Apartments in 27516

1 - 30 of 54 Results
1
$1,650
113 Barclay Rd Chapel Hill, NC
Studio | Aug. 11, 2026
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28
3D Tour
$1,603 - 3,903
600 Carraway Xing Chapel Hill, NC
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
24
$2,175 - 2,821
100 Ginkgo Trl Chapel Hill, NC
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
32
$770
118 Philip's Square Chapel Hill, NC
1 BR | Ask for Availability
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
1
$3,000
128 Ridge Trl Chapel Hill, NC
3 BR | Jun. 14, 2026
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Dog Friendly
Cat Friendly
House
Surface Parking
Storage
1
$3,400
920 Hillsborough St Chapel Hill, NC
3 BR | Jul. 7, 2026
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
34
$1,495
Chapel Hill, NC
2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Air Conditioning
1
$2,400
324 Mcmasters St Chapel Hill, NC
3 BR | Aug. 10, 2026
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$1,200 - 2,050
810 Old Pittsboro Rd Chapel Hill, NC
Studio - 2 BR | Aug. 5, 2026
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$674
315 Brooks St Chapel Hill, NC
1 BR | Available Now
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House
Downtown
1
$2,600
624 Granite Mill Blvd Chapel Hill, NC
3 BR | Aug. 12, 2026
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House
Disability Access
Dishwasher
1
$1,495
Chapel Hill, NC
3 BR | Available Now
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House
Storage
Dishwasher
1
$2,500
Chapel Hill, NC
4 BR | Available Now
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Disability Access
1
$2,845
238 Deardom Way Chapel Hill, NC
3 BR | Jun. 7, 2026
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Dog Friendly
Cat Friendly
House
Fitness Center
Storage
1
$4,500
219 Abbot Pl Chapel Hill, NC
5 BR | Jul. 24, 2026
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$2,300
211 Church St Chapel Hill, NC
2 BR | Jun. 15, 2026
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Disability Access
Dishwasher
Downtown
1
$4,000
Chapel Hill, NC
5 BR | Jul. 17, 2026
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1
$4,400
212 Mccauley St Chapel Hill, NC
4 BR | Available Now
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House
Disability Access
Dishwasher
Downtown
45
$3,300
Chapel Hill, NC
3 BR | May. 15, 2026
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Dog Friendly
House
Balcony/Deck/Patio
Storage
Dishwasher
12
$725
Chapel Hill, NC
4 BR | Available Now
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Air Conditioning
Balcony/Deck/Patio
Dishwasher
1
$1,195
500 Umstead Dr Unit 103-f Chapel Hill, NC
2 BR | Available Now
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Storage
Dishwasher
1
$768
118 Philips Sq Chapel Hill, NC
1 BR | Available Now
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House
14
$2,850
Chapel Hill, NC
3 BR | Jul. 1, 2026
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Dog Friendly
House
Air Conditioning
Storage
Dishwasher
1
$1,500
433- B Northside Dr Chapel Hill, NC
1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
1
$2,750
211 Church St Chapel Hill, NC
3 BR | Ask for Availability
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House
Disability Access
Dishwasher
Downtown
1
$700
303 Smith Level Rd Unit C-22 Chapel Hill, NC
1 BR | Available Now
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Surface Parking
Storage
Disability Access
Dishwasher
1
$700
303 Smith Level Rd Apt A23 Chapel Hill, NC
1 BR | Available Now
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Storage
Disability Access
Dishwasher
Pool
21
$1,900
213 N Graham St Chapel Hill, NC
2 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
1
$2,675
218 Napa Valley Way Chapel Hill, NC
3 BR | Jul. 9, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$2,200
303 Smith Level Rd #e22 Chapel Hill, NC
4 BR | Aug. 14, 2026
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Furnished
House
Air Conditioning
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1 - 30 of 54 Results
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How much does it cost to rent an apartment in 27516?

27516 apartments
Bed Type Average Rent Range
Studio $1,640 $1,010 - $1,770
1BR $1,830 $700 - $2,280
2BR $2,520 $1,200 - $2,740
3BR $2,750 $2,020 - $3,580
4+BR $3,050 $730 - $4,500
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 112 units available for rent in the 27516 zip code, with prices ranging from $700 for a 1-bedroom floor plan.

The average rent in 27516 is $2,050, 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 2026 Chapel Hill Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
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% 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 April to May, 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 $.

May 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.

May 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 May 1 BR M/M % Change 2 BR May 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.