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

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Trustee Corner
Studio Apartments

Trustee Corner

115 N Merritt Mill RdChapel Hill, NC 27516
Showing Results 1-13, Page 1 of 1

Downtown Chapel Hill, Chapel Hill, NC Local Guide

Cheapest Available Downtown Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in the Downtown Chapel Hill area of Chapel Hill, NC is a 1 Bed unit found at Estes Park - Students save up to 10%! priced from $1,115. Royal Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable Downtown Chapel Hill apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$1,115
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,125
Ridgewood - Students save up to 10%!Melrose1BR,1BA$1,155
PineGate - Students save up to 10%!Cypress1BR,1BA$1,235
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1,315

Best Value Apartments for Rent in Downtown Chapel Hill, NC

As of April 12, 2025 the best value apartment in the Downtown Chapel Hill area is the $1.88 price per square foot Two Bedroom One Bath Model at The Reserve at Meadowmont Apartments and Townhomes in the in the Downing Creek neighborhood starting from $1,985. The second greatest value Downtown Chapel Hill apartment is the Hatteras Model at Carolina - Students save up to 10%! starting at $1,395 with a $1.52 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Downtown Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom One Bath 2BR,1BA$1.88
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.52
Union Chapel HillB32BR,2BA$1.82
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.65
PineGate - Students save up to 10%!Cypress1BR,1BA$1.90
Royal Park - Students save up to 10%!Barnes1BR,1BA$2.08
Ridgewood - Students save up to 10%!Melrose1BR,1BA$2.14
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$2.06
University Apartments Chapel Hill1 Bedroom One Bathroom - Renovated1BR,1BA$3.04
Link Apartments® CalyxS1Studio ,1BA$3.30

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Chapel Hill, Chapel Hill, NC

Ranked #17

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Chapel Hill Neighborhood in Chapel Hill, NC

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

59 / 100

Good Transit

Many 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 Downtown Chapel Hill Apartments

What is a cheap apartment in Downtown Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Chapel Hill is under $1,764.

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

The cheapest apartment in Downtown Chapel Hill is Estes Park - Students save up to 10%! which is listed at $1,115, while the average apartment in Downtown Chapel Hill costs $1,980.

What types of apartments are the cheapest in Downtown 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 180 regular apartments in Downtown Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.