18 Apartments under 1000 for rent in Chapel Hill, NC

Last updated January 19 at 8:11am UTC
243 Cedar Terrace
Chapel Hill
Chapel Hill, NC
Updated January 9 at 4:48am UTC
2 Bedrooms
$845
101 Legacy Terrace
Chapel Hill
Chapel Hill, NC
Updated January 18 at 8:10pm UTC
1 Bedroom
$635
1616 Smith Level Road
Chapel Hill
Chapel Hill, NC
Updated January 18 at 10:51am UTC
2 Bedrooms
$825
Results within 1 miles of Chapel Hill, NC
212 Laurel Avenue
Plantation Acres
Carrboro, NC
Updated January 11 at 2:26am UTC
1 Bedroom
$875
1513 E Franklin Street
Chapel Hill
Chapel Hill, NC
Updated January 3 at 11:43am UTC
2 Bedrooms
$975
348 Ashley Forest Rd
Chapel Hill
Chapel Hill, NC
Updated January 18 at 8:06pm UTC
2 Bedrooms
$850
130 South Estes Dr A5
Chapel Hill
Chapel Hill, NC
Updated January 17 at 8:04pm UTC
1 Bedroom
$700
506 N Greensboro Street
Carrboro
Carrboro, NC
Updated January 17 at 9:39am UTC
2 Bedrooms
$900
115 n. merritt mill rd.
Carrboro
Carrboro, NC
Updated January 3 at 3:49pm UTC
1 Bedroom
$650
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January 2018 Chapel Hill Rent Report

Welcome to the January 2018 Chapel Hill Rent Report. Chapel Hill rents declined over the past month. In this report, we'll evaluate trends in the Chapel Hill rental market, including comparisons to cities throughout the state and nation.

View full Chapel Hill Rent Report
Rent Report
Chapel Hill

January 2018 Chapel Hill Rent Report

Welcome to the January 2018 Chapel Hill Rent Report. Chapel Hill rents declined over the past month. In this report, we'll evaluate trends in the Chapel Hill rental market, including comparisons to cities throughout the state and nation.

Chapel Hill rents declined over the past month

Chapel Hill rents have declined 1.1% over the past month, but have increased significantly by 5.4% in comparison to the same time last year. Currently, median rents in Chapel Hill stand at $980 for a one-bedroom apartment and $1,160 for a two-bedroom. Chapel Hill's year-over-year rent growth leads the state average of 3.0%, as well as the national average of 2.8%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Chapel Hill, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 3.0% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,210; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Fayetteville experiencing the fastest growth (+4.7%).
  • Winston-Salem, Greenville, and Wilmington have all experienced year-over-year growth above the state average (4.1%, 3.6%, and 3.4%, respectively).

Chapel Hill rents more affordable than many large cities nationwide

As rents have increased significantly in Chapel Hill, a few large cities nationwide have seen rents grow more modestly. Chapel Hill is still more affordable than most large cities across the country.

  • Chapel Hill's median two-bedroom rent of $1,160 is equal to the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 5.4% increase in Chapel Hill.
  • While Chapel Hill's rents rose significantly over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Chapel Hill than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than two-and-a-half times the price in Chapel Hill.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.