Cheap Apartments for Rent in Chapel Hill, NC from $400 (42 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: 02/26/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $550 to $10,000 with an overall median price of $3,018. The three Chapel Hill neighborhoods with the lowest median rent pricing are Greater Chapel Hill at $550, Estes at $859, and UNC Chapel Hill at $999. 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
Greater Chapel Hill$1,824$55023533
Estes$1,989$8595656
UNC Chapel Hill$2,203$9995519
Meadowmont$2,366$1,0505670
Chapel Hill East$2,552$8007901
Carolina North$2,585$8591526
Chapel Hill North$2,585$8002558
University Place$2,716$1,1006801
Downtown Chapel Hill$2,920$1,0354325
Cameron McCauley$4,275$1,0354113

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in Chapel Hill, NC is a 4 Beds unit found at Chapel Ridge in the Triple Crown Estates neighborhood priced from $859. Crossings @ 501 in the Downtown Durham neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Chapel Hill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chapel Ridge4 BEDROOM, 4 BATH - RENOVATED4BR,4BA$859
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillS1Studio,1BA$999
Berkshire 54Cranwell R22BR,1BA$1,002
Sunstone ApartmentsThe Opal1BR,1BA$1,043
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1,048
LYV Chapel HillA11BR,1BA$1,059
Crosstown at Chapel Hill1A1BR,1BA$1,090
ShadowoodThe Oak1BR,1BA$1,092
Poplar PlaceA11BR,1BA$1,098

Best Value Apartments for Rent in Chapel Hill, NC

As of February 26, 2025 the best value apartment in the Chapel Hill area is the $1.34 price per square foot Kenan Model at Laurel Ridge Apartments in the in the Lafayette neighborhood starting from $1,700. The second greatest value Chapel Hill apartment is the 1312 Smith Level Rd Model at 1312 Smith Level Rd, Unit A starting at $1,500 with a $1.29 price per square foot in the Clearwater 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.
Laurel Ridge ApartmentsKenan3BR,2BA$1.34
1312 Smith Level Rd, Unit A1312 Smith Level Rd2BR,1BA$1.29
Glen Lennox Apartments3 Bedroom 1 Bath B3BR,1BA$1.34
Berkshire 54Lenox - Renovated2BR,1BA$1.32
The Bailey ApartmentsB3 - Renovated2BR,2BA$1.39
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.49
Haven at Patterson PlaceB2BR2BR,2BA$1.50
Avana 55TwelveA21BR,1BA$1.48
Collins Crossingb10a2BR,1BA$1.49
LYV Chapel HillA11BR,1BA$1.51

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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 The Villages of Chapel Hill 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 $950 at Crossings @ 501.

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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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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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

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.

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.