Cheap Apartments for Rent in Prospect Hill, NC from $500 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Hill.

Pines Apartments

Crescent Oaks

Deerfield Crossing
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.

319 Dodson Rd

1253 Sonora Dr
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.
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 | $1,131 | $895 | $1,368 |
| Prospect Hill 1 Bedroom Apartments | $1,261 | $533 | $1,752 |
| Prospect Hill 2 Bedroom Apartments | $1,424 | $1,029 | $2,114 |
| Prospect Hill 3 Bedroom Apartments | $1,728 | $1,150 | $2,517 |
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. Deerfield Crossing in the Fieldstone Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $971. 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 |
| Deerfield Crossing | 1x1 | 1BR,1BA | $971 |
| Crescent Oaks | 2.2B P | 2BR,2BA | $1,029 |
Best Value Apartments for Rent in Prospect Hill, NC and Nearby
As of December 28, 2025 the best value apartment in the Prospect Hill area is the $1.00 price per square foot 2.2A P+ Model at Crescent Oaks in the in the North Burlington neighborhood starting from $1,199. The second greatest value Prospect Hill apartment is the Bordeaux Model at Spring Forest at Deerfield starting at $1,325 with a $1.12 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crescent Oaks | 2.2A P+ | 2BR,2BA | $1.00 |
| Spring Forest at Deerfield | Bordeaux | 2BR,2BA | $1.12 |
| Cadence at Cates Creek | B2 | 2BR,2BA | $1.30 |
| Ashbury Square Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.39 |
| Patriots Pointe | Cedar | 1BR,1BA | $1.22 |
| Barden Ridge Apartments | 2/1 60% AMI | 2BR,1BA | $1.35 |
| Elevate 54 | Eno | 1BR,1BA | $1.43 |
| Carden Place Apartment Homes | One Bedroom - 784 sqft | 1BR,1BA | $1.49 |
| Deerfield Crossing | 1x1 | 1BR,1BA | $1.36 |
| Dillard School | 1 Bed, 1 bath | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect Hill, NC Rentals by Map
See the most popular apartments and homes in Prospect Hill, NC
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 $1,029 at Crescent Oaks.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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


