Apartments in 27516
67 rentals
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Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$2,057 - $2,946/mo
2 Beds
3-4 BathsThe Townhomes at Chapel Watch Village | 100 Ginkgo Trl,
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 Sep 2026 compared to the previous month. Rent for apartments peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,986 |
| Nov 2025 | $1,728 |
| Dec 2025 | $1,594 |
| Jan 2026 | $1,532 |
| Feb 2026 | $2,310 |
| Mar 2026 | $1,655 |
| Apr 2026 | $2,050 |
| May 2026 | $1,583 |
| Jun 2026 | $1,514 |
| Jul 2026 | $1,645 |
| Aug 2026 | $1,340 |
| Sep 2026 | $1,497 |
Average Rent By Bedroom and Home Type
In October 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 | $1,300 | $1,700 | $2,400 | $3,281 | $2,195 |
| Townhomes | $1,245 | $1,900 | $2,133 | $2,685 | $2,133 |
| Apartments and Condos | $1,200 | $1,500 | $2,400 | $2,800 | $1,800 |
| Houses | $1,295 | $2,200 | $2,400 | $3,567 | $2,489 |
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 $1,785 per month. This is about 8% 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 $1,368 per month. That is about $273 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 27516?There are 69 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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