Rental market trends in Durham, NC

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Average Rent in Durham, NC

Avg. Rent	Annual Change
Studio - $1,500	-6%
1 Bed - $1,462	+3%
2 Beds - $1,724	-3%

Last updated 3/22/2023

Average Apartment Cost in Durham, NC

The average rent for apartments in Durham, NC, is between $1,462 and $1,724 in 2023. For a studio apartment in Durham, NC, the average rent is $1,500. When it comes to 1-bedroom apartments, the average rent in Durham, NC, is $1,462. For a 2-bedroom apartment, the average rent is $1,724.

Apartment Rent Ranges in Durham, NC

$501-$700

	Apartment Prices Proportion

		0%			2%			17%			39%			42%

Neighborhood Apartment Rent Trends in Durham, NC

Neighborhood	Studio Avg Rent	Annual Change
Erwin	$2,349	--
Farrington	$2,019	+23%
Patterson Place	$1,761	--
Research Triangle Park	$1,650	+10%
Downtown Durham	$1,624	+15%
Duke Forest	$1,500	-6%
American Tobacco District	$1,418	+16%
Burch Avenue	$1,050	-25%
Watts Hospital-Hillandale	$975	--

Neighborhood	1 Bed Avg Rent	Annual Change
Ninth Street	$2,047	+17%
Farrington	$1,994	+4%
Downtown Durham	$1,850	--
American Tobacco District	$1,738	+14%
Meridian	$1,622	+9%
Patterson Place	$1,617	+11%
Southpoint	$1,607	+23%
Northeast Central Durham	$1,595	+7%
Watts Hospital-Hillandale	$1,500	--
Parkwood	$1,437	--
Hope Valley	$1,380	+53%
Duke Forest	$1,290	--
Burch Avenue	$1,225	-17%
Walltown	$1,212	-5%
Research Triangle Park	$1,200	--
Tuscaloosa-Lakewood	$1,195	--
Erwin	$1,180	-27%
Woodcroft	$1,148	+40%
Lakewood Park	$1,050	--
South Square	$959	+7%
East Durham	$900	+6%
Northeast Durham	$640	--

Neighborhood	2 Beds Avg Rent	Annual Change
Farrington	$2,672	+13%
Ninth Street	$2,590	+2%
Old North Durham	$2,500	--
American Tobacco District	$2,319	+4%
Patterson Place	$2,225	-5%
Trinity Heights	$2,180	--
Downtown Durham	$2,145	-8%
Meridian	$2,067	+18%
Southpoint	$2,008	+16%
Parkwood	$1,705	--
American Village	$1,600	--
Hope Valley	$1,555	+10%
Erwin	$1,552	-34%
Tuscaloosa-Lakewood	$1,550	--
Burch Avenue	$1,550	-9%
Northeast Central Durham	$1,495	+50%
East Durham	$1,495	+50%
Research Triangle Park	$1,400	--
Lakewood Park	$1,250	--
Walltown	$1,232	+15%
South Square	$1,200	0%
Duke Park	$975	--

How Other Cities Compare to Durham, NC

City	Studio Avg Rent	Annual Change
Garner	$1,842	+42%
Cary	$1,599	-6%
Wake Forest	$1,545	--
Morrisville	$1,500	+9%
Raleigh	$1,431	-15%
Chapel Hill	$1,344	0%
Hillsborough	$1,296	--
Burlington	$952	-7%

City	1 Bed Avg Rent	Annual Change
Cary	$1,762	+21%
Fuquay Varina	$1,698	--
Garner	$1,679	-3%
Wake Forest	$1,625	0%
Chapel Hill	$1,596	-5%
Morrisville	$1,552	+3%
Raleigh	$1,504	+7%
Apex	$1,447	+5%
Knightdale	$1,415	+9%
Carrboro	$1,329	+22%
Hillsborough	$1,293	-12%
Mebane	$1,235	-16%
Holly Springs	$1,213	-11%
Burlington	$1,115	+6%
Zebulon	$1,100	--
Clayton	$1,075	+5%
Lillington	$900	--
Smithfield	$750	--
Danville	$505	0%

City	2 Beds Avg Rent	Annual Change
Chapel Hill	$2,294	+9%
Garner	$2,132	-5%
Cary	$2,100	+20%
Wake Forest	$2,035	+1%
Morrisville	$1,944	0%
Fuquay Varina	$1,874	--
Apex	$1,709	+6%
Raleigh	$1,704	+6%
Knightdale	$1,641	+3%
Carrboro	$1,527	+7%
Holly Springs	$1,519	-5%
Hillsborough	$1,475	-9%
Clayton	$1,412	+14%
Mebane	$1,405	-18%
Burlington	$1,237	-5%
Sanford	$1,151	+35%
Lillington	$985	+41%
Danville	$575	0%

Durham, NC Rent Trends

Studio	1 Bed	2 Beds
Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023
$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590	$1590
$1419	$1450	$1471	$1528	$1502	$1475	$1440	$1426	$1425	$1468	$1479	$1484	$1462
$1777	$1740	$1819	$1860	$1818	$1775	$1700	$1703	$1677	$1650	$1701	$1675	$1738
$1736	$1694	$1704	$1725	$1742	$1759	$1775	$1725	$1702	$1733	$1725	$1700	$1734

Neighborhood Information for Durham, NC

What are the most affordable neighborhoods in Durham, NC?

The most affordable neighborhoods in Durham are Northeast Durham, where the average 1-bedroom apartment rent goes for $640, East Durham, where renters pay $900 on average for a 1-bedroom apartment, and South Square, where the average 1-bedroom apartment rent goes for $959. If you're looking for other great deals, check out the listings in Lakewood Park ($1,050 for a 1-bedroom apartment) or Woodcroft ($1,148 for a 1-bedroom apartment), compared to the $1,462 average for a Durham 1-bedroom apartment.