The Reserve at Meadowmont Apartments
100 Village Crossing Dr,
Chapel Hill, NC 27517
1-3 Beds | $1,766 - $10,384
Rental Market Trends in Chapel Hill, NC
What is the average rent in Chapel Hill, NC?
$1,518/month
Average Rent
741 Sq Ft
Average Apartment Size
-1.8%
Decrease in the Last Year
As of December 2024, the average rent in Chapel Hill, NC is $1,518 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Chapel Hill rent prices are 3% lower than the national average. When you rent an apartment in Chapel Hill, you can expect to pay about $1,599 per month for a studio, $1,518 for a one-bedroom apartment, and around $1,754 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,303 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Chapel Hill, NC?
In the past year, rent has decreased by 1.8%, which averages out to $27 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Chapel Hill, NC
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
2%
$700 - $1,000/month
33%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Chapel Hill?
Based on current rent prices, Governors Club, Carolina North and Northside are the most affordable neighborhoods in Chapel Hill.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Chapel Hill?
Based on current rent prices, Cameron-McCauley, Meadowmont and Downing Creek are the most expensive neighborhoods in Chapel Hill.
Neighborhood
Average Rent
Average Sq Ft
Which Chapel Hill neighborhoods have the most rentals available?
The neighborhoods in Chapel Hill with the most apartments available are Farrington, Chapel Hill East and University Place .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Chapel Hill, NC?
Because the average rent in Chapel Hill is $1,518, you’ll want to make about $5,060 per month or $60,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Chapel Hill, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Chapel Hill, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,402/month
-
Two Bedroom
$1,744/month
-
Three Bedroom
$2,178/month
-
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.