Durham, NC Rental Market Trends
What is the average rent in Durham?
The average rent for an apartment in Durham is $1,555. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Durham, NC
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,555 | 934 sq. ft. |
What is the average apartment size in Durham?
The average size for a Durham, NC apartment is 934 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Durham, NC apartment rent ranges
Durham, NC Occupied Housing Units
57,773 or 48% of the households in Durham, NC are renter-occupied while 62,613 or 52% are owner-occupied.
Durham, NC rent trends
Average Rent in Durham, NC By Neighborhood
| City | Average Rent |
|---|---|
| Central Park | $1,792 |
| Downtown Durham | $1,792 |
| Duke Park | $1,792 |
| Old North Durham | $1,792 |
| Golden Belt | $1,707 |
| Amberlynn Valley | $1,619 |
| Ashley Forest | $1,619 |
| Old East Durham | $1,619 |
| Ravenstone | $1,619 |
| Stonehill Estates | $1,619 |
| Taylor Estates | $1,619 |
| American Village | $1,612 |
| Bennet Place | $1,612 |
| Cameron Woods | $1,612 |
| Carillon Forest | $1,612 |
| Crest Street | $1,612 |
| Croasdaile Farm | $1,612 |
| Duke West Campus | $1,612 |
| Waterford | $1,612 |
| Watts Hospital - Hillandale | $1,612 |
| West Hills | $1,612 |
| North Carolina Central University | $1,599 |
| Southside - St. Teresa | $1,593 |
| Garret Farms - Porchlight - Hartley | $1,551 |
| Parc at University | $1,551 |
| Horton Hills | $1,534 |
| Research Triangle Park | $1,521 |
| Wynterfield | $1,521 |
| Lakewood Park | $1,499 |
| The Landing at Southpoint | $1,499 |
| Tuscaloosa - Lakewood | $1,499 |
| Valley Run | $1,499 |
| Westgate Townes | $1,499 |
| Merrick Moore | $1,498 |
| Highgate | $1,482 |
| Stratford Lakes | $1,482 |
| Woodcroft | $1,482 |
| Abercromby | $1,459 |
| Copper Creek | $1,459 |
| Crooked Creek | $1,459 |
| Eagle's Pointe | $1,459 |
| Emorywood Estates | $1,459 |
| Folkestone | $1,459 |
| Park Ridge | $1,459 |
| Parkwood | $1,459 |
| Colonial Village | $1,322 |
| Landon Farms | $1,322 |
| Northeast Hills | $1,322 |
| Stadium Heights | $1,322 |
| Summer Meadow | $1,322 |
| Swann's Mill | $1,322 |
/
/
What are the most affordable neighborhoods in Durham?
The most affordable neighborhoods in Durham are Colonial Village, where the average rent goes for $1,322/month, Landon Farms, where renters pay $1,322/mo on average, and Northeast Hills, where the average rent goes for $1,322/mo. If you’re looking for other great deals, check out the listings from Stadium Heights ($1,322), Summer Meadow ($1,322), and Swann's Mill ($1,322), where the asking prices are below the average Durham rent of $1,555/mo.
What are the most expensive neighborhoods in Durham?
The most expensive neighborhoods in Durham are Downtown Durham ($1,792), Duke Park ($1,792) and Old North Durham ($1,792).
What are the most popular neighborhoods in Durham?
The most popular neighborhood in Durham is Central Park, where there are 6 listings with an average rent of $1,792. Next up is Ashley Forest, where apartments go for $1,619/month, followed by Crest Street with $1,612 If you’re looking to rent in Durham’s most popular neighborhoods, make sure to also check out Duke West Campus, where renters pay $1,612 on average, and Lakewood Park, where the average monthly rent is $1,499.
Durham | Rent Comparison by Neighborhood
Rent in Abercromby is 10% lower than in Amberlynn Valley
$1,459
Abercromby rent is 6% lower than Durham average
Average Rent
$1,459
$1,619
Amberlynn Valley rent is 4% higher than Durham average
Average Rent
$1,619
How Durham Compares to Other Cities
| State | Average Rent |
|---|---|
| Raleigh | $1,609 |
| Holly Springs | $1,646 |
| Durham | $1,555 |
| Charlotte | $1,653 |
| Cary | $1,635 |
| Apex | $1,678 |
| Concord | $1,530 |
| Winston - Salem | $1,226 |
| Asheville | $1,717 |
| Garner | $1,499 |
| Greensboro | $1,262 |
| Morrisville | $1,699 |
| Wake Forest | $1,665 |
| Chapel Hill | $1,941 |
| Carrboro | $1,391 |
| Knightdale | $1,585 |
What is the average price for a storage unit in Durham?
The average rent for a non-climate-controlled 10'x10' storage unit in Durham is $104.15. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Durham
.jpg?width=480&quality=80)
Park View Apartment
810 Park Ridge Rd, Durham, NC 27713| 1 BED | $750+ |
| 2 BEDS | $2,000 |
| 3 BEDS | $3,000+ |
.jpg?width=480&quality=80)
Cosmos Place
Cosmos Place, Durham, NC 27703| 3 BEDS | $1,800 |