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Studio Apartment for Rent in Carrboro, NC

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  • 500 Smith Level Rd, Carrboro, NC 27510
    500 Smith Level Rd, Carrboro, NC 27510
    500 Smith Level Rd, Carrboro, NC 27510
    /65

    Starting at $958 Per Month

    • Studio - 3 Beds

    500 Smith Level Rd, Carrboro, NC 27510

    At The Villages of Chapel Hill, you'll experience relaxing apartment living in an unrivaled location. Recharge in one of our spacious one, two and three-bedroom apartment homes, situated amongst lush landscaping and an abundance of trees. When you're ready for the action, you're just two miles from UNC Chapel Hill. Ready to explore? Take the D&J Bus line to Franklin Street and downtown Chapel

    The Villages of Chapel Hill

    (984) 214-4284

    500 Smith Level Rd, Carrboro, NC 27510
North Carolina Orange County Carrboro

Studio Homes for Rent in Carrboro, NC

Why Live in Carrboro

Carrboro, North Carolina, is a progressive town with around 21,500 residents located in the Triangle Region. Known for its pedestrian-friendly environment, residents can easily walk or bike through Downtown Carrboro to explore art galleries, organic markets, and locally owned businesses. The town is less than 2 miles from the University of North Carolina Chapel Hill, making it convenient for students and faculty. Homebuyers will find colorful bungalows and ranch-style homes, with median single-family home prices around $630,000. Chapel Hill-Carrboro City Schools are highly rated, serving over 11,000 students with various magnet programs. Outdoor enthusiasts can enjoy the Bolin Creek Greenway, a 2.5-mile paved trail, and Anderson Community Park, which offers sports fields, courts, and a pond for fishing. Carr Mill Mall features unique shops and eateries, while Weaver Street Market serves as a popular social gathering spot. The Carrboro Farmers’ Market operates year-round, and the town hosts several festivals, including the Carrboro Music Festival and Carrboro Film Festival. Free public transit provided by Chapel Hill Transit and proximity to Interstates 40 and 85 make commuting easy. Carrboro has no current crime data available.

Learn more about living in Carrboro

Frequently Asked Questions

How much does it cost to rent a home in Carrboro, NC?
The median rent for a home in Carrboro, NC is $1,725 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Carrboro, NC?
To comfortably afford the median rent in Carrboro, NC, a household needs to earn roughly $69,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,725 per month in Carrboro, NC, renters typically need to show $5,175 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Carrboro, NC?
In Carrboro, NC, the price-to-rent ratio is 23.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Carrboro, NC are best for renting a home?
The best neighborhood for renting in Carrboro, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Patterson Place, Erwin, South Durham, Old West Durham and City Center, each with its own character and price range.

Rental Home Trends in Carrboro, NC

There are currently 1 homes available for rent in Carrboro, NC. The median rent is $1,725 per month, with single-family homes renting at $1,895, townhouses at $1,600 and condos at $1,495.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,725
Median Single Family Home Rent
$1,895
Median Townhouse Rent
$1,600
Median Condo Rent
$1,495
How to Rent a Home

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