Apartments in 27516
60 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
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Use arrow keys to navigateNEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,577 - $3,523/mo
Studio-3 Beds
1-2 BathsCarraway Village | 600 Carraway Xing #9103,
Chapel Hill, NC 27516
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$2,298 - $2,625/mo2 Beds3-4 BathsThe Townhomes at Chapel Watch Village | 100 Ginkgo Trl #21-508,
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 for a apartment increased in Jul 2026 compared to the previous month. Rent for apartments peaked in Jan 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,514 |
| Jul 2026 | $1,646 |
Average Rent By Bedroom and Home Type
In July 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 | $1,449 | $1,800 | $2,595 | $2,595 | $2,044 |
| Townhomes | $650 | $1,895 | $2,300 | $2,500 | $1,900 |
| Apartments and Condos | $1,449 | $1,475 | $2,500 | $625 | $1,495 |
| Houses | $1,500 | $1,850 | $2,595 | $3,200 | $2,600 |
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 $1,522 per month. This is about 22% lower than the national average.
- When is the average rent for an apartment 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 for an apartment 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 $1,321 per month. That is about $162 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in 27516?There are 60 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.
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