Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Chapel Hill area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in 27516

1 - 30 of 65 Results
56
$1,402 - 3,805
Carraway Village
Deal
600 Carraway Xing Chapel Hill, NC
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Pool
20
$1,800
Available Now For Short-term Lease Only...incredible Location On Cameron Ave. 2 Br + 2 Bonus Rooms + Parking, Just Blocks To Unc Or Franklin St. - Includes Water & Sewer!
506 A Cameron Ave Chapel Hill, NC
2 BR | Available Now
Contact
House
Surface Parking
Disability Access
10
$715
Room In 2 Bedroom Home At Umstead Dr
500 Umstead Dr Chapel Hill, NC
1 BR | Available Now
Contact
House
15
$740
Room In 2 Bedroom Apartment At Umstead Dr
500 306C Umstead Dr Chapel Hill, NC
1 BR | Available Now
Contact
House
53
$2,314 - 3,099
The Townhomes At Chapel Watch Village
100 Ginkgo Trl Chapel Hill, NC
2 BR | May. 15, 2024
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Pool
13
$1,800
Walk To Unc Hospital And Merritt's Grill!
507 Pine Bluff Trl #2 Chapel Hill, NC
3 BR | Jun. 7, 2024
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
8
$1,150
Live Near Unc In A Spacious Upstairs Studio [lease Take Over Until 5/25/2025 For Immediate Move In] Water Included
212 5 Mccauley St Chapel Hill, NC
1 BR | May. 13, 2024
Contact
House
Storage
Downtown
5
$1,650
Walk To Unc Campus 2B Duplex
403 Smith Ave Unit A Chapel Hill, NC
2 BR | Aug. 15, 2024
Contact
House
Disability Access
12
$3,850
212 Columbia Pl
Chapel Hill, NC
4 BR | Aug. 1, 2024
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
20
$2,650
3 Level End Unit Townhome In Awesome Location!
128 Ridge Trl Chapel Hill, NC
3 BR | Jul. 10, 2024
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Storage
10
$600
303 Smith Level Rd #b34
Chapel Hill, NC
1 BR | Available Now
Contact
House
19
$2,900
Live Downtown At 140 West Franklin Street!
140 W Franklin St Chapel Hill, NC
2 BR | Aug. 8, 2024
Contact
Dog Friendly
Cat Friendly
House
Downtown
9
$600
303 Smith Level Rd #b34
Chapel Hill, NC
1 BR | Available Now
Contact
House
15
$2,200
706 Sykes St
Chapel Hill, NC
4 BR | Available Now
Contact
Disability Access
10
$1,200
540 Chase Park Rd
Chapel Hill, NC
1 BR | Jun. 6, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
27
$665
Room In 3 Bedroom Home At 213 N Graham St
213 N Graham St Chapel Hill, NC
1 BR | Available Now
Contact
House
14
$2,000
Available In June! Beautiful 2 Bedroom Condo In Walkable Southern Village!
701 Copperline Dr Unit 102 Chapel Hill, NC
2 BR | Jun. 5, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
13
$3,150
Renovated 4 Bed/2.5 Bath With Beautiful Hardwoods And Garage Close Local Schools And Carolina Forest
102 Savannah Ter Chapel Hill, NC
4 BR | Jul. 5, 2024
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
39
$768
Room In 4 Bedroom Townhome At Philip's Square
118 Philips Sq Chapel Hill, NC
1 BR | Available Now
Contact
House
14
$600
Avail Jan 3! 1-bd In 4-bd Condo In University Commons
303 Smith Level Rd #f34 Chapel Hill, NC
1 BR | Jul. 1, 2024
Contact
Heat Included
Air Conditioning
Balcony/Deck/Patio
Storage
Dishwasher
15
$2,000
704 Sykes St
Chapel Hill, NC
4 BR | Aug. 10, 2024
Contact
Disability Access
57
$2,500
$2,500 – 3-bedroom, 2-bathroom House In Chapel Hill With Great Brand-new Amenities
103 Briar Patch Ln Chapel Hill, NC
3 BR | Available Now
Contact
House
Storage
25
$1,450
Come Home To Bolinwood Condominiums - Available Now!!!!!
500 Umstead Dr Unit 202B Chapel Hill, NC
3 BR | Available Now
Contact
House
Storage
Disability Access
Pool
13
$674
Room In 3 Bedroom Home At Brooks St
315 Brooks St Chapel Hill, NC
1 BR | Available Now
Contact
House
Downtown
8
$2,700
Two Bedroom Home Within Walking Distance Of Unc With Washer/dryer !
117 Kenan St Chapel Hill, NC
2 BR | Jun. 14, 2024
Contact
House
Dishwasher
Downtown
25
$3,500
400 W Rosemary St
Chapel Hill, NC
2 BR | Jun. 1, 2024
Contact
House
Downtown
11
$1,600
Price Reduced
507 Sykes St Chapel Hill, NC
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
16
$1,500
524 Aberdeen, #205, Chapel Hill, Nc
524 Aberdeen St Chapel Hill, NC
1 BR | Jun. 5, 2024
Contact
Disability Access
18
$2,650
1422 Gilmore Rd
Chapel Hill, NC
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
21
$2,300
Available June 2024 Price Reducdd
213 N Graham St Chapel Hill, NC
2 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
1 - 30 of 65 Results
  1. Home
  2. Chapel Hill
  3. 27516

How much does it cost to rent an apartment in 27516?

27516 apartments
Bed Type Average Rent Range
Studio $1,740 $1,210 - $2,020
1BR $1,910 $600 - $2,370
2BR $2,490 $1,650 - $3,160
3BR $2,500 $1,450 - $4,280
4+BR $3,130 $2,010 - $4,180
Frequently Asked Questions

How many apartments are available in 27516 on Rentable.co?

Rentable.co has 65 apartments available for rent in 27516.

What is the average rent for an apartment in 27516?

The average rent for an apartment in 27516 is around $2,000 per month.

What is the average rent for a two-bedroom apartment in 27516?

The average rent for a two-bedroom apartment in 27516 is around $2,489 per month.

What is the average rent for a one-bedroom apartment in 27516?

The average rent for a one-bedroom apartment in 27516 is around $1,912 per month.

What is the average rent for a studio apartment in 27516?

The average rent for a studio apartment in 27516 is around $1,741 per month.

Find an Apartment in 27516
Are you searching for apartments for rent near 27516 in Chapel Hill, NC? Rentable has a variety of options available for you. Currently, there are 154 units available for rent in the 27516 zip code, with prices ranging from $600 for a 1-bedroom floor plan.

The average rent in 27516 is $2,080, presenting affordable options for individuals in the Chapel Hill area. One of the top neighborhoods in this zip code is Downtown, offering a vibrant and lively atmosphere.

Living in the 27516 area of Chapel Hill provides you with access to a wealth of nearby points of interest, parks, and community amenities. Take advantage of the close proximity to downtown attractions, restaurants, and shops. Enjoy the green spaces and recreational opportunities available at the local parks in the area.

Whether you are searching for apartments 27516 Chapel Hill, NC, or apartments near 27516, Rentable has options that suit your needs. Explore Rentable's listings in the 27516 zip code and find the perfect rental for you.

Chapel Hill:
May Rent Report

Welcome to the May 2024 Chapel Hill Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Chapel Hill rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chapel Hill and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chapel Hill average rent prices in the chart below.

Monthly Rent Report

$2,000
$1,500
$1,000
$500
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Chapel Hill Rent Prices Decrease From April to May

Chapel Hill rent prices decreased over the last month. From April to May, the city experienced a -0.27% decrease for the price of a one-bedroom apartment. The rent price for a Chapel Hill one-bedroom apartments currently stands at $1,488.0.

When we take a look at the two-bedroom comparison from April to May, Chapel Hill experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Chapel Hill two-bedroom apartments currently stands at $1,928.0.

May Prices: Chapel Hill vs. Surrounding Areas

Chapel Hill, NC
Carrboro, NC
$1,492
$1,071
$0
$500
$1,000
$1,500
$2,000
Median 1 BR Rent

Rent Prices in Chapel Hill and Surrounding Areas

Rent prices have decreased in Chapel Hill over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Chapel Hill suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Carrboro, NC .

  • Rents did not decrease in any of the Chapel Hill suburbs.

  • 1 suburb is currently priced lower than the city of Chapel Hill.

May 2024 Pricing Trends: Chapel Hill vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Chapel Hill, NC
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,492
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chapel Hill Rent Prices More Affordable Than Major Cities

Rent growth in Chapel Hill over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Chapel Hill average rent prices appear to be relatively affordable for local residents.

The price for a Chapel Hill one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chapel Hill and surrounding area rent prices, take a look at the complete data set below.

Data set for Chapel Hill and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Chapel Hill, NC $1,492.0 6.19% $1,928.0 0.52%
Carrboro, NC $1,071.0 1.52% $1,433.0 0.07%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Chapel Hill Apartments
Chapel Hill Apartments by Neighborhood
Chapel Hill Apartments by Bedrooms
Chapel Hill Apartments by Affordability
Chapel Hill Apartments with Amenities
Chapel Hill Apartments by Type
Colleges Near Chapel Hill
Chapel Hill Apartments by Zip Code