The rent in Chapel Hill keeps going up — way up. The average rent price in the Town climbed 1.9 percent in November and has gone up 16 percent from last year's rate.
Across North Carolina, rent prices are soaring, with all ten of the largest cities in the state experiencing increases in rent prices in the past year.
Median rents in Chapel Hill are currently $1,275 for a one-bedroom apartment and $1,388 for a two-bedroom.
“We know that we have a housing problem — if not a crisis — in Chapel Hill,” Chapel Hill Mayor Pro Tem Michael Parker said.
Parker said he understands that rent increases of this magnitude are making it challenging for Chapel Hill residents to find affordable places to live — something he said the Town Council is working to address.
“What we are trying to do is create more options for folks through direct involvement with projects like 2200 Homestead,” Parker said.
The 2200 Homestead Rd. project was passed by the council in May to support affordable housing development on Town-owned land.
Savinna Mangalindan, a recent UNC graduate, transferred in as a junior and lived at Chapel Ridge. She felt like she was getting a fair cost of living compared to other apartments.
But when it came time to renew her lease, the rent price increased even though there were no significant changes to the apartment complex.