$1,395 Per Month
- 2 Beds
- 1 Bath
- 880 Sq Ft
- Condo for Rent
1412 Old Lystra Rd Unit 3, Chapel Hill, NC 27517
1412 Old Lystra Rd Unit 3, Chapel Hill, NC 27517
Frequently Asked Questions
How much does it cost to rent a condo in Chapel Hill, NC?
The median rent for a condo in Chapel Hill, NC is $1,650 per month, though prices vary by neighborhood, size, and property type. As of June 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 Chapel Hill, NC?
To comfortably afford the median rent in Chapel Hill, NC, a household needs to earn roughly $98,880 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 $2,472 per month in Chapel Hill, NC, renters typically need to show $7,416 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 Chapel Hill, NC?
In Chapel Hill, NC, the price-to-rent ratio is 23.3, 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 Chapel Hill, NC are best for renting a condo?
The best neighborhood for renting in Chapel Hill, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Erwin, Brier Creek, Crabtree, Kings Mill-Morgan Creek and West Durham, each with its own character and price range.
