Last updated
Average Rent in Chapel Hill 27514 & Rent Trends
Rent prices and market trends across 4 apartment communities in Chapel Hill 27514, Chapel Hill, NC. Updated daily.
Market Average
$1,966/mo
▼ 1% from last month
Lowest Available
$1,308/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
14
available now
Price Cuts This Week in Chapel Hill 27514
5 listed units across 2 buildings offering 2 bed units in Chapel Hill 27514 dropped their asking rent in the past 7 days, an average cut of $37/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Carraway Village Apartments | Unit 1 | $1,867 | $1,794 | $73 |
| Carraway Village Apartments | Unit 2 | $1,638 | $1,603 | $35 |
| Timber Hollow Apartment Homes | Unit 226, Mahogany | $1,339 | $1,308 | $31 |
| Timber Hollow Apartment Homes | Unit 346 | $1,053 | $1,027 | $26 |
| Timber Hollow Apartment Homes | Unit 234 | $1,469 | $1,449 | $20 |
Chapel Hill 27514 vs Chapel Hill, NC Average
Chapel Hill 27514 is more expensive than the Chapel Hill, NC average by $403/mo (26%). The citywide average is $1,563/mo across all neighborhoods.
Is Rent Going Up or Down in Chapel Hill 27514?
As of September 2026, the average rent in Chapel Hill 27514 is $1,966 per month across 4 apartment communities and 14 available units. Rents have decreased $20 (1%) over the past month.
The most affordable option is Timber Hollow Apartment Homes starting at $1,308/mo. By unit type, a 2-bedroom averages $1,966/mo.
Prices range from $1,308 to $2,772 per month. The most common price point is the $1,800 range, where 7 units are currently listed.
Chapel Hill 27514 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,838 | - | 5 |
| August 2026 | $1,771 | -$67 | 5 |
| September 2026 | $1,738 | -$33 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Chapel Hill 27514
Rent Prices by Apartment in Chapel Hill 27514
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Timber Hollow Apartment Homes | $1,308/mo | $1,395/mo | 3 | 3.3 |
| Bell Chapel Hill | $1,875/mo | $1,978/mo | 9 | 4.8 |
| Carraway Village Apartments | $2,766/mo | $2,766/mo | 1 | 4.7 |
| 900 Willow | $2,772/mo | $2,772/mo | 1 | 5 |
Frequently Asked Questions About Rent in Chapel Hill 27514
What is the average rent in Chapel Hill 27514?
Is rent going up or down in Chapel Hill 27514?
What is the cheapest apartment in Chapel Hill 27514?
How many apartments are available in Chapel Hill 27514?
What salary do I need to live comfortably in Chapel Hill 27514?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$79,000/year
Based on the 30 percent rule, using our tracked average rent of $1,966/mo.
Comfortable income
$94,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,308/mo), you need to earn at least $52,000/year.
Median household income in Chapel Hill 27514 is $85,825 , about 9% below the comfortable-living threshold.
Cost of living in Chapel Hill 27514
Overall prices in Chapel Hill 27514 runs below the national average by about 3% (BEA Regional Price Parity index 97.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Chapel Hill 27514's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,966 |
| Utilities | $415 |
| Groceries | $523 |
| Transportation | $988 |
| Healthcare | $482 |
| Other goods and services | $771 |
| Estimated total | $5,144/mo |
Population
59,889
Median household income
$85,825
Census median rent
$1,483/mo
Census rent burden
35.6%
Median age
25.8
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Chapel Hill 27514 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Chapel Hill 27514 Apartments
Browse all 4 communities with daily-updated pricing and availability.