500 Umstead Dr, Unit F304
500 Umstead Dr
Chapel HillNC27516
Cheap Homes for Rent in Downtown Chapel Hill Neighborhood of Chapel Hill, NC from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Chapel Hill area of Chapel Hill.
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Downtown Chapel Hill, Chapel Hill, NC Local Guide
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How much does it cost to rent a home in Downtown Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Chapel Hill 2 Bedroom Homes for Rent | $1,669 | $1,350 | $2,495 |
| Downtown Chapel Hill 3 Bedroom Homes for Rent | $3,255 | $1,975 | $6,000 |
| Downtown Chapel Hill 4 Bedroom Homes for Rent | $3,573 | $2,895 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Chapel Hill Neighborhood of Chapel Hill, NC.
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Downtown Chapel Hill, Chapel Hill, NC Local Guide
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Best Value Apartments for Rent in Downtown Chapel Hill, NC
As of March 27, 2025 the best value apartment in the Downtown Chapel Hill area is the $1.87 price per square foot One Bedroom with Sunroom Model at The Reserve at Meadowmont Apartments and Townhomes in the in the Downing Creek neighborhood starting from $1,778. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve at Meadowmont Apartments and Townhomes | One Bedroom with Sunroom | 1BR,1BA | $1.87 |
| Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.52 |
| Union Chapel Hill | B3 | 2BR,2BA | $1.82 |
| 100 Ridge Rd | 100 Ridge Rd | Studio ,1BA | $1.50 |
| Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.65 |
| PineGate - Students save up to 10%! | Cypress | 1BR,1BA | $1.90 |
| Royal Park - Students save up to 10%! | Barnes | 1BR,1BA | $2.06 |
| Ridgewood - Students save up to 10%! | Melrose | 1BR,1BA | $2.14 |
| Estes Park - Students save up to 10%! | Grove at Estes Park | 1BR,1BA | $2.06 |
| University Apartments Chapel Hill | 1 Bedroom One Bathroom - Renovated | 1BR,1BA | $3.04 |
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Frequently Asked Questions about Downtown Chapel Hill
What type of rentals are currently available in Downtown Chapel Hill?
There are currently 52 Apartments for Rent in Downtown Chapel Hill, NC with pricing that ranges from $1,035 to $7,415. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Chapel Hill ranging from $1,350 to $6,000.
What is the current price range for Rental Homes in Downtown Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Chapel Hill ranges from $1,350 to $6,000 with an average monthly rent of $2,832.
How much are larger Three and Four Bedroom Rentals in Downtown Chapel Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Chapel Hill range from $1,035 to $7,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,975 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,895 and Four Bedroom Apartments start at $1,265.
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.
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.
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.
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.
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.