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Apartments in 27516

61 - 70 of 70 Results
$1,245
500 Umstead Dr Unit 304-d
Chapel Hill, NC
2 BR | Available Now
Contact
House
Storage
$1,445
500 Umstead Dr Unit 107-b
Chapel Hill, NC
3 BR | Available Now
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House
Storage
$1,575
500 Umstead Dr Unit 208-c
Chapel Hill, NC
3 BR | Available Now
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House
Air Conditioning
Storage
Disability Access
Dishwasher
$3,600
325 Smith Level Rd
Chapel Hill, NC
6 BR | Aug. 1, 2024
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House
$1,700
Sweet 2 Bedroom - Close To Unc & Carrboro
8609 Union Grove Church Rd Chapel Hill, NC
2 BR | Jul. 10, 2024
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Dog Friendly
Cat Friendly
House
Dishwasher
$3,500
Gorgeous 4 Bedroom House + Bonus Room In Briar Chapel!
255 Chauncey Cir Chapel Hill, NC
3 BR | Aug. 1, 2024
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Dog Friendly
Cat Friendly
House
Dishwasher
$950
Chapel Hill/1br Duplex S. Merritt Mill Avail
725- B South Merritt Mill Rd Chapel Hill, NC
1 BR | Available Now
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House
$1,650
907 Dawes
Chapel Hill, NC
2 BR | Jun. 1, 2024
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House
$4,500
An Modern Energy-efficient Home Made For Nature Lovers! (may Or June Move In)
1911 Billabong Ln Chapel Hill, NC
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
$2,250
Location, Location!! Beautifully Updated 2 Bedroom 2.5 Bath House W/ Bonus Loft, Off-street Parking Near Unc Campus, Downtown!
107 Grant St Chapel Hill, NC
2 BR | Available Now
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House
61 - 70 of 70 Results
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How much does it cost to rent an apartment in 27516?

27516 apartments
Bed Type Average Rent Range
Studio $1,650 $1,210 - $1,980
1BR $1,790 $600 - $2,370
2BR $2,400 $1,650 - $3,200
3BR $2,500 $1,450 - $4,100
4+BR $3,000 $2,000 - $3,850
Frequently Asked Questions

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

Rentable.co has 70 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 $2,401 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 $1,787 per month.

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

The average rent for a studio apartment in 27516 is around $1,648 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 155 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 $2,020, 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.

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