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Location

116 Kenan St, Chapel Hill, NC 27516, USA
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Floor plans

1BR/1.0BA1 bed1 bath785 sqftLease Pending Enjoy the best of Chapel Hill living in this 1-bedroom and 1-bathroom apartment ideally located just a short distance from all the shopping, dining, and entertainment Franklin Street has to offer. Plus, you're less than half a mile from UNC campus! Spanning 800 square feet across two levels, this move-in-ready unit offers the perfect blend of comfort, space, and convenience. Enjoy a private back patio ideal for entertaining guests, relaxing outdoors, or unwinding after a long day. With a functional layout and inviting features throughout, this space is ready to welcome its next tenant! Water/Sewer, Gas, and Electricity Included! Offered for lease by Park Real Estate Management. Contact Kaylin Maxwell at info@park-properties.com for more information and to schedule a tour. 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. Resident Benefits package $40/unit.
3BR/1.0BA3 bed1 bath1,200 sqftSTUDENTS ONLY: ONE bedroom for sublease for Spring Semester This spacious unit features 3 bedrooms and 1 bathroom, with all three bedrooms conveniently located upstairs. The main floor includes living area, dining area, kitchen, and laundry space tucked under the stairs. The entire unit has recently been refreshed with carpet and paint. The kitchen is equipped with sleek stainless steel appliances, and a washer and dryer is included in the unit, making laundry a breeze. The full bathroom features a tub. Residents can enjoy the quintessential Chapel Hill experience relaxing on the large front porch, and a gravel parking lot is available in the back for added convenience. This historic home offers an unbeatable location with immediate access to dining, shopping, and campus life, and is in move-in-ready condition! This property is offered for lease through Park Real Estate Management. Contact Broker Shannon Stark at info@park-properties to schedule a tour. Applicants / Co-signers must have 650+ credit score and income 3x the monthly lease rate in order to qualify. $75 application fee per applicant. $100 per adult tenant onboarding fee.

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Rent trends in Chapel Hill

Median rents as of Oct 24 2026.
Chapel Hill
A table of studio rental data trends in Chapel Hill
MonthMedian Rent
November 2024$1,657
December 2024$1,651
January 2025$1,646
February 2025$1,619
March 2025$1,600
April 2025$1,592
May 2025$1,596
June 2025$1,630
July 2025$1,623
August 2025$1,627
September 2025$1,671
October 2025$1,728
November 2025$1,696
December 2025$1,689
January 2026$1,728
February 2026$1,716
March 2026$1,699
April 2026$1,703
May 2026$1,727
June 2026$1,597
July 2026$1,437
August 2026$1,479
September 2026$1,568
October 2026$1,597

Schools near 116 Kenan Street

Chatham Grove Elementary School

1301 andrews store rd

pittsboro, NC, 27312

PK, K-5Public
A

Hortons Creek Elementary

7615 o'kelly chapel rd

cary, NC, 27519

PK, K-5Public
A

Buncombe County Schools Virtual Academy

NC

K-12Public
C+

Ignite Online Academy

5321 ephesus church rd.

durham, NC, 27707

K-12Public

White Oak Elementary School

1512 white oak church rd

apex, NC, 27523

PK, K-5Public
A
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Getting around Chapel Hill near 116 Kenan St

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 116 Kenan St, Chapel Hill

Groceries

6/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

8/10
Wide variety of cafés within a few minutes’ walk

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Nightlife

9/10
Wide variety of bars within a few minutes' walk

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