Cheap 3 Bedroom Apartments for Rent in the University Place Neighborhood of Chapel Hill, NC from $1,110 (2 Rentals)
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Haven at Patterson Place
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
University Place, Chapel Hill, NC Local Guide

How much does it cost to rent an apartment in University Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Place Studio Apartments | $1,624 | $1,038 | $3,278 |
| University Place 1 Bedroom Apartments | $1,705 | $995 | $3,688 |
| University Place 2 Bedroom Apartments | $2,106 | $1,041 | $4,868 |
University Place 3 Bedroom Apartments | $2,925 | $1,110 | $9,079 |
| University Place 4 Bedroom Apartments | $2,296 | $1,095 | $7,236 |
Browse Apartments in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the University Place Neighborhood of Chapel Hill, NC.
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Frequently Asked Questions about Cheap University Place Apartments
What is a cheap apartment in University Place?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Place is under $1,234.
What is the price of a cheap apartment in University Place?
The cheapest apartment in University Place is Haven at Patterson Place which is listed at $1,480, while the average apartment in University Place costs $2,500.
What types of apartments are the cheapest in University Place?
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 220 regular apartments in University Place 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 University Place?
Cheap apartments in University Place have an average cost of $1,214 which is $1,286 cheaper than the average rent for all rentals in University Place.
Expert Rental Resources
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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
