Apartments in Meadowmont Chapel Hill

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12
$945 - 1,385
1521 East Franklin Street Chapel Hill, NC
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
31
$1,700
Middlesex, NC
3 BR | Available Now
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Dog Friendly
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  3. Meadowmont
Meadowmont Neighborhood Summary

Meadowmont is a scenic planned community near Chapel Hill’s Eastern border. Narrow, historic-style roads and diverse homes characterize this tight-knit community and encourage interaction at every turn. There are several recreational areas, parks, and trails to enjoy in this area if you’re the outdoorsy type. For shopping, restaurants, and other conveniences (i.e. pharmacies and grocery stores,) you can walk right down to Meadowmont Village. Meadowmont is a fantastic neighborhood for a young professional looking to establish themselves. It’s located only minutes away from Interstate 40 and Highway 54, giving you easy access to the rest of the Research Triangle. For undergrads and grad students, UNC-CH’s campus is also close by.

Chapel Hill:
December Rent Report

Welcome to the December 2024 Chapel Hill Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Chapel Hill rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chapel Hill and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chapel Hill average rent prices in the chart below.

Monthly Rent Report

$2,100
$1,580
$1,050
$530
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Chapel Hill Rent Prices Increase From November to December

Chapel Hill rent prices increased over the last month. From November to December, the city experienced a 1.15% increase for the price of a one-bedroom apartment. The rent price for a Chapel Hill one-bedroom apartments currently stands at $1,666.0.

When we take a look at the two-bedroom comparison from November to December, Chapel Hill experienced a 2.54% increase for the price of a two-bedroom apartment. The rent price for a Chapel Hill two-bedroom apartments currently stands at $2,021.0.

December Prices: Chapel Hill vs. Surrounding Areas

Chapel Hill, NC
Carrboro, NC
$1,647
$1,082
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Chapel Hill and Surrounding Areas

Rent prices have increased in Chapel Hill over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Chapel Hill suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Carrboro, NC .

  • Rents did not decrease in any of the Chapel Hill suburbs.

  • 1 suburb is currently priced lower than the city of Chapel Hill.

December 2024 Pricing Trends: Chapel Hill vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Chapel Hill, NC
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,647
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Chapel Hill Rent Prices More Affordable Than Major Cities

Rent growth in Chapel Hill over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chapel Hill average rent prices appear to be relatively affordable for local residents.

The price for a Chapel Hill one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chapel Hill and surrounding area rent prices, take a look at the complete data set below.

Data set for Chapel Hill and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Chapel Hill, NC $1,647.0 3.33% $1,971.0 2.39%
Carrboro, NC $1,082.0 0.56% $1,447.0 -0.55%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.