Cheap Apartments for Rent in Chapel Hill, NC from $400 (43 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
Showing Results 1-43, Page 1 of 1

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: 03/21/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $750 to $7,499 with an overall median price of $4,426. The three Chapel Hill neighborhoods with the lowest median rent pricing are University Place at $1,700, Southern Village at $750, and Carolina North at $1,250. 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
University Place$1,700$1,70013
Southern Village$2,975$75015
Carolina North$3,350$1,250146
Chapel Hill North$3,425$1,22583
Chapel Hill East$3,950$1,150175
Downtown Chapel Hill$3,950$1,40064
Estes$4,025$1,150173
Northside$4,175$2,35033
Governors Club$4,500$3,2008
Meadowmont$4,500$1,50052

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 1 Bed unit found at 50303 Governors Dr in the Governors Lake neighborhood priced from $770. 137 Forsyth Dr in the South Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Lenox at Patterson PlaceDoverStudio,1BA$999
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1,048
Trinity at the Hill1A1BR,1BA$1,059
LYV Chapel HillA11BR,1BA$1,059

Best Value Apartments for Rent in Chapel Hill, NC

As of March 22, 2025 the best value apartment in the Chapel Hill area is the $0.40 price per square foot 137 Forsyth Dr Model at 137 Forsyth Dr in the in the South Durham neighborhood starting from $800. The second greatest value Chapel Hill apartment is the 50303 Governors Dr Model at 50303 Governors Dr starting at $770 with a $0.54 price per square foot in the Governors Lake 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.
137 Forsyth Dr137 Forsyth Dr1BR,1BA$0.40
50303 Governors Dr50303 Governors Dr1BR,1BA$0.54
Dobbins Hill Apartment Homes3 Bed 2 Bath3BR,2BA$1.39
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.46
The Bailey ApartmentsB3 - Renovated2BR,2BA$1.42
The Villages of Chapel HillB22BR,2BA$1.28
Laurel Ridge ApartmentsColumbia2BR,1BA$1.35
Berkshire 54Barington1BR,1BA$1.33
Poplar PlaceA11BR,1BA$1.46
Garrett WestMOD1BR,1BA$1.48

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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 the Cheapest Studio apartment in Chapel Hill?

Currently the most affordable Cheap Studio Apartment in Chapel Hill is at Lenox at Patterson Place listed at $999.

How much is rent for a Cheap One Bedroom Chapel Hill Apartment?

The lowest price for a Cheap One Bedroom Chapel Hill Apartment is $770 at 50303 Governors Dr.

What is the lowest price for a Cheap Two Bedroom Chapel Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chapel Hill is starting from $949 at Berkshire 54.

What is the most affordable Chapel Hill Three Bedroom Apartment?

The best deal on a cheap Chapel Hill Three Bedroom Apartment rental is at Dobbins Hill Apartment Homes and starts from $1,243.

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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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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What to Know About Fees and Fines When Renting

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

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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.