I was down there this week and saw some apartments right by the school. There was a sign advertising "you can bike to UNC from here." I forget the name of the development, but at least now you know places exist😀 I just bought a place that is a five minute drive from the school--Providence Glen Condos. Hey, as long as you can make a down payment, I recommend buying a place---the monthly mortgage payments are bound to be less than some monthly rental payments. Plus, if you decide to sell after your time there you will either break even or make money to help pay off those loans. Interest rates are great now. If you do decide to buy and set yourself up in an ARM loan, you can get at most a 7 year fixed interest rate that is lower than the interest rates in the regular market. ARMs are great.
-Richard