250 S Estes Dr, Unit 80
250 S Estes Dr
Chapel HillNC27514
Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,100 (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.
1002 Willow Dr
Chapel HillNC27514
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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 | $1,529 | $1,125 | $1,800 |
| University Place 3 Bedroom Homes for Rent | $1,883 | $1,800 | $1,950 |
| University Place 4 Bedroom Homes for Rent | $3,450 | $3,000 | $3,900 |
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
- Nearby Chapel Hill neighborhoods
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Best Value Apartments for Rent in University Place, NC
As of June 22, 2026 the best value apartment in the University Place area is the $1.57 price per square foot C1 Model at Avana 55Twelve in the in the Downtown Durham neighborhood starting from $1,931. The second greatest value University Place apartment is the Two Bedroom Two Bath Model at The Reserve at Meadowmont Apartments and Townhomes starting at $1,921 with a $1.58 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. |
|---|---|---|---|
| Avana 55Twelve | C1 | 3BR,2BA | $1.57 |
| The Reserve at Meadowmont Apartments and Townhomes | Two Bedroom Two Bath | 2BR,2BA | $1.58 |
| Dobbins Hill Apartment Homes | 3 Bedroom 2 Bath | 3BR,2BA | $1.53 |
| Sagebrook of Chapel Hill | Manning | 2BR,2BA | $1.29 |
| The Apartments at Midtown 501 | A1 | 1BR,1BA | $1.38 |
| Laurel Ridge Apartments | Columbia | 2BR,1BA | $1.39 |
| Sunstone Apartments | The Jade | 2BR,1BA | $1.61 |
| Notting Hill | Shelley | 1BR,1BA | $1.51 |
| Trinity Court Apartments | 1x1 | 1BR,1BA | $1.67 |
| Shadowood | The Oak | 1BR,1BA | $1.64 |
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.
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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 50 Apartments for Rent in University Place, NC with pricing that ranges from $965 to $7,751. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,100 to $3,900.
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 $1,100 to $3,900 with an average monthly rent of $2,015.
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 $1,140 to $7,751, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $1,950. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $1,140.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.