Average Rent in Durham, NC

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Current Versus Historical Durham, NC Rents

Durham rentals average $1,298 for a studio rental to $2,650 for a 4-bedroom rental. The median price of all currently available listings is $2,060, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,053 (-40.42%) year-over-year from $2,606 to $1,553. 1-bedroom rentals prices have decreased by $6 (-0.36%) year-over-year from $1,684 to $1,678. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $2,035 to $2,035. 3-bedroom rentals prices have increased by $41 (1.92%) year-over-year from $2,112 to $2,152. 4-bedroom rentals prices have decreased by $3 (-0.10%) year-over-year from $2,553 to $2,550. 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 25.67% this month. 1-bedroom rents have gone down by 0.24% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 2.07% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.21	$1,553	$2,606 (-40.42%)	$3,078 (-49.56%)
1 BR	$2.54	$1,678	$1,684 (-0.36%)	$1,539 (9.03%)
2 BR	$1.85	$2,035	$2,035 (0.00%)	$1,585 (28.42%)
3 BR	$1.28	$2,152	$2,112 (1.92%)	$1,712 (25.73%)
4+ BR	$1.05	$2,550	$2,553 (-0.10%)	$2,048 (24.53%)

Historical Rents in Durham, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Durham

There are a total of 2 cities nearby Durham. The average rent in Durham is currently $2,049 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 Durham, NC is Cary, NC. Monthly rents here are on average $2,198 per month.

Let's compare Durham, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Durham, NC is 36.80% more affordable than other cities nearby. One bedrooms are about 59.48% more expensive. Two bedrooms in Durham, NC are about 5.69% more expensive. Finally, rent for three bedrooms are about 1.79% more expensive. Want more information? Check out the top 2 cities near Durham, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,650	$1,366	$1,695	$1,900
Cary, NC	$1,900	N/A	$1,700	$2,198

Top Neighborhoods Near Durham

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Durham

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 $1,845. Vice versa, with an average rent of $2,100, Durham, NC is the most expensive county by Durham, NC.

Typically, rent for studios in Durham, NC is 0.19% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Durham, NC is 18.93% more expensive than other counties nearby. Finally, rent for two bedrooms in Durham, NC is 5.56% 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	$1,263	$1,538	$1,845
Durham, NC	$1,300	$1,660	$1,825	$2,100
Wake, NC	$1,800	$1,366	$1,700	$2,100

Top Zipcodes Near Durham

There are a total of 7 zipcodes in or near Durham, NC. The average rent for all of these zipcodes is $2,100. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27610, Raleigh, NC at $1,850 per month. In comparison, the zipcode with the most expensive average rent of $2,399 per month is 27519, Cary, NC.

Meanwhile, two bedroom apartments will cost you an average of $1,748 per month. Which comes out to $1 per sqft. The following chart includes the top 7 zipcodes in 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	$1,748	$2,100
27519, Cary, NC	N/A	N/A	$1,795	$2,399
27502, Wake County, NC	N/A	N/A	$1,695	$2,275
27610, Raleigh, NC	N/A	N/A	$1,471	$1,850
27703, Durham County, NC	N/A	N/A	$1,698	$2,200
27603, Garner, NC	N/A	$1,350	$1,800	$2,000
27701, Durham, NC	$1,298	$1,784	$2,495	$1,897

Frequently Asked Questions - Durham Average Rents

What is the average rent price in Durham, NC?

The average monthly rental price for Durham, NC apartments for rent is approximately $2,060. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Durham, NC.

How much is a studio apartment in 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 Durham.

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

The average monthly rental price for one bedroom apartments is $1,685 and an average price per square feet of $2.54. There are a total of 25 one bedroom apartment listings currently available for rent in Durham.

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

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.85. There are a total of 55 two bedroom apartment listings currently available for rent in Durham.

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

Rent prices for rentals in Durham, NC can fluctuate yearly. Specifically, studio rental prices have changed by -0.40%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in Durham, NC?

A reasonable rent price in Durham, NC is around $1,648/month. You can search for these reasonably priced rental listings on RentHop.