Cheap Apartments for Rent in Prospect Hill, NC from $500 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect Hill.

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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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May Hosiery Lofts
Rent Specials
$1,055 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$940 - $1,680
Required Monthly Fees
$115

Total Monthly Price
$1,055 - $1,795
1 to 2 Bedroom Apartments Available Now

May Hosiery Lofts

144 4th StBurlington, NC 27215
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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Heritage Apartments
Rent Specials
$1,115 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$996 - $1,580
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Heritage Apartments

405 Thomas Burke DrHillsborough, NC 27278
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  • Customer Reviewed
  • 3D Tour

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Elevate 54
Rent Specials
$1,160 - $2,041
Total Monthly Price

Total Monthly Price

Base Rent
$1,128 - $2,009
Required Monthly Fees
$32

Total Monthly Price
$1,160 - $2,041
1 to 2 Bedroom Apartments Available Now

Elevate 54

230 Pine Knot LnGraham, NC 27253
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Moore Apartments
Studio to 2 Bedroom Apartments

Moore Apartments

325-333 E Davis StBurlington, NC 27215
  • Utilities Included
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Courtyard Apartments
Studio to 2 Bedroom Apartments

Courtyard Apartments

852 S Main StBurlington, NC 27215
  • Utilities Included
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West Village Apartments
2 to 3 Bedroom Apartments

West Village Apartments

115 Holiday Park RdHillsborough, NC 27278
Corporate Housing

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.

Prospect Hill, NC Local Guide

Cheapest Available Prospect Hill Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect Hill, NC is a 1 Bed unit found at Dillard School priced from $533. Parkridge Apartments in the North Burlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Prospect Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dillard School1 Bed, 1 bath1BR,1BA$533
Parkridge ApartmentsThe Willow1BR,1BA$1,050
The Venue Apartment HomesPhase 1 - 1 x 1Standard-Call For Availability1BR,1BA$1,050
May Hosiery LoftsStudio2BR,2BA$1,055
Harden Crossing2Bed 1.5 Bath2BR,1BA$1,100

Best Value Apartments for Rent in Prospect Hill, NC and Nearby

As of April 07, 2026 the best value apartment in the Prospect Hill area is the $1.18 price per square foot 2 Bedroom 2 Bath Luxury Apartment Home Model at Alexander Pointe Apartments in the in the Fieldstone Farms neighborhood starting from $1,435. The second greatest value Prospect Hill apartment is the The Graham Model at Waterside starting at $1,625 with a $1.37 price per square foot in the North Burlington neighborhood. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alexander Pointe Apartments2 Bedroom 2 Bath Luxury Apartment Home2BR,2BA$1.18
WatersideThe Graham3BR,2BA$1.37
WatercourseThe Montgomery3BR,2BA$1.42
Crescent Oaks2.2B P2BR,2BA$1.27
Spring Forest at DeerfieldBerkshire2BR,2BA$1.27
Harden Crossing2Bed 1.5 Bath2BR,1.5BA$1.12
Ivey Glen Apartment CommunityThe Viking2BR,1.5BA$1.40
Keystone At Mebane OaksAutumn1BR,1BA$1.33
Riverbend Apartments2 Bed x 1 Bath2BR,1BA$1.30
Dillard School1 Bed, 1 bath1BR,1BA$0.79

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

Explore Prospect Hill, NC Rentals by Map

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Frequently Asked Questions about Cheap Prospect Hill Apartments

How much is rent for a Cheap One Bedroom Prospect Hill Apartment?

The lowest price for a Cheap One Bedroom Prospect Hill Apartment is $533 at Dillard School.

What is the lowest price for a Cheap Two Bedroom Prospect Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Hill is starting from $1,050 at Riverbend Apartments.

What is the most affordable Prospect Hill Three Bedroom Apartment?

The best deal on a cheap Prospect Hill Three Bedroom Apartment rental is at Parkridge Apartments and starts from $1,300.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.