Cheap Homes for Rent in University Place Neighborhood of Chapel Hill, NC from $1,000 (2 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 130 S Estes Dr

130 S Estes Dr

Chapel HillNC27514

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.

University Place, Chapel Hill, NC Local Guide

Best Value Apartments for Rent in University Place, NC

As of April 28, 2025 the best value apartment in the University Place area is the $1.86 price per square foot Hampton Model at Crowne at 501 in the in the Downtown Durham neighborhood starting from $2,075. The second greatest value University Place apartment is the Hatteras Model at Carolina - Students save up to 10%! starting at $1,370 with a $1.49 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.
Crowne at 501Hampton2BR,2BA$1.86
Carolina - Students save up to 10%!Hatteras2BR,1.5BA$1.49
Kingswood - Students save up to 10%!Tar Heel2BR,1BA$1.66
Sunstone ApartmentsThe Opal1BR,1BA$2.01
Bell Chapel HillA1A1BR,1BA$2.48
PineGate - Students save up to 10%!Cypress1BR,1BA$1.91
Lenox at Patterson PlaceLudlow1BR,1BA$2.03
1701 North ApartmentsZellerStudio ,1BA$2.59
Royal Park - Students save up to 10%!Barnes1BR,1BA$2.10
Estes Park - Students save up to 10%!Grove at Estes Park1BR,1BA$2.08

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

Frequently Asked Questions about University Place

What type of rentals are currently available in University Place?

There are currently 24 Apartments for Rent in University Place, NC with pricing that ranges from $935 to $10,223. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,000 to $1,650.

What is the current price range for Rental Homes in University Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Place ranges from $1,000 to $1,650 with an average monthly rent of $1,339.

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 Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.