Cheap Apartments for Rent in Prospect Hill, NC from $500 (37 Rentals)

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

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Heritage Apartments
Rent Specials
$1,151 - $1,691
Total Monthly Price

Total Monthly Price

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$1,151 - $1,691
Total Monthly Price
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1 to 3 Bedroom Apartments Available May 27

Heritage Apartments

405 Thomas Burke DrHillsborough, NC 27278
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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.

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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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Moore Apartments
Studio to 2 Bedroom Apartments

Moore Apartments

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

Courtyard Apartments

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

West Village Apartments

115 Holiday Park RdHillsborough, NC 27278
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-37, Page 1 of 1

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. The Venue Apartment Homes in the North Burlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. 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
The Venue Apartment HomesPhase 1 - 1 x 1Standard-Call For Availability1BR,1BA$1,025
Parkridge ApartmentsThe Willow1BR,1BA$1,050
Carden Place Apartment HomesOne Bedroom - 784 sqft1BR,1BA$1,100
Harden Crossing2Bed 1.5 Bath2BR,1BA$1,100
Elevate Haw RiverA1A Balcony1BR,1BA$1,145
Riverbend Apartments2 Bed x 1.5 Bath TH2BR,1BA$1,150
Deerfield Crossing1x11BR,1BA$1,150
Alexander Pointe Apartments1 Bedroom 1 Bath Luxury Apartment Home1BR,1BA$1,185
Elevate 54Eno1BR,1BA$1,190

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

As of May 26, 2026 the best value apartment in the Prospect Hill area is the $1.19 price per square foot 2 Bedroom, 2 Bath Model at Crescent Oaks in the in the North Burlington neighborhood starting from $1,429. The second greatest value Prospect Hill apartment is the Bordeaux Model at Spring Forest at Deerfield starting at $1,375 with a $1.16 price per square foot in the Fieldstone Farms 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.
Crescent Oaks2 Bedroom, 2 Bath2BR,2BA$1.19
Spring Forest at DeerfieldBordeaux2BR,2BA$1.16
WatersideThe Graham3BR,2BA$1.39
Arrowhead ApartmentsThe Remodeled Willow2BR,2BA$1.46
Riverbend Apartments2 Bed x 1.5 Bath TH2BR,1.5BA$1.03
Harden Crossing2Bed 1.5 Bath2BR,1.5BA$1.12
Alexander Pointe Apartments1 Bedroom 1 Bath Luxury Apartment Home1BR,1BA$1.39
Elevate 54Eno1BR,1BA$1.46
Carden Place Apartment HomesOne Bedroom - 784 sqft1BR,1BA$1.40
Dillard School1 Bed, 1 bath1BR,1BA$0.79

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!

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 $1,100 at The Venue Apartment Homes.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.