Cheap Apartments for Rent in the University Place Neighborhood of Chapel Hill, NC from $400 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the University Place area of Chapel Hill.

Showing Results 1-15, Page 1 of 1

University Place, Chapel Hill, NC Local Guide

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in the University Place area of Chapel Hill, NC is a 1 Bed unit found at Estes Park - Students save up to 10%! priced from $1,115. Royal Park - Students save up to 10%! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable University Place apartments for rent in Chapel Hill, NC:

Apartment ListingModel NameBed/BathPriced From
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$1,115
Royal Park - Students save up to 10%!Barnes1BR,1BA$1,125
Lenox at Patterson PlaceDoverStudio,1BA$1,140
PineGate - Students save up to 10%!Cypress1BR,1BA$1,235
Sunstone ApartmentsThe Citrine2BR,1BA$1,263

Best Value Apartments for Rent in University Place, NC

As of April 09, 2025 the best value apartment in the University Place area is the $1.90 price per square foot Two Bedroom One Bath Model at The Reserve at Meadowmont Apartments and Townhomes in the in the Downing Creek neighborhood starting from $2,006. The second greatest value University Place 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 University Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Reserve at Meadowmont Apartments and TownhomesTwo Bedroom One Bath 2BR,1BA$1.90
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.52
Crowne at 501Clare1BR,1BA$1.93
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.65
Berkshire Chapel HillKenan1BR,1BA$2.26
Sunstone ApartmentsThe Opal1BR,1BA$2.15
PineGate - Students save up to 10%!Cypress1BR,1BA$1.90
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$2.06
Royal Park - Students save up to 10%!Barnes1BR,1BA$2.08
Lenox at Patterson PlaceDoverStudio ,1BA$2.28

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
University Place, Chapel Hill, NC

Ranked #10

Among neighborhoods in Chapel Hill, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the University Place Neighborhood in Chapel Hill, NC

Walk Score®

68 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,466.

What is the price of a cheap apartment in University Place?

The cheapest apartment in University Place is Estes Park - Students save up to 10%! which is listed at $1,115, while the average apartment in University Place costs $2,370.

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 257 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 $1,414 which is $956 cheaper than the average rent for all rentals in University Place.

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.