Cheap Homes for Rent in Hillsborough, NC from $500 (16 Rentals)

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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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Hillsborough, NC Local Guide

Cheapest Available Hillsborough Apartments for Rent

 

The cheapest available apartment rental in Hillsborough, NC is a 1 Bed unit found at Willowdaile in the Downtown Durham neighborhood priced from $910. ReNew West Durham in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $914. Here is today’s list of the most affordable Hillsborough apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willowdaile11S1BR,1BA$910
ReNew West DurhamAugusta1BR,1BA$914
Duke Manor- Students save up to 10%!Arthur1BR,1BA$940
Crystal VillageEmerald1BR,1BA$949
Chapel Tower - Students save up to 10%!Morreene1BR,1BA$950

Best Value Apartments for Rent in Hillsborough, NC

As of May 24, 2026 the best value apartment in the Hillsborough area is the $1.35 price per square foot 3BR Model at Heritage Apartments in the in the Kenion Grove neighborhood starting from $1,705. The second greatest value Hillsborough apartment is the The Remodeled Willow Model at Arrowhead Apartments starting at $1,709 with a $1.46 price per square foot in the Fieldstone Farms neighborhood. Here is today’s list of the best values for Hillsborough apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Apartments3BR3BR,2BA$1.35
Arrowhead ApartmentsThe Remodeled Willow2BR,2BA$1.46
Pinewood StationC23BR,2BA$1.51
The Apartments at Midtown 501A11BR,1BA$1.40
West Village Apartments3 bedroom Traditional3BR,2BA$1.47
Trinity Properties - Campus Walk2 bedroom/1 bath2BR,1BA$1.47
Element at CreeksideOne Bedroom1BR,1BA$1.47
Carden Place Apartment HomesOne Bedroom - 784 sqft1BR,1BA$1.41
Rise Chapel HillA2 Classic1BR,1BA$1.49
Crystal VillageEmerald1BR,1BA$1.51

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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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Hillsborough

What type of rentals are currently available in Hillsborough?

There are currently 56 Apartments for Rent in Hillsborough, NC with pricing that ranges from $890 to $8,909. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hillsborough ranging from $525 to $4,500.

What is the current price range for Rental Homes in Hillsborough?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hillsborough ranges from $525 to $4,500 with an average monthly rent of $2,587.

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

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Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.

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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.

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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.

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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.