What is the average rent of an apartment in 27516?

The average rent of an apartment in 27516 is $1,445 per month. This is about 26% 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 Feb 2025 when it was $1,890 per month.

When is the average rent most expensive in 27516?

In the last year, the average rent in 27516 was highest in Oct 2025 when it was $2,438 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 $1,395 per month. That is about $160 more than the cost of a studio apartment.

How many available rental listings are in 27516?

There are 126 available rental listings 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.

Luxury Apartments for Rent in 27516

120 rentals

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FURNISHED
$12,000/mo
5 Beds
3.5 Baths
3,900 sqft
101 Springhill Forest Pl,
Chapel Hill, NC 27516
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FURNISHED
$6,839/mo
3 Beds
3 Baths
2,066 sqft
500 W Rosemary St #ID1300722P,
Chapel Hill, NC 27516
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$5,200/mo
3 Beds
2 Baths
1,100 sqft
215 N Columbia St,
Chapel Hill, NC 27516
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$5,000/mo
4 Beds
3 Baths
2,512 sqft
311 Columbia Pl E,
Chapel Hill, NC 27516
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APPLY INSTANTLY
FURNISHED
$4,800/mo
4 Beds
3.5 Baths
3,200 sqft
100 Anglese Ct,
Chapel Hill, NC 27516
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APPLY INSTANTLY
PET FRIENDLY
$4,200/mo
4 Beds
3.5 Baths
2,500 sqft
507 Highgrove Dr,
Chapel Hill, NC 27516
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APPLY INSTANTLY
PET FRIENDLY
$4,000/mo
5 Beds
3 Baths
3,367 sqft
425 New Parkside Dr,
Chapel Hill, NC 27516
$4,000/mo
4 Beds
2 Baths
441 McCauley St #100,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$3,400/mo
4 Beds
2.5 Baths
2,058 sqft
208 Tyner Loop Cir,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$3,350/mo
4 Beds
3 Baths
2,531 sqft
201 Bluffwood Ave,
Chapel Hill, NC 27516
$3,300/mo
3 Beds
3 Baths
2,386 sqft
101 Salt Cedar Ln,
Chapel Hill, NC 27516
$3,250/mo
3 Beds
2.5 Baths
2,608 sqft
350 Cardinal Rdg,
Chapel Hill, NC 27516
SPECIAL OFFER
PET FRIENDLY
$1,377 - $3,021/mo
Studio-3 Beds
1-2 Baths
Carraway Village | 600 Carraway Xing,
Chapel Hill, NC 27516
PET FRIENDLY
$2,995/mo
4 Beds
2.5 Baths
2,428 sqft
444 Beacon Ridge Blvd,
Chapel Hill, NC 27516
NEW - 2 DAYS AGO
$2,995/mo
4 Beds
2 Baths
205 Sunrise Ln #1,
Chapel Hill, NC 27516
$2,995/mo
4 Beds
2 Baths
205 Sunrise Ln #D-1,
Chapel Hill, NC 27516
PET FRIENDLY
$2,940/mo
4 Beds
3 Baths
2,200 sqft
2397 Briar Chapel Pkwy,
Chapel Hill, NC 27516
SPECIAL OFFER
PET FRIENDLY
$1,676 - $2,932/mo
Studio-2 Beds
1-2 Baths
95 Market,
Chapel Hill, NC 27516
APPLY INSTANTLY
$2,900/mo
4 Beds
3 Baths
3,670 sqft
1641 Holly Creek Ln,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
FURNISHED
$2,900/mo
3 Beds
2.5 Baths
1,850 sqft
412 Lena Cir,
Chapel Hill, NC 27516
SPECIAL OFFER
PET FRIENDLY
$2,057 - $2,878/mo
2 Beds
3-4 Baths
The Townhomes at Chapel Watch Village | 100 Ginkgo Trl,
Chapel Hill, NC 27516
PET FRIENDLY
$2,800/mo
4 Beds
2.5 Baths
216 Greene St,
Chapel Hill, NC 27516
$2,800/mo
4 Beds
2.5 Baths
216 Greene St #A,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$2,745/mo
4 Beds
3.5 Baths
2,900 sqft
100 N Camellia St,
Chapel Hill, NC 27516
PET FRIENDLY
$2,700/mo
3 Beds
2.5 Baths
2,229 sqft
485 Wildwind Dr,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
FURNISHED
$2,700/mo
3 Beds
2 Baths
1,832 sqft
1515 Twisted Oak Dr,
Chapel Hill, NC 27516
APPLY INSTANTLY
$2,660/mo
4 Beds
3 Baths
2,355 sqft
106 Christine Ct,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$2,650/mo
Total price
4 Beds
2 Baths
1,450 sqft
505 Pine Bluff Trl,
Chapel Hill, NC 27516
APPLY INSTANTLY
$2,650/mo
3 Beds
2.5 Baths
1,650 sqft
73 Grovewood Ln,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$2,600/mo
3 Beds
2.5 Baths
2,026 sqft
120 S Fields Cir,
Chapel Hill, NC 27516
$2,600/mo
4 Beds
3 Baths
2,147 sqft
228 Oak Summit Pl,
Chapel Hill, NC 27516
APPLY INSTANTLY
$2,595/mo
3 Beds
2 Baths
1,682 sqft
209 Hunter Hill Rd,
Chapel Hill, NC 27516
PET FRIENDLY
$2,595/mo
3 Beds
2 Baths
1,610 sqft
100 Woodbend Ct,
Chapel Hill, NC 27516
$2,550/mo
4 Beds
2.5 Baths
2,064 sqft
101 Savannah Terrace,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$2,500/mo
3 Beds
2 Baths
1,568 sqft
139 Windsor Cir,
Chapel Hill, NC 27516
APPLY INSTANTLY
PET FRIENDLY
$2,500/mo
3 Beds
1 Bath
1,100 sqft
223 Barclay Rd,
Chapel Hill, NC 27516
PET FRIENDLY
$2,500/mo
4 Beds
2.5 Baths
314 Brandywine Rd,
Chapel Hill, NC 27516
$2,400/mo
3 Beds
2 Baths
1,170 sqft
113 Grant St,
Chapel Hill, NC 27516
PET FRIENDLY
$2,400/mo
3 Beds
3 Baths
2,400 sqft
218 Napa Valley Way,
Chapel Hill, NC 27516
APPLY INSTANTLY
$2,400/mo
3 Beds
4 Baths
1,945 sqft
1239 Great Ridge Pkwy,
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 Aug 2026 compared to the previous month. Rent previously peaked in Oct 2025.

Month	Average rent
Sep 2025	$2,400
Oct 2025	$2,438
Nov 2025	$2,300
Dec 2025	$2,295
Jan 2026	$2,250
Feb 2026	$2,200
Mar 2026	$2,200
Apr 2026	$2,300
May 2026	$2,300
Jun 2026	$2,200
Jul 2026	$2,200
Aug 2026	$2,150

View as a graph

Average Rent By Bedroom and Home Type

In August 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	$1,395	$1,600	$2,400	$2,800	$2,150
Townhomes	$650	$1,950	$2,395	$2,770	$2,022
Apartments and Condos	$1,449	$1,425	$2,156	$1,800	$1,480
Houses	$1,395	$1,750	$2,500	$3,000	$2,500

Frequently Asked Questions about Rentals in 27516

What is the average rent of an apartment in 27516?
The average rent of an apartment in 27516 is $1,445 per month. This is about 26% 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 Feb 2025 when it was $1,890 per month.
When is the average rent most expensive in 27516?
In the last year, the average rent in 27516 was highest in Oct 2025 when it was $2,438 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 $1,395 per month. That is about $160 more than the cost of a studio apartment.
How many available rental listings are in 27516?
There are 126 available rental listings 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.