Apartments in 27516
51 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,499 - $1,899/mo
1-3 Beds
1-2 BathsSouthern Village | 200 Copperline Dr #C305-L,
Chapel Hill, NC 27516
Use arrow keys to navigatePET FRIENDLY$1,654 - $3,903/moStudio-3 Beds1-2 BathsCarraway Village | 600 Carraway Xing #320,
Chapel Hill, NC 27516
Use arrow keys to navigateSPECIAL OFFERTotal price$768 - $1,229/mo1-3 Beds1-2 BathsTrinity Court Apartments | 751 Trinity Ct #6e6a0c82e,
Chapel Hill, NC 27516
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Average Rent Trends in 27516
Rent in 27516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,809 |
| Jul 2025 | $1,619 |
| Aug 2025 | $1,646 |
| Sep 2025 | $1,664 |
| Oct 2025 | $1,986 |
| Nov 2025 | $1,728 |
| Dec 2025 | $1,594 |
| Jan 2026 | $1,532 |
| Feb 2026 | $2,310 |
| Mar 2026 | $1,654 |
| Apr 2026 | $2,052 |
| May 2026 | $1,583 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,350 | $1,821 | $2,550 | $2,900 | $2,300 |
| Townhomes | $650 | $2,022 | $2,500 | $2,900 | $2,450 |
| Apartments and Condos | $1,250 | $1,475 | $2,539 | $2,267 | $1,499 |
| Houses | $768 | $2,300 | $2,550 | $3,000 | $2,575 |
Frequently Asked Questions about Apartments and Condos for rent in 27516
- What is the average rent of an apartment in 27516?The average rent of an apartment in 27516 is $1,523 per month. This is about 21% lower than the national average.
- When is the average rent cheapest in 27516?In the last year, the average rent in 27516 was lowest in Dec 2025 when it was $1,594 per month.
- When is the average rent most expensive in 27516?In the last year, the average rent in 27516 was highest in Jan 2025 when it was $2,349 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 27516?The average rent of a 1 bedroom apartment in 27516 is $1,359 per month. That is about $50 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 27516?There are 53 available apartments or condos to rent in 27516.
- What are some cities near 27516?Some nearby cities include: Chapel Hill, Carrboro, Saxapahaw, Pittsboro, Efland, Hillsborough. These cities may have more rental options to explore.