8 Shepherd Ln
Chapel HillNC27514
Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the University Place area of Chapel Hill.
8 Shepherd Ln
Chapel HillNC27514
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54 Davie Cir
Chapel HillNC27514
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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1513 E Franklin St, Unit 123
1513 E Franklin St
Chapel HillNC27514
220 Elizabeth St
Chapel HillNC27514
113 Conner Dr
Chapel HillNC27514
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.
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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 | $1,573 | $1,500 | $1,650 |
| University Place 3 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
| University Place 6 Bedroom Homes for Rent | $3,475 | $3,475 | $3,475 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Chapel Hill, NC.
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University Place, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
- Nearby Cities
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Cheapest Available University Place Apartments for Rent
The cheapest available apartment rental in the University Place area of Chapel Hill, NC is a 1 Bed unit found at Shadowood priced from $834. Link Apartments® Calyx has the second lowest priced unit, which is a Studio apartment currently listed from $1,036. Here are the most affordable University Place apartments for rent in Chapel Hill, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shadowood | The Oak | 1BR,1BA | $834 |
| Link Apartments® Calyx | S1 | Studio,1BA | $1,036 |
| Nova Chapel Hill | Redwood | 1BR,1BA | $1,105 |
Best Value Apartments for Rent in University Place, NC
As of December 11, 2025 the best value apartment in the University Place 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 University Place apartment is the B1 Model at Kelby Farms starting at $1,667 with a $1.47 price per square foot in the Downtown Durham 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. |
|---|---|---|---|
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| Kelby Farms | B1 | 2BR,2BA | $1.47 |
| Booker Creek - Students save up to 10%! | Serenity at Booker Creek | 2BR,1.5BA | $1.49 |
| Franklin Woods - Students: Save up to 10%! | Marilyn | 2BR,1.5BA | $1.58 |
| Avana 55Twelve | A2 | 1BR,1BA | $1.46 |
| Laurel Ridge Apartments | Laurel | 1BR,1BA | $1.40 |
| Shadowood | The Cypress Townhome | 1BR,1BA | $1.57 |
| Glen Lennox Apartments | 2 Bedroom 1 Bath A | 2BR,1BA | $1.47 |
| Rise Chapel Hill | A1 Classic | 1BR,1BA | $1.63 |
| Nova Chapel Hill | Redwood | 1BR,1BA | $1.65 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleUniversity Place, Chapel Hill, NC
Ranked #4
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about University Place
What type of rentals are currently available in University Place?
There are currently 48 Apartments for Rent in University Place, NC with pricing that ranges from $985 to $7,236. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,200 to $3,475.
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 $1,200 to $3,475 with an average monthly rent of $2,216.
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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.