Cheap Homes for Rent in Chapel Hill, NC from $700 (22 Rentals)

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property at 123 Barclay Rd

123 Barclay Rd

Chapel HillNC27516
property at 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514
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Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 04/13/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $700 to $7,499 with an overall median price of $3,667. The three Chapel Hill neighborhoods with the lowest median rent pricing are University Place at $1,225, Northside at $1,100, and Southern Village at $700. 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$1,585$1,2252
Northside$2,350$1,1001
Southern Village$2,350$7004
Carolina North$3,320$70011
Chapel Hill North$3,500$1,20010
Chapel Hill East$3,950$70015
Downtown Chapel Hill$3,950$1,1006
Estes$3,995$70013
Meadowmont$3,995$1,8003
Governors Club$4,200$4,2001

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. Berkshire 54 in the Triple Crown Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $949. 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
Berkshire 54Cranwell R22BR,1BA$949
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillS1Studio,1BA$958
Poplar PlaceA11BR,1BA$1,024

Best Value Apartments for Rent in Chapel Hill, NC

As of April 13, 2025 the best value apartment in the Chapel Hill area is the $1.46 price per square foot 3 Bed 2 Bath Model at Dobbins Hill Apartment Homes in the in the South Durham neighborhood starting from $1,650. The second greatest value Chapel Hill apartment is the FAB Model at Garrett West starting at $1,594 with a $1.44 price per square foot in the Downtown Durham 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.
Dobbins Hill Apartment Homes3 Bed 2 Bath3BR,2BA$1.46
Garrett WestFAB2BR,2BA$1.44
Ashbrook Apartments2b/2b Georgetown B2BR,2BA$1.29
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.50
LYV Chapel HillB22BR,2BA$1.38
Avana 55TwelveA21BR,1BA$1.47
Collins Crossingb10a2BR,1BA$1.49
Berkshire 54Barington1BR,1BA$1.33
Laurel Ridge ApartmentsLaurel1BR,1BA$1.40
Poplar PlaceA11BR,1BA$1.31

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Frequently Asked Questions about Chapel Hill

What type of rentals are currently available in Chapel Hill?

There are currently 166 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $688 to $9,500. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $700 to $7,499.

What is the current price range for Rental Homes in Chapel Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Chapel Hill ranges from $700 to $7,499 with an average monthly rent of $3,227.

How much are larger Three and Four Bedroom Rentals in Chapel Hill?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Chapel Hill range from $1,035 to $9,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,295. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $859.

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.

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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.