Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Chapel Hill, NC Rental Market Trends

Highlights

The average rent for an apartment in Chapel Hill is $1,465, a 3% increase compared to the previous year, when the average rent was $1,417.

Average Rent in Chapel Hill, NC

Last updated February 2021

Average Rent	Y-o-Y Change	Average Apartment Size
$1,465	3%	975 sq. ft.

The average size for a Chapel Hill, NC apartment is 975 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-$1,00016%
$1,001-$1,50052%
$1,501-$2,00020%
> $2,00012%

Chapel Hill, NC Occupied Housing Units

Renter-occupied Households48%
Owner-occupied Households51%

9,817 or 48% of the households in Chapel Hill, NC are renter-occupied while 10,552 or 51% are owner-occupied.

Chapel Hill, NC Rent Trends

Average Rent	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019	Mar / 2020	Jul / 2020	Feb / 2021
Chapel Hill, NC	$1,304	$1,308	$1,330	$1,362	$1,415	$1,417	$1,409	$1,450	$1,465
National	$1,311	$1,342	$1,351	$1,356	$1,388	$1,395	$1,397	$1,389	$1,392

Access comprehensive real estate data and information on Yardi Matrix

How Chapel Hill Compares to Other Cities

	Average Rent	Y-o-Y Change
Charlotte	$1,290	3%
Raleigh	$1,253	2%
Winston - Salem	$944	6%
Durham	$1,200	1%
Greensboro	$988	8%
Cary	$1,228	n/a
High Point	$903	7%
Chapel Hill	$1,465	3%
Apex	$1,270	2%
Mebane	$1,101	7%
Hillsborough	$1,199	n/a

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!

Cheapest Listings on RENTCafé

Ashley Forest

$500 - $600

Studio-1 Bed
1 Baths
350 Sq.Ft.

Dillard Street

$725

Studio-5 Beds
5.5 Baths
4,000 Sq.Ft.

Shadowood Apartments

$822 - $1,418

1-2 Beds
1-2 Baths
533 - 1,116 Sq.Ft.

Glen Lennox Apartments

$839 - $2,310

1-3 Beds
1-2 Baths
576 - 1,400 Sq.Ft.

Sunstone Apartments

$899 - $1,249

1-2 Beds
1-2 Baths
703 - 1,048 Sq.Ft.

Crosstown At Chapel Hill

$975 - $2,220

1-3 Beds
1-2 Baths
685 - 1,323 Sq.Ft.

Chapel View

$999 - $1,175

1-2 Beds
1-2 Baths
697 - 932 Sq.Ft.

Link Apartments® Linden

$1,134 - $2,777

1-2 Beds
1-2 Baths
494 - 1,107 Sq.Ft.

Notting Hill

$1,135 - $2,607

1-3 Beds
1-2 Baths
730 - 1,333 Sq.Ft.

The Elliott

$1,195 - $2,450

Studio-2 Beds
1-2 Baths
551 - 1,435 Sq.Ft.

1701 North Apartments

$1,240 - $2,350

1-3 Beds
1-2.5 Baths
524 - 1,489 Sq.Ft.

Berkshire Chapel Hill

$1,252 - $2,526

1-2 Beds
1-2 Baths
717 - 1,379 Sq.Ft.

Bell Meadowmont

$1,315 - $3,542

1-3 Beds
1-2.5 Baths
840 - 1,545 Sq.Ft.

Environs Lofts At East 54

$1,375 - $1,845

1-2 Beds
1-2.5 Baths
627 - 1,287 Sq.Ft.

The Courtyard Lofts

$1,400 - $3,485

1-4 Beds
1-2 Baths

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chapel Hill apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.