220 Elizabeth St
Chapel HillNC27514
Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the University Place area of Chapel Hill.
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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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.
108 Ephesus Church Rd
Chapel HillNC27517
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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 | $1,706 | $1,545 | $1,799 |
| University Place 3 Bedroom Homes for Rent | $2,575 | $2,550 | $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 3 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
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Best Value Apartments for Rent in University Place, NC
As of September 09, 2025 the best value apartment in the University Place area is the $1.61 price per square foot B6 Model at Cosgrove Hill in the in the South Durham neighborhood starting from $2,241. The second greatest value University Place apartment is the C1 Model at Avana 55Twelve starting at $1,779 with a $1.45 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. |
|---|---|---|---|
| Cosgrove Hill | B6 | 2BR,2BA | $1.61 |
| Avana 55Twelve | C1 | 3BR,2BA | $1.45 |
| Kelby Farms | B1 | 2BR,2BA | $1.66 |
| The Reserve at Meadowmont Apartments and Townhomes | Two Bedroom One Bath | 2BR,1BA | $1.69 |
| Laurel Ridge Apartments | Rosemary | 2BR,1.5BA | $1.30 |
| Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.65 |
| Nova Chapel Hill | Redwood | 1BR,1BA | $1.48 |
| PineGate - Students save up to 10%! | Cypress | 1BR,1BA | $1.73 |
| Glen Lennox Apartments | 1 Bedroom 1 Bath A | 1BR,1BA | $1.65 |
| Shadowood | The Oak | 1BR,1BA | $1.70 |
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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 45 Apartments for Rent in University Place, NC with pricing that ranges from $950 to $12,510. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,545 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 $1,545 to $3,475 with an average monthly rent of $2,585.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.