Apartments in Gimghoul Chapel Hill

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$700
303 Smith Level Rd Unit C-22 Chapel Hill, NC
1 BR | Available Now
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$2,750
121 Ivy Brook Ln Chapel Hill, NC
4 BR | Apr. 15, 2026
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$1,900
103 Duchess Ln Chapel Hill, NC
2 BR | May. 1, 2026
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Gimghoul Neighborhood Summary

Gimghoul is one of Chapel Hill’s oldest and most beloved historic districts, located right outside of UNC-CH’s campus. This area is not only beloved for its beautiful historic homes and close proximity to the university, but also for its famous landmarks and folklore. The neighborhood is surrounded by Battle Park, a large wooded piece of land that is home to the Forest Theater – a lovely amphitheater that hosts outdoor performances – and the strange Gimghoul Castle, said to be the headquarters of a UNC-CH’s secret society. Though many of the houses in this area are picturesque residences meant for UNC-CH professors, there are a select few properties that can be a great find for grad students or college students who want a little extra peace and quiet.

Chapel Hill:
April Rent Report

Welcome to the April 2026 Chapel Hill Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2026 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

$2,150
$1,610
$1,080
$540
$0
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
1 BR       2 BR

Chapel Hill Rent Prices Decrease From March to April

Chapel Hill rent prices decreased over the last month. From March to April, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Chapel Hill one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from March to April, Chapel Hill experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Chapel Hill two-bedroom apartments currently stands at $.

April Prices: Chapel Hill vs. Surrounding Areas

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 0 of the Chapel Hill suburbs 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:

  • Rents did not increase in any of the Chapel Hill suburbs

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

April 2026 Pricing Trends: Chapel Hill vs. National Comparisons

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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

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.