Cheap Apartments for Rent in Chapel Hill, NC from $400 (45 Rentals)

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

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Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
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Chapel View
1 to 2 Bedroom Apartments

Chapel View

2701 Homestead RdChapel Hill, NC 27516
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Poplar Place
1 to 2 Bedroom Apartments

Poplar Place

605 Jones Ferry RdCarrboro, NC 27510
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Chapel Hill, NC Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 03/27/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $854 to $9,500 with an overall median price of $2,488. The three Chapel Hill neighborhoods with the lowest median rent pricing are Gimghoul Historic District at $1,200, Southern Village at $958, and Greater Chapel Hill at $854. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Chapel Hill Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Gimghoul Historic District$1,200$1,2001
Southern Village$1,465$95865
Greater Chapel Hill$1,874$8541540
Meadowmont$2,190$1,050272
UNC Chapel Hill$2,190$958286
Estes$2,328$859330
University Place$2,416$1,050313
Carolina North$2,485$859122
Chapel Hill East$2,485$859480
Chapel Hill North$2,585$859192

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at 118 Philip's Sq in the Triple Crown Estates neighborhood priced from $738. 50303 Governors Dr in the Governors Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
118 Philip's Sq118 Philip's Sq1BR,1BA$738
50303 Governors Dr50303 Governors Dr1BR,1BA$770
137 Forsyth Dr137 Forsyth Dr1BR,1BA$800
Chapel Ridge4 BEDROOM, 4 BATH - RENOVATED4BR,4BA$859
Dobbins Hill Apartment HomesOne Bed, One Bath1BR,1BA$900
Berkshire 54Cranwell R22BR,1BA$949
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillS1Studio,1BA$958
Trinity at the Hill1A1BR,1BA$1,048
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1,048

Best Value Apartments for Rent in Chapel Hill, NC

As of March 27, 2025 the best value apartment in the Chapel Hill area is the $1.46 price per square foot 3 Bed 2 Bath Model at Dobbins Hill Apartment Homes in the in the South Durham neighborhood starting from $1,650. The second greatest value Chapel Hill apartment is the 2b/2b Georgetown B Model at Ashbrook Apartments starting at $1,495 with a $1.43 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dobbins Hill Apartment Homes3 Bed 2 Bath3BR,2BA$1.46
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.43
The Bailey ApartmentsB3 - Renovated2BR,2BA$1.42
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.49
Poplar PlaceB12BR,1BA$1.35
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Collins Crossingb10a2BR,1BA$1.49
Berkshire 54Barington1BR,1BA$1.33
100 Ridge Rd100 Ridge RdStudio ,1BA$1.50
Garrett WestMOD1BR,1BA$1.42

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Chapel Hill Overview

Chapel Hill is the 16th-largest city in the state of North Carolina, with a population of over a half-million residents. It is one of the three cities that make up the Research Triangle, Durham and Raleigh are the other two cities. In 1959 the three cities were named the Research Triangle Park because of the park between Durham and Raleigh.

Why live in Chapel Hill, NC?

Chapel Hill has one of the lowest unemployment rates in the country and it is staying steady, because of the jobs related to the Research Triangle. Although it is a college town, it is filled with elegant small shops and restaurants, beautiful parks, and provides an upscale feel to its surroundings. Because Chapel Hill is surrounded by mountains, residents will experience a milder summer heat and cooler winter days. But the residential areas are settled on large woodsy lots which makes residents feel like they are living at a luxury resort.

Pet Friendly Lifestyle
Chapel Hill, NC

Ranked #9

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Chapel Hill, NC

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chapel Hill, NC Rentals by Map

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See the most popular apartments and homes in Chapel Hill, NC

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Getting Around Chapel Hill, NC

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

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 Chapel Hill Apartments

What is a cheap apartment in Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chapel Hill is under $1,048.

What is the price of a cheap apartment in Chapel Hill?

The cheapest apartment in Chapel Hill is Dobbins Hill Apartment Homes which is listed at $900, while the average apartment in Chapel Hill costs $2,488.

What types of apartments are the cheapest in Chapel Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,187 regular apartments in Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Chapel Hill?

Cheap apartments in Chapel Hill have an average cost of $955 which is $1,533 cheaper than the average rent for all rentals in Chapel Hill.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.