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1515 E Franklin St

Chapel Hill, NC 27514 - Orange County

House

2 beds

2 baths

1,192 sqft

About 1515 E Franklin St

Welcome to this inviting 2-bedroom, 2-bathroom home located at 1515 E. Franklin Street in the heart of Chapel Hill. This home provides convenient access to downtown Chapel Hill, the University of North Carolina, shopping, dining, public transportation and major commuter routes. Inside, you'll find a comfortable and functional floor plan with generously sized bedrooms and excellent closet space, providing plenty of storage throughout the home. The well-maintained interior creates a warm and welcoming atmosphere, perfect for everyday living. Residents will appreciate the beautifully landscaped grounds surrounding the property, featuring mature greenery and attractive outdoor spaces. The community's classic Georgian-style architecture adds timeless charm and curb appeal, creating a distinctive and elegant setting. Enjoy the convenience of a central location combined with the comfort of a thoughtfully maintained home. Offered for lease by Park Real Estate Management. Applicants must have 650+ credit score and income 2.5x monthly rental rate. $75 application fee per tenant over 18 years of age. $100 tenant onboarding fee for each adult applicant. Stove, Refrigerator, Dishwasher, Washer/Dryer, Water, Landscaping & Parking spot #12. Pet Friendly.

RentalSource last checked: June 12, 2026 · 2:42 PM ET

Managed by: Park Real Estate Management · (919) 444-2204 · Appfolio

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	House
Rental Fee:	$1,800
Bedrooms:	2 beds
Bathrooms:	2 baths

Size:	1,192 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	83802834

Property Amenities

• Dishwasher

• Pet Friendly

• Refrigerator

• Washer/Dryer In Unit

• Walk-in Closets

Community Features

• Public Transportation

• Parking

• Storage

Additional Details

House for rent in Chapel Hill for $1,800 with 2 beds, 2 baths, 1,192 sqft, pet friendly and located at 1515 E Franklin St in Chapel Hill, NC 27514. The rental price of $1,800 is 12.9% ($266) lower than the average rent of $2,066 for a 2 bedroom house in Chapel Hill, NC and 0.6% ($10) higher than the average rent of $1,790 for a 2 bedroom house in Orange County. 1515 E Franklin St was advertised by Park Real Estate Management today at 9:30 AM ET and last updated at 2:42 PM ET.

Affordability Calculator

Can I afford to live at 1515 E Franklin St?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$72,000 /year

With your chosen rent-to-income ratio, an annual income of $72,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,800 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

House for rent

$1,800

Rent Affordability Calculator

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Property managed by:

Park Real Estate Management
(919) 444-2204

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.