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Average Rent in Chapel Hill, NC

Home  »  NC  »  Chapel Hill

Current Versus Historical Chapel Hill, NC Rents

Chapel Hill rentals average $1,575 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $2,095, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $58 (-4.55%) year-over-year from $1,283 to $1,225. 1-bedroom rentals prices have decreased by $517 (-30.10%) year-over-year from $1,717 to $1,200. 2-bedroom rentals prices have decreased by $681 (-29.53%) year-over-year from $2,306 to $1,625. 3-bedroom rentals prices have decreased by $8 (-0.35%) year-over-year from $2,383 to $2,375. 4-bedroom rentals prices have increased by $230 (7.62%) year-over-year from $3,020 to $3,250. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 41.90% this month. 1-bedroom rents have gone down by 16.57% this month. 2-bedroom rents have gone down by 16.65% this month. 3-bedroom rents have gone up by 4.88% this month. 4-bedroom rents have gone down by 5.79% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.44 $1,225 $1,283 (-4.55%) $617 (98.65%)
1 BR $2.20 $1,200 $1,717 (-30.10%) $1,305 (-8.05%)
2 BR $1.72 $1,625 $2,306 (-29.53%) $1,654 (-1.74%)
3 BR $1.63 $2,375 $2,383 (-0.35%) $1,673 (41.99%)
4+ BR $1.68 $3,250 $3,020 (7.62%) $2,478 (31.14%)

Historical Rents in Chapel Hill, NC

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Chapel Hill

There are a total of 1 cities nearby Chapel Hill. The average rent in Chapel Hill is currently $2,000 per month. Only one city nearby has an average rent lower than that. Our records show that Durham, NC, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Chapel Hill, NC is Durham, NC. Monthly rents here are on average $2,000 per month.

Let's compare Chapel Hill, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Chapel Hill, NC is 17.62% more expensive than other cities nearby. One bedrooms are about 23.12% more affordable. Two bedrooms in Chapel Hill, NC are about 14.29% more expensive. Finally, rent for three bedrooms are about 20.41% more expensive. Want more information? Check out the top 1 cities near Chapel Hill, NC in the following chart.
City Studio 1 Bed 2 Bed All
Durham, NC $1,298 $1,718 $1,800 $2,000

Top Neighborhoods Near Chapel Hill



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Chapel Hill

The average rent for rentals in these counties is $1,850. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Orange, NC. It's average rent per month is $1,850. Vice versa, with an average rent of $1,850, Orange, NC is the most expensive county by Chapel Hill, NC.

In comparison, rent for one bedroom listings in Chapel Hill, NC is 1.43% more expensive than other counties nearby. Finally, rent for two bedrooms in Chapel Hill, NC is 22.14% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Orange, NC N/A $1,375 $1,635 $1,850

Top Zipcodes Near Chapel Hill



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Chapel Hill Average Rents

What is the average rent price in Chapel Hill, NC?
The average monthly rental price for Chapel Hill, NC apartments for rent is approximately $2,095. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Chapel Hill, NC rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Chapel Hill, NC.
How much is a studio apartment in Chapel Hill, NC?
The average monthly rental price for studio apartments is $1,575 and an average price per square feet of $2.44. There are a total of 2 studio apartment listings currently available for rent in Chapel Hill.
How much is a one bedroom apartment in Chapel Hill, NC?
The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $2.20. There are a total of 7 one bedroom apartment listings currently available for rent in Chapel Hill.
How much is a two bedroom apartment in Chapel Hill, NC?
The average monthly rental price for two bedroom apartments is $2,100 and an average price per square feet of $1.72. There are a total of 13 two bedroom apartment listings currently available for rent in Chapel Hill.
How have rent prices in Chapel Hill, NC changed this year?
Rent prices for rentals in Chapel Hill, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by -0.30%, two bedroom rental prices have changed by -0.30%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Chapel Hill, NC?
A reasonable rent price in Chapel Hill, NC is around $1,676/month. You can search for these reasonably priced rental listings on RentHop.
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