Cheap Apartments for Rent in Prospect Hill, NC from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Hill.

1623 Lakeview Dr
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.

The Pines Apartments
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.

2203 Efland - Cedar Grove Rd
Prospect Hill, NC Local Guide

How much does it cost to rent an apartment in Prospect Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Hill Studio Apartments | $1,109 | $895 | $1,390 |
Prospect Hill 1 Bedroom Apartments | $1,268 | $533 | $2,368 |
Prospect Hill 2 Bedroom Apartments | $1,462 | $1,125 | $2,684 |
Prospect Hill 3 Bedroom Apartments | $1,729 | $1,250 | $3,967 |
Browse Top Apartments in Prospect Hill
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Prospect Hill, NC Local Guide
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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. Fieldstone Apartment Homes in the Fieldstone Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,029. Here is today’s list of the most affordable Prospect Hill apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dillard School | 1 Bed, 1 bath | 1BR,1BA | $533 |
Fieldstone Apartment Homes | A1R | 1BR,1BA | $1,029 |
Parkridge Apartments | The Willow | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Prospect Hill, NC and Nearby
As of September 20, 2025 the best value apartment in the Prospect Hill area is the $1.17 price per square foot 2.2A P+ Model at Crescent Oaks in the in the North Burlington neighborhood starting from $1,399. The second greatest value Prospect Hill apartment is the B1-Renovated Model at Pinewood Station Apartments and Townhomes starting at $1,449 with a $1.47 price per square foot in the Kenion Grove neighborhood. Here is today’s list of the best values for Prospect Hill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Crescent Oaks | 2.2A P+ | 2BR,2BA | $1.17 |
Pinewood Station Apartments and Townhomes | B1-Renovated | 2BR,1BA | $1.47 |
Stonebrook Apartments | 2 Bedroom | 2BR,2BA | $1.25 |
Barden Ridge Apartments | 2/1 60% AMI | 2BR,1BA | $1.35 |
Elevate 54 | Eno | 1BR,1BA | $1.46 |
Elevate Haw River | A1C Sunroom | 1BR,1BA | $1.42 |
Dillard School | 1 Bed, 1 bath | 1BR,1BA | $0.67 |
Waterside Apartments | The William | 1BR,1BA | $1.48 |
West Village Apartments | Two Bedroom Traditional | 2BR,1BA | $1.49 |
Fieldstone Apartment Homes | A1R | 1BR,1BA | $1.37 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Prospect Hill, NC
Getting Around Prospect Hill, NC
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
16 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,125 at Parkridge 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 West Village Apartments and starts from $1,260.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.