6 Shepherd Ln
Chapel HillNC27514
Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,000 (3 Rentals)
Search the lowest-cost Homes 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.
D2 Shepherd Ln
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.
close
View Me
$1,4503 Bedroom Apartments Available Now
1734 Legion Rd, Unit A
1734 Legion RdChapel Hill, NC 27517
Showing Results 1-3, Page 1 of 1
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 | $1,468 | $1,125 | $1,600 |
| University Place 3 Bedroom Homes for Rent | $1,975 | $1,950 | $2,000 |
| University Place 4 Bedroom Homes for Rent | $4,300 | $4,300 | $4,300 |
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.
Explore Chapel Hill
University Place, Chapel Hill, NC Local Guide
- Nearby Chapel Hill neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in University Place, NC
As of May 08, 2026 the best value apartment in the University Place area is the $1.68 price per square foot C4 Model at Cosgrove Hill in the in the South Durham neighborhood starting from $3,417. The second greatest value University Place apartment is the C1 Model at Avana 55Twelve starting at $1,871 with a $1.52 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 | C4 | 3BR,3.5BA | $1.68 |
| Avana 55Twelve | C1 | 3BR,2BA | $1.52 |
| Shortbread Lofts | C1 | 3BR,3BA | $0.94 |
| The Morgan at Chapel Hill | B1 | 2BR,2BA | $1.67 |
| Booker Creek - Students save up to 10%! | Serenity Townhome | 2BR,1.5BA | $1.37 |
| Franklin Woods - Students: Save up to 10%! | Marilyn | 2BR,1.5BA | $1.58 |
| The Apartments at Midtown 501 | A1 | 1BR,1BA | $1.18 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Rise Chapel Hill | A2 Classic | 1BR,1BA | $1.49 |
| Nova Chapel Hill | Redwood | 1BR,1BA | $1.60 |
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.
Read Article
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.
Read ArticleQuick 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.
Let everyone know!
Do you know the University Place area?
If you’re an expert on all things University Place, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleUniversity Place, Chapel Hill, NC
Ranked #3
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 49 Apartments for Rent in University Place, NC with pricing that ranges from $768 to $8,775. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,125 to $4,300.
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 $1,125 to $4,300 with an average monthly rent of $2,581.
How much are larger Three and Four Bedroom Rentals in University Place?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Place range from $1,110 to $8,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $2,000. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $1,095.
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
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.
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.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.