent | $1,508 | $1,350 | $1,690 |
University Place 4 Bedroom Homes for Rent | $4,995 | $4,995 | $4,995 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Chapel Hill, NC.
Explore Chapel Hill
University Place, Chapel Hill, NC Local Guide
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Best Value Apartments for Rent in University Place, NC
As of June 22, 2025 the best value apartment in the University Place area is the $1.78 price per square foot B1 Model at Cosgrove Hill in the in the South Durham neighborhood starting from $2,102. The second greatest value University Place apartment is the Two Bedroom One Bath & Sunroom Model at The Reserve at Meadowmont Apartments and Townhomes starting at $1,920 with a $1.69 price per square foot in the Downing Creek neighborhood. Here is today’s list of the best values for University Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cosgrove Hill | B1 | 2BR,2BA | $1.78 |
The Reserve at Meadowmont Apartments and Townhomes | Two Bedroom One Bath & Sunroom | 2BR,1BA | $1.69 |
Notting Hill | Essex | 2BR,2BA | $1.28 |
Avana 55Twelve | B2 | 2BR,2BA | $1.53 |
LYV Chapel Hill | B1 | 2BR,2BA | $1.51 |
Nova Chapel Hill | Spruce Renovated | 2BR,2BA | $1.64 |
Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.35 |
Sunstone Apartments | The Emerald | 1BR,1BA | $1.44 |
Union Chapel Hill | B2 | 2BR,2BA | $1.74 |
Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.63 |
Quick Rent Budget Calculator
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Frequently Asked Questions about University Place
What type of rentals are currently available in University Place?
There are currently 44 Apartments for Rent in University Place, NC with pricing that ranges from $1,000 to $7,442. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,095 to $4,995.
What is the current price range for Rental Homes in University Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Place ranges from $1,095 to $4,995 with an average monthly rent of $2,532.
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.

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.

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.

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.

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.