
Cheap Apartments for Rent in the Lafayette Neighborhood of Chapel Hill, NC from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lafayette area of Chapel Hill.


303 Smith Level Rd, Unit B14

303 Smith Level Rd, Unit D24-B

Laurel Ridge Apartments

Shadowood

Kingswood - Students save up to 10%!

303 Smith Level Rd
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.

529 Hillsborough St

The Villages of Chapel Hill

Carolina Spring Senior Apartments

Rock Creek Apartments

River View

West End Flats
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.

University Lake

Estes Park - Students save up to 10%!

Royal Park - Students save up to 10%!

Ridgewood - Students save up to 10%!

Trinity at the Hill

Collins Crossing

Bridges at Chapel Hill

Autumn Woods
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.
Lafayette, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in Lafayette?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lafayette Studio Apartments | $958 | $958 | $958 |
Lafayette 1 Bedroom Apartments | $1,316 | $999 | $3,385 |
Lafayette 2 Bedroom Apartments | $1,550 | $1,070 | $4,388 |
Lafayette 3 Bedroom Apartments | $1,728 | $1,035 | $6,067 |
Lafayette 4 Bedroom Apartments | $1,501 | $1,225 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Lafayette Neighborhood of Chapel Hill, NC.
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Lafayette, Chapel Hill, NC Local Guide
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Cheapest Available Lafayette Apartments for Rent
 The cheapest available apartment rental in the Lafayette area of Durham, NC is a Studio unit found at The Villages of Chapel Hill priced from $958. Poplar Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. Here are the most affordable Lafayette apartments for rent in Durham, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Villages of Chapel Hill | S1 | Studio,1BA | $958 |
Poplar Place | A1 | 1BR,1BA | $959 |
Carolina Spring Senior Apartments | One Bedroom | 1BR,1BA | $999 |
Berkshire 54 | Barington | 1BR,1BA | $1,086 |
Shadowood | The Oak | 1BR,1BA | $1,086 |
Best Value Apartments for Rent in Lafayette, NC
As of May 18, 2025 the best value apartment in the Lafayette area is the $1.43 price per square foot 2b/2b Georgetown A Model at Ashbrook Apartments in the in the Triple Crown Estates neighborhood starting from $1,480. The second greatest value Lafayette apartment is the B2 Model at Poplar Place starting at $1,391 with a $1.37 price per square foot in the Triple Crown Estates neighborhood. Here is today’s list of the best values for Lafayette apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ashbrook Apartments | 2b/2b Georgetown A | 2BR,2BA | $1.43 |
Poplar Place | B2 | 2BR,2BA | $1.37 |
Carolina - Students save up to 10%! | Hatteras | 2BR,1.5BA | $1.49 |
106 Fidelity/109 W Poplar | 2BR/1.0BA | 2BR,1BA | $1.56 |
Berkshire 54 | Cranwell | 2BR,1BA | $1.45 |
Collins Crossing | b20b | 2BR,2BA | $1.53 |
Laurel Ridge Apartments | Laurel | 1BR,1BA | $1.40 |
Chateau Apartments | 1x1 Renovated | 1BR,1BA | $1.45 |
Bridges at Chapel Hill | A2AR | 1BR,1BA | $1.58 |
Kingswood - Students save up to 10%! | Tar Heel | 2BR,1BA | $1.66 |
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.
Pet Friendly LifestyleLafayette, Chapel Hill, NC
Ranked #9
Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lafayette, Chapel Hill, NC
Carrboro Elementary
Phoenix Academy High
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across North Carolina, including Chapel Hill. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Lafayette Apartments
What is the price of a cheap apartment in Lafayette?
The cheapest apartment in Lafayette is Poplar Place which is listed at $959, while the average apartment in Lafayette costs $1,487.
What types of apartments are the cheapest in Lafayette?
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 64 regular apartments in Lafayette 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 Lafayette?
Cheap apartments in Lafayette have an average cost of $906 which is $581 cheaper than the average rent for all rentals in Lafayette.
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.

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.

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.

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.

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.