Cheap Apartments for Rent in the Carolina North Neighborhood of Chapel Hill, NC from $700 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Carolina North area of Chapel Hill.

property at 123 Barclay Rd

123 Barclay Rd

Chapel HillNC27516
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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

Carolina North, Chapel Hill, NC Local Guide

Cheapest Available Carolina North Apartments for Rent

 

The cheapest available apartment rental in the Carolina North area of Chapel Hill, NC is a 1 Bed unit found at 118 Philip's Sq priced from $738. Chapel Ridge has the second lowest priced unit, which is a 4 Beds apartment currently listed from $859. Here are the most affordable Carolina North apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
118 Philip's Sq118 Philip's Sq1BR,1BA$738
Chapel Ridge4 BEDROOM, 4 BATH - RENOVATED4BR,4BA$859
Berkshire 54Cranwell R22BR,1BA$949
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1,048
LYV Chapel HillA11BR,1BA$1,059

Best Value Apartments for Rent in Carolina North, NC

As of March 30, 2025 the best value apartment in the Carolina North area is the $0.40 price per square foot 118 Philip's Sq Model at 118 Philip's Sq in the in the Triple Crown Estates neighborhood starting from $738. The second greatest value Carolina North apartment is the 2BR/1.0BA Model at 106 Fidelity/109 W Poplar starting at $1,450 with a $1.61 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Carolina North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
118 Philip's Sq118 Philip's Sq1BR,1BA$0.40
106 Fidelity/109 W Poplar2BR/1.0BA2BR,1BA$1.61
Union Chapel HillB32BR,2BA$1.82
Berkshire 54Barington1BR,1BA$1.33
Chateau Apartments1x1 Renovated1BR,1BA$1.58
Solano at Chapel HillA11BR,1BA$1.94
LYV Chapel HillA11BR,1BA$1.51
Chapel ViewThe Franklin1BR,1BA$1.78
West End Flats1 Bedroom, 1 Bathroom1BR,1BA$1.77
Carolina Springs ApartmentsOne Bedroom1BR,1BA$1.86

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Pet Friendly Lifestyle
Carolina North, Chapel Hill, NC

Ranked #13

Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across North Carolina and customized analysis for Central Chapel Hill. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Carolina North Neighborhood in Chapel Hill, NC

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

49 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Carolina North Apartments

What is the price of a cheap apartment in Carolina North?

The cheapest apartment in Carolina North is 118 Philip's Sq which is listed at $738, while the average apartment in Carolina North costs $2,485.

What types of apartments are the cheapest in Carolina North?

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 42 regular apartments in Carolina North 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 Carolina North?

Cheap apartments in Carolina North have an average cost of $615 which is $1,870 cheaper than the average rent for all rentals in Carolina North.

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

Written by: Amber Kanuckel

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

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.