Chapel Hill, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Chapel Hill, North Carolina rental market.
Chapel Hill, North Carolina
Average Apartment Rent
$1,749
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of May 2026
Compared to a year ago, Chapel Hill, North Carolina apartments have recorded a -1.5% rent decrease.
Chapel Hill, North Carolina Average apartment rent trend
Chapel Hill, North Carolina Average Apartment Rent
Chapel Hill, North Carolina Apartment rent ranges
At 46.87%, apartments priced $1,000 - $1,500 represent the bulk of Chapel Hill, North Carolina rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.26%.
Chapel Hill, North Carolina Housing tenure**
Renters take up 50% of Chapel Hill, North Carolina real estate, occupying a total of 9,986 units, while homeowners live in 9,979 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$44,828
Average household size of renter-occupied housing units**
2.18
Rental vacancy rate**
6.5%
Chapel Hill, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 4,817 rentals in Chapel Hill, North Carolina with 2 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 131 units. Overall, the median number of rooms in Chapel Hill, North Carolina homes for rent is 4.1.
Chapel Hill, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Chapel Hill, North Carolina are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 15 - 24 years age group (28%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Chapel Hill, North Carolina Renter-occupied housing units by family type**
Chapel Hill, North Carolina Renter-occupied housing units by the presence of own children**
A total of 3,080 apartments for rent in Chapel Hill, North Carolina, or 31% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 1,677 units. All in all, the median size of a renter-occupied household in Chapel Hill, North Carolina is 2.18.
Chapel Hill, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 61% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Chapel Hill, North Carolina.
Chapel Hill, North Carolina Renter-occupied units by year structure built**
The highest share of Chapel Hill, North Carolina apartment rentals, namely 17% or 1,730 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (16%, 1,620 units), and the ones Built 1970 - 1979 (15%, 1,516 units).
Chapel Hill, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Chapel Hill, North Carolina renters (49%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Chapel Hill, North Carolina condos for rent is 2019.
Chapel Hill, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Chapel Hill, North Carolina renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 11% have No vehicle available.
Chapel Hill, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Chapel Hill, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chapel Hill, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
