Cheap Homes for Rent in Chapel Hill, NC from $600 (16 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 102 Creel St

102 Creel St

Chapel HillNC27516
property at 500 Umstead Dr

500 Umstead Dr

Chapel HillNC27516

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Chapel Hill, NC Local Guide

Cheapest Neighborhoods for Apartments in Chapel Hill, NC

Pricing Updated: 05/17/2025

Current apartment rentals in the Chapel Hill, NC area range in price from $550 to $10,287 with an overall median price of $1,905. The three Chapel Hill neighborhoods with the lowest median rent pricing are Southern Village at $958, Downtown Chapel Hill at $1,035, and Carolina North at $738. 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
Southern Village$1,395$95853
Downtown Chapel Hill$1,467$1,03563
Carolina North$1,475$73890
Cameron McCauley$1,485$99916
Northside$1,485$1,03546
UNC Chapel Hill$1,785$958249
Estes$1,800$859263
Meadowmont$2,065$1,115236
University Place$2,090$1,115244
Chapel Hill East$2,255$859331

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$958
Poplar PlaceA11BR,1BA$959
Carolina Spring Senior ApartmentsOne Bedroom1BR,1BA$999

Best Value Apartments for Rent in Chapel Hill, NC

As of May 18, 2025 the best value apartment in the Chapel Hill area is the $1.44 price per square foot B3 Model at Avana 55Twelve in the in the Downtown Durham neighborhood starting from $1,585. The second greatest value Chapel Hill apartment is the Serenity at Booker Creek Model at Booker Creek - Students save up to 10%! starting at $1,580 with a $1.53 price per square foot in the Marena Place 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.
Avana 55TwelveB32BR,2BA$1.44
Booker Creek - Students save up to 10%!Serenity at Booker Creek2BR,1.5BA$1.53
Poplar PlaceB22BR,2BA$1.37
The Apartments at Midtown 501A11BR,1BA$1.46
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
106 Fidelity/109 W Poplar2BR/1.0BA2BR,1BA$1.56
Collins Crossingb20b2BR,2BA$1.53
Berkshire 54Barington1BR,1BA$1.33
Laurel Ridge ApartmentsLaurel1BR,1BA$1.36
Chateau Apartments1x1 Renovated1BR,1BA$1.45

Quick Rent Budget Calculator

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Frequently Asked Questions about Chapel Hill

What type of rentals are currently available in Chapel Hill?

There are currently 164 Apartments for Rent in Chapel Hill, NC with pricing that ranges from $738 to $10,287. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $600 to $6,950.

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 $600 to $6,950 with an average monthly rent of $3,193.

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 $10,287, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,000. Four Bedroom Single-Family rentals are also available starting from $600 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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.