
Cheap Apartments for Rent in Prospect Hill, NC from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect Hill.


Dillard School

Room in House on Bedrock Rd

The Pines Apartments of Graham

Parkridge Apartments

The Venue Apartment Homes

Riverbend 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.

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May Hosiery Lofts

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Harden Crossing

Ashbury Square Apartments

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Heritage Apartments

Spring Forest at Deerfield

Deerfield Crossing

Keystone At Mebane Oaks
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Fieldstone Apartment Homes

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Elevate 54

Moore Apartments

Courtyard Apartments

925 Fix St

103 Ferris St

West Village Apartments
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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.

701 Trollingwood Hawfields Rd

650 Montgomery St
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 | $1,206 | $895 | $1,500 |
| Prospect Hill 1 Bedroom Apartments | $1,299 | $533 | $1,795 |
| Prospect Hill 2 Bedroom Apartments | $1,454 | $1,050 | $2,080 |
| Prospect Hill 3 Bedroom Apartments | $1,775 | $1,250 | $2,465 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dillard School | 1 Bed, 1 bath | 1BR,1BA | $533 |
| Parkridge Apartments | The Willow | 1BR,1BA | $1,050 |
| The Venue Apartment Homes | Phase 1 - 1 x 1Standard-Call For Availability | 1BR,1BA | $1,050 |
| May Hosiery Lofts | Studio | 2BR,2BA | $1,055 |
| Harden Crossing | 2Bed 1.5 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Alexander Pointe Apartments | 2 Bedroom 2 Bath Luxury Apartment Home | 2BR,2BA | $1.18 |
| Waterside | The Graham | 3BR,2BA | $1.37 |
| Watercourse | The Montgomery | 3BR,2BA | $1.42 |
| Crescent Oaks | 2.2B P | 2BR,2BA | $1.27 |
| Spring Forest at Deerfield | Berkshire | 2BR,2BA | $1.27 |
| Harden Crossing | 2Bed 1.5 Bath | 2BR,1.5BA | $1.12 |
| Ivey Glen Apartment Community | The Viking | 2BR,1.5BA | $1.40 |
| Keystone At Mebane Oaks | Autumn | 1BR,1BA | $1.33 |
| Riverbend Apartments | 2 Bed x 1 Bath | 2BR,1BA | $1.30 |
| Dillard School | 1 Bed, 1 bath | 1BR,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.
Read ArticleDon'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
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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
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.
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 $1,050 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

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.

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.

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.

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.