Average Rent in 27701, Durham, NC

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Current Versus Historical 27701, Durham, NC Rents

27701 rentals average $1,298 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $1,904, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $181 (-12.25%) year-over-year from $1,479 to $1,298. 1-bedroom rentals prices have increased by $579 (43.00%) year-over-year from $1,346 to $1,925. 2-bedroom rentals prices have increased by $183 (11.00%) year-over-year from $1,667 to $1,850. 3-bedroom rentals prices have decreased by $184 (-7.94%) year-over-year from $2,313 to $2,129. 4-bedroom rentals prices have increased by $871 (24.00%) year-over-year from $3,629 to $4,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 70.27% this month. 1-bedroom rents have gone up by 31.92% this month. 2-bedroom rents have gone up by 15.75% this month. 3-bedroom rents have gone down by 4.01% this month. 4-bedroom rents have gone up by 25.61% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.21	$1,298	$1,479 (-12.25%)	$2,383 (-45.55%)
1 BR	$2.71	$1,925	$1,346 (43.00%)	$1,140 (68.86%)
2 BR	$2.27	$1,850	$1,667 (11.00%)	$1,163 (59.03%)
3 BR	$1.61	$2,129	$2,313 (-7.94%)	$1,952 (9.09%)

Historical Rents in 27701, Durham, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27701

There are a total of 3 cities nearby 27701. The average rent in 27701 is currently $2,000 per month. Only one city nearby has an average rent lower than that. Our records show that Raleigh, NC, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 27701, Durham, NC is Cary, NC. Monthly rents here are on average $2,295 per month.

Let's compare 27701, Durham, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in 27701, Durham, NC is 4.05% more affordable than other cities nearby. One bedrooms are about 27.92% more expensive. Two bedrooms in 27701, Durham, NC are about 31.86% more expensive. Finally, rent for three bedrooms are about 1.36% more expensive. Want more information? Check out the top 3 cities near 27701, Durham, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,350	$1,298	$1,700	$1,900
Durham, NC	$1,298	$1,752	$1,799	$2,000
Cary, NC	$1,900	N/A	$1,700	$2,295

Top Neighborhoods Near 27701

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 27701

Some of these counties include Orange, NC, Durham, NC, and Wake, NC. The average rent for rentals in these counties is $2,100. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Orange, NC. It's average rent per month is $1,885. Vice versa, with an average rent of $2,100, Durham, NC is the most expensive county by 27701, Durham, NC.

Typically, rent for studios in 27701, Durham, NC is 0.19% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 27701, Durham, NC is 23.06% more expensive than other counties nearby. Finally, rent for two bedrooms in 27701, Durham, NC is 31.86% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Orange, NC	N/A	$1,385	$1,638	$1,885
Durham, NC	$1,300	$1,686	$1,800	$2,100
Wake, NC	$1,800	$1,300	$1,700	$2,100

Top Zipcodes Near 27701

There are a total of 5 zipcodes in or near 27701, Durham, NC. The average rent for all of these zipcodes is $2,195.

The following chart includes the top 5 zipcodes in 27701, Durham, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27560, Morrisville, NC	N/A	N/A	$1,795	$2,195
27519, Cary, NC	N/A	N/A	$1,845	$2,425
27610, Raleigh, NC	N/A	N/A	$1,447	$1,845
27703, Durham County, NC	N/A	N/A	$1,623	$2,198
27603, Garner, NC	$850	$600	$1,698	$2,000

Frequently Asked Questions - 27701 Average Rents

What is the average rent price in 27701, Durham, NC?

The average monthly rental price for 27701, Durham, NC apartments for rent is approximately $1,904. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27701, Durham, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 27701, Durham, NC.

How much is a studio apartment in 27701, Durham, NC?

The average monthly rental price for studio apartments is $1,298 and an average price per square feet of $3.21. There are a total of 2 studio apartment listings currently available for rent in 27701.

How much is a one bedroom apartment in 27701, Durham, NC?

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $2.71. There are a total of 20 one bedroom apartment listings currently available for rent in 27701.

How much is a two bedroom apartment in 27701, Durham, NC?

The average monthly rental price for two bedroom apartments is $2,495 and an average price per square feet of $2.27. There are a total of 23 two bedroom apartment listings currently available for rent in 27701.

How have rent prices in 27701, Durham, NC changed this year?

Rent prices for rentals in 27701, Durham, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.12%, one bedroom rental prices have changed by 0.43%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by -0.08% year-over-year.

What is a reasonable rent price in 27701, Durham, NC?

A reasonable rent price in 27701, Durham, NC is around $1,523/month. You can search for these reasonably priced rental listings on RentHop.