55 Luxury Apartments for rent in Chapel Hill, NC

Last updated November 17 at 8:14pm UTC
823 Old Pittsboro Road
Chapel Hill
Chapel Hill, NC
Updated November 16 at 12:00pm UTC
5 Bedrooms
$2,750
140 W. Franklin St. Unit 313
Downtown Chapel Hill
Chapel Hill, NC
Updated November 16 at 12:01pm UTC
1 Bedroom
$1,995
1740 Legion Road
Chapel Hill
Chapel Hill, NC
Updated November 8 at 11:21am UTC
4 Bedrooms
$2,200
172 Kingston Drive
Chapel Hill
Chapel Hill, NC
Updated November 11 at 2:20am UTC
3 Bedrooms
$1,950
310 Sunset Drive
Chapel Hill
Chapel Hill, NC
Updated November 11 at 10:34am UTC
3 Bedrooms
$1,600
408 Cotton Street
Chapel Hill
Chapel Hill, NC
Updated October 24 at 10:23am UTC
8 Bedrooms
$4,800
2412 Environ Way
The Oaks
Chapel Hill, NC
Updated August 15 at 5:14am UTC
1 Bedroom
$2,200
721 Merritt Mill Road
Chapel Hill
Chapel Hill, NC
Updated October 26 at 10:22am UTC
4 Bedrooms
$2,200
204 Bonsail Place
Chapel Hill
Chapel Hill, NC
Updated November 11 at 2:19am UTC
4 Bedrooms
$2,095
195 Severin Street
Chapel Hill
Chapel Hill, NC
Updated November 1 at 1:51am UTC
3 Bedrooms
$1,600
202 Nunn Ln.
Chapel Hill
Chapel Hill, NC
Updated November 16 at 11:37am UTC
5 Bedrooms
$3,600
Environ Way
The Oaks
Chapel Hill, NC
Updated November 17 at 8:24am UTC
1 Bedroom
$1,695
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November 2017 Chapel Hill Rent Report

Welcome to the November 2017 Chapel Hill Rent Report. 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

November 2017 Chapel Hill Rent Report

Welcome to the November 2017 Chapel Hill Rent Report. 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 increase sharply over the past month

Chapel Hill rents have increased 1.6% over the past month, and are up sharply by 7.2% in comparison to the same time last year. Currently, median rents in Chapel Hill stand at $990 for a one-bedroom apartment and $1,170 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Chapel Hill's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 2.7%.

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 3.6% 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 $1,220; 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 (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Chapel Hill rents more affordable than many large cities nationwide

As rents have increased sharply in Chapel Hill, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Chapel Hill is still more affordable than most large cities across the country.

  • Chapel Hill's median two-bedroom rent of $1,170 is slightly above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 7.2% rise in Chapel Hill.
  • While Chapel Hill's rents rose sharply over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Chapel Hill than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.