Durham, NC Rental Market Trends
Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Durham is $1,535, a 0.83% decrease compared to the previous year, when the average rent was $1,548.
Studio Apartments at $1,340 offer the most budget-friendly option with 537 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 733 square feet for $1,391, balancing privacy and affordability.
Two-beedroom units at $1,623 offer 1,065 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,340 sq ft) for $1,943, suitable for larger households.
Average rent in Durham, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,535 | 924 sq. ft. |
| Studio | $1,340 | 537 sq. ft. |
| 1 Bed | $1,391 | 733 sq. ft. |
| 2 Beds | $1,623 | 1,065 sq. ft. |
| 3 Beds | $1,943 | 1,340 sq. ft. |
Durham, NC rent trends
Rental prices in Durham, NC have decreased by 0.83% over the past year. The average rent moved from $1,548 to $1,535.
What's the typical rent budget in Durham, NC?
The largest share of rentals in Durham, NC (53%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Durham, NC?
60,347 or 48% of the households in Durham, NC are renter-occupied while 66,203 or 52% are owner-occupied.
Most affordable neighborhoods in Durham?
Knollwood $1,083/month
Scarsdale Village $1,143/month
Highgate $1,147/month
All of these neighborhoods fall below the city wide average of $1,535/month.Most expensive neighborhoods in Durham?
Old West Durham $2,199/month
Central Park $2,275/month
Warehouse District $2,491/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Durham, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Warehouse District | $2,491 |
| Central Park | $2,275 |
| Old West Durham | $2,199 |
| Old North Durham | $1,986 |
| Downtown Durham | $1,802 |
| Parc at University | $1,709 |
| Ravenstone | $1,657 |
| Omah Street | $1,626 |
| Crest Street | $1,611 |
| Wynterfield | $1,589 |
| Chapel Hill Road | $1,547 |
| Research Triangle Park | $1,524 |
| Summer Meadow | $1,514 |
| Emorywood Estates | $1,458 |
| Penrith | $1,449 |
| Westgate Townes | $1,448 |
| Croasdaile Farm | $1,438 |
| Parkwood | $1,322 |
| Crooked Creek | $1,256 |
| Valley Run | $1,246 |
| North Carolina Central University | $1,204 |
| American Village | $1,197 |
| Wellons Village | $1,161 |
| Woodcroft | $1,155 |
| Highgate | $1,147 |
| Scarsdale Village | $1,143 |
| Knollwood | $1,083 |
Durham | Rent Comparison by Neighborhood
Rent in American Village is 47% lower than in Central Park
American Village rent is 22% lower than Durham average
Central Park rent is 48% higher than Durham average
How Durham Compares to Other Cities
| City | Average Rent |
|---|---|
| Durham | $1,535 |
| Charlotte | $1,675 |
| Raleigh | $1,575 |
| Fayetteville | $1,290 |
| Winston - Salem | $1,284 |
| Greensboro | $1,332 |
| Wilson | $1,352 |
| Rocky Mount | $1,202 |
| Hickory | $1,477 |
| Concord | $1,531 |
| Greenville | $1,394 |
| Cary | $1,647 |
| Wake Forest, NC | $1,617 |
| Morrisville | $1,660 |
| Chapel Hill, NC | $1,749 |
| Apex, NC | $1,664 |
| Garner, NC | $1,429 |
| Knightdale, NC | $1,557 |
| Holly Springs, NC | $1,746 |
| Carrboro, NC | $1,262 |
| Mebane, NC | $1,441 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Durham apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.