Franklin Woods - Students: Save up to 10%!
1521 E Franklin St,
Chapel Hill, NC 27514
$1,480 - $2,255 | 1-2 Beds
University Place
Chapel Hill, NC
University Place - Chapel Hill, NC
Area Guide
The perfect neighborhood for shopping and fun
Shops
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Restaurants
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Community
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Events
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UNC
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Park Space
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Outdoors
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Beginning along Fordham Boulevard and extending west toward Eastwood Lake, University Place is the location of its namesake mall. As Chapel Hill's only indoor mall, University Place is considered the region's premier shopping destination. In addition to its shops, restaurants, and movie theater, special events -- including the Chapel Hill Farmers Market -- are held at University Place. Kidzu Children's Museum is located inside the mall. Another large shopping plaza, the East Gate Shopping Center, provides more shops, restaurants, and a Whole Foods Market.
At the south end of the neighborhood, Community Park hosts a community center and access to two hiking trails: Battle Branch Trail and Bolin Creek Trail. The park also offers a playground, a pavilion, picnic areas, a basketball court, and a community rose garden. Of course, University Place also reflects its location to the University of North Carolina at Chapel Hill, located about two miles south of University Place.
Rent Trends
As of August 2025, the average apartment rent in University Place is $1,617 for a studio, $1,811 for one bedroom, and $2,085 for two bedrooms. Apartment rent in University Place has increased by 6.2% in the past year.
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Studio
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580 sq ft
Average Sq Ft
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$1,617/month
Average Rent
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1 BR
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750 sq ft
Average Sq Ft
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$1,811/month
Average Rent
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2 BR
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1,046 sq ft
Average Sq Ft
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$2,085/month
Average Rent
Transportation
68
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
35
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
75
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Coker Arboretum
- Morehead Planetarium & Science Center
- KidZu Children's Museum
- North Carolina Botanical Garden
- Piedmont Wildlife Center
Military Bases
Airports
- Raleigh-Durham International
Top Apartments in University Place
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.