Chapel Hill, NC Rental Market Trends
Highlights
The average rent for an apartment in Chapel Hill is $1,417, a 7% increase compared to the previous year, when the average rent was $1,330.
Average Rent in Chapel Hill, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,417 | 7% | 978 sq. ft. |
The average size for a Chapel Hill, NC apartment is 978 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Chapel Hill, NC Apartment Rent Ranges
- $701-$1,00018%
- $1,001-$1,50052%
- $1,501-$2,00020%
- > $2,00011%
Chapel Hill, NC Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
9,388 or 47% of the households in Chapel Hill, NC are renter-occupied while 10,475 or 52% are owner-occupied.
Chapel Hill, NC Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Apr / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Chapel Hill, NC | $1,269 | $1,323 | $1,301 | $1,304 | $1,308 | $1,330 | $1,362 | $1,415 | $1,417 |
| National | $1,337 | $1,369 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 |
How Chapel Hill Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,244 | 5% |
| Raleigh | $1,223 | 5% |
| Winston - Salem | $891 | 7% |
| Durham | $1,182 | 5% |
| Greensboro | $917 | 5% |
| High Point | $852 | 5% |
| Cary | $1,247 | 5% |
| Apex | $1,245 | 7% |
| Chapel Hill | $1,417 | 7% |
| Mebane | $1,029 | 3% |
| Carrboro | $1,072 | 10% |
For more information about the Chapel Hill rental trends, check out our monthly rent report
Check out North Carolina Cities, North Carolina Neighborhoods and North Carolina Zip Codes for more details on verified listings, including the North Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!