
Cheap Homes for Rent in Prospect Hill, NC from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect Hill.


Room in House on Bedrock Rd

925 Fix St
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.

103 Ferris St

701 Trollingwood Hawfields Rd

1463 Thomas Haith Ln
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.

650 Montgomery St
Prospect Hill, NC Local Guide

How much does it cost to rent a home in Prospect Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Hill 2 Bedroom Homes for Rent | $1,223 | $1,025 | $1,450 |
| Prospect Hill 3 Bedroom Homes for Rent | $1,905 | $1,100 | $5,000 |
| Prospect Hill 4 Bedroom Homes for Rent | $2,198 | $1,375 | $3,499 |
| Prospect Hill 5 Bedroom Homes for Rent | $2,716 | $2,350 | $3,250 |
Browse Top Homes for Rent 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 |
Best Value Apartments for Rent in Prospect Hill, NC and Nearby
As of April 12, 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 |
| Crescent Oaks | 2.2B P | 2BR,2BA | $1.27 |
| Cadence at Cates Creek | B2 | 2BR,2BA | $1.33 |
| Spring Forest at Deerfield | Berkshire | 2BR,2BA | $1.27 |
| May Hosiery Lofts | 2 Bed 2 Bath | 2BR,2BA | $1.13 |
| Harden Crossing | 2Bed 1.5 Bath | 2BR,1.5BA | $1.12 |
| Keystone At Mebane Oaks | Autumn | 1BR,1BA | $1.35 |
| 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
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
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!
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See the most popular apartments and homes in Prospect Hill, NC
Frequently Asked Questions about Prospect Hill
What type of rentals are currently available in Prospect Hill?
There are currently 41 Apartments for Rent in Prospect Hill, NC with pricing that ranges from $533 to $2,465. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Hill ranging from $525 to $5,000.
What is the current price range for Rental Homes in Prospect Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Hill ranges from $525 to $5,000 with an average monthly rent of $1,758.
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

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.

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.