Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,000 (4 Rentals)

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

property at 130 S Estes Dr

130 S Estes 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.

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cosgrove HillB12BR,2BA$1.78
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom One Bath & Sunroom 2BR,1BA$1.69
Notting HillEssex2BR,2BA$1.28
Avana 55TwelveB22BR,2BA$1.53
LYV Chapel HillB12BR,2BA$1.51
Nova Chapel HillSpruce Renovated2BR,2BA$1.64
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Sunstone ApartmentsThe Emerald1BR,1BA$1.44
Union Chapel HillB22BR,2BA$1.74
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.63

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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.

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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.

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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.

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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.

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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.