Find Rentals in Chapel Hill

Houses for Rent

Apartments for Rent

Explore Listings

Property Managers

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

1 / 10

Verified

Pet Friendly

Air Conditioning

500 Umstead Dr #B203

Chapel Hill, NC 27516 - Orange County

Condo

2 beds

1.5 baths

923 sqft

About 500 Umstead Dr #B203

One Month Free. Price shown reflects this prorated over a 13 month lease. Welcome to Unit B203 at 500 Umstead Drive - a beautifully renovated 2-bedroom condo that effortlessly blends style, function and comfort. This light-filled home features an open-concept living space with sleek Lvp flooring throughout and a fresh, modern color palette. This updated kitchen is a true showstopper, boasting stainless steel appliances, shaker-style cabinetry in contrasting tones, quartz-look countertops, a chic subway tile backsplash and a breakfast bar perfect for casual dining or entertaining. The spacious living area flows seamlessly into a large sliding glass door that leads to a private, tree-lined balcony - perfect for your morning coffee or evening wind-down. Enjoy recessed lighting, designer pendant fixtures and a seamless layout that maximizes space and natural light. Tucked away in a tranquil community just minutes from UNC-Chapel Hill, local dining, shopping and parks, this unit offers both convenience and quiet charm. Come tour this beauty today. $79 Application Fee per Adult. 650 Credit Score Preferred. Preferred Combined Income: 3X Net or 4X Gross Monthly Rental Amount. Felony convictions within the last 10 years may result in denial. Past or present registration as a sex offender may result in denial. Please verify credentials before applying. Application fees are Not refundable. In addition to this application, you will also be required to provide a valid copy of photo Id, a landlord reference and proof of income. Pets are negotiable....

RentalSource last checked: June 12, 2026 · 8:00 AM ET

Last updated: June 2, 2026 at 2:29 PM ET

Managed by: Element Property Management · (984) 230-9200 · ShowMojo

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Condo
Rental Fee:	$1,380
Bedrooms:	2 beds
Bathrooms:	1.5 baths

Size:	923 sqft
Pet Friendly:	Yes
Listing Status:	Active
ID:	83737734

Property Amenities

• Air Conditioning

• Balcony/Patio

• Pet Friendly

Additional Details

Condo for rent in Chapel Hill for $1,380 with 2 beds, 1.5 baths, 923 sqft, pet friendly and located at 500 Umstead Dr #B203 in Chapel Hill, NC 27516. The rental price of $1,380 is 33.2% ($686) lower than the average rent of $2,066 for a 2 bedroom condo in Chapel Hill, NC and 22.9% ($410) lower than the average rent of $1,790 for a 2 bedroom condo in Orange County. 500 Umstead Dr #B203 was advertised by Element Property Management on June 2, 2026 at 7:51 AM ET and last checked today at 8:00 AM ET.

Affordability Calculator

Can I afford to live at 500 Umstead Dr #B203?

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

$55,200 /year

With your chosen rent-to-income ratio, an annual income of $55,200 is recommended to comfortably afford this 2-bedroom rental priced at $1,380 per month.

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

Condo for rent

$1,380

Rent Affordability Calculator

Interested in 500 Umstead Dr #B203?

Find out more about this property & see if it's available now.

Property managed by:

Element Property Management
(984) 230-9200

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