Updated 19 Hours Ago
Location
500 Market St #301, Chapel Hill, NC 27516, USA
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Amenities for 500 Market St #301
Features
| Carpet | Ceiling Fan |
| Central Air | Electric Heating |
| High Ceilings | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Grounds
| 2 Parking Spaces | Garage Parking |
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 500 Market St #301
Property Status: Active This attractive and spacious condo is in a secured building located in the heart of Southern Village overlooking the Village Green and the shops of Market Street. Southern Village, one of Chapel Hill's most popular communities, is a short drive or bike ride to UNC and Chapel Hill, with a convenient Park and Ride for Chapel Hill fare free bus line. Convenient to all Triangle locations. At your door are the shops, theatre, and restaurants of Market Street. Also enjoy the walking trails and area playgrounds. Join Southern Village's swim and tennis club. There is something for everyone in this community. This home includes a one car garage below the building. Featuring high ceilings and lots of light, the open floor plan includes the living area, dining area and kitchen. There is a breakfast bar divider for separation of space between the living area and kitchen. The kitchen has solid-surface countertops and stainless appliances. Both bedrooms have walk-in closets. The master bedroom also has a private bathroom and ceiling fan. There is carpet in the living room and both bedrooms. A washer and dryer are included and located in the utility room. This condo has great views of market square from every room. Water included. Pet with fee and prior approval. [Lease term through July 2027, longer term may be available, inquire for details.] $15/mo filter fee. Office Phone: (919) 673-8764 Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 500 Market St, Chapel Hill, NC 27516, USA compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- More space
- The 2-bedroom is 105 sqft larger than other listings nearby
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Images available
- There are at least 10 photos of this address
- Walk-in closet
- Rentals here may include more closet space than average
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Zip code | 27516 |
|---|---|
| Type | Condo for rent |
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Rent trends in Chapel Hill
2-bedroom apartments at 500 Market St #301 cost about 24% more than the average rent price for 2-bedroom apartments in Chapel Hill.
Median rents as of Sep 19 2026.
Chapel Hill
| Month | Median Rent |
|---|---|
| October 2024 | $1,850 |
| November 2024 | $1,768 |
| December 2024 | $1,772 |
| January 2025 | $1,859 |
| February 2025 | $1,902 |
| March 2025 | $1,910 |
| April 2025 | $1,948 |
| May 2025 | $1,852 |
| June 2025 | $1,894 |
| July 2025 | $1,841 |
| August 2025 | $1,798 |
| September 2025 | $1,785 |
| October 2025 | $1,781 |
| November 2025 | $1,818 |
| December 2025 | $1,762 |
| January 2026 | $1,769 |
| February 2026 | $1,828 |
| March 2026 | $1,906 |
| April 2026 | $1,886 |
| May 2026 | $1,849 |
| June 2026 | $1,786 |
| July 2026 | $1,737 |
| August 2026 | $1,689 |
| September 2026 | $1,687 |
Affordability calculator
Can I afford to live at 500 Market St #301?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$84,360/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,360 annually to afford this 2-bedrooms monthly rent price of $2,109.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 2 years ago | $1,650 | 1 bed | 1.5 bath | ||
| 4 years ago | $1,660 | 2 bed | 2 bath | ||
| 6 years ago | $1,250 | 1 bed | 1.5 bath | ||
| 6 years ago | $1,450 | 2 bed | 2 bath | ||
| 8 years ago | $1,195 | 1 bed | 1.5 bath | ||
| 10 years ago | $1,450 | 2 bed | 2 bath | ||
| 10 years ago | $1,195 | 1 bed | 1.5 bath | ||
| 11 years ago | $1,395 | 2 bed | 2 bath | ||
| 11 years ago | $1,165 | 1 bed | 2.5 bath |
Schools near 500 Market St #301
Scroggs Elementary School
501 kildaire rd
chapel hill, NC, 27516
PK, K-5Public
A
Chatham Grove Elementary School
1301 andrews store rd
pittsboro, NC, 27312
PK, K-5Public
A
Buncombe County Schools Virtual Academy
NC
K-12Public
C+
Hortons Creek Elementary
7615 o'kelly chapel rd
cary, NC, 27519
PK, K-5Public
A
White Oak Elementary School
1512 white oak church rd
apex, NC, 27523
PK, K-5Public
A
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Internet available near 500 Market St #301
Neighborhood
Getting around Chapel Hill near 500 Market St #301
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 500 Market St #301, Chapel Hill
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Nightlife
2/10
Few or no bars within walking distance
Other units at this address
500 Market St, Chapel Hill, NC
500 Market St Chapel Hill, NC
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1.5 Baths
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