To those of you with apartment questions...i currently have an apartment in carrboro, and i'm familiar with several of the complexes in the area. i'd say one of the most important things is to find a place on the bus line. the buses are free, and since parking on campus is a huge pain, most students just take the bus. here's a map of the bus routes, but its kind of hard to read. let me know if you have a question about if a certain place is on the route..
http://www.townofchapelhill.org/index.asp?NID=793
as for good places to look..carrboro is definitely cheaper, and there's plenty of places in carrboro that are only a few miles from campus. there aren't many new places in chapel hill or carrboro, but some have been renovated. there are some new condos down 15-501..providence glen condominiums. they are very nice but pricey. one thing about 15-501 is that there are a lot of lights and it tends to get packed around rush hours. there's a place off NC 54 called Finley Forest that is like townhomes. a lot of them are rented out by landlords, but you might find one for sale. there are also glen lennox cottages, which i guess you would call one story townhomes. some of the newer apartment complexes that are coming to mind are meadowmont and southern village.
phew, this is getting long so i better wrap it up here... if anyone wants help, let me know what sort of place you have in mind and i'll try to suggest ones i know of. any questions at all, i'd be happy to help with!
have a great week everyone and i can't wait to meet you all!
Congrats to all those accepted and Good Luck to all those still waiting!! 
