Morrisville, NC Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Morrisville is $1,678, a 0.97% decrease compared to the previous year, when the average rent was $1,695.
Studio Apartments at $1,424 offer the most budget-friendly option with 615 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 793 square feet for $1,412, balancing privacy and affordability.
Two-beedroom units at $1,771 offer 1,162 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,565 sq ft) for $2,177, suitable for larger households.
Average rent in Morrisville, NC
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,678 | 1,064 sq. ft. |
| Studio | $1,424 | 615 sq. ft. |
| 1 Bed | $1,412 | 793 sq. ft. |
| 2 Beds | $1,771 | 1,162 sq. ft. |
| 3 Beds | $2,177 | 1,565 sq. ft. |
Morrisville, NC rent trends
Rental prices in Morrisville, NC have decreased by 0.97% over the past year. The average rent moved from $1,695 to $1,678.
What's the typical rent budget in Morrisville, NC?
The largest share of rentals in Morrisville, NC (54%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Morrisville, NC?
5,887 or 51% of the households in Morrisville, NC are renter-occupied while 5,605 or 49% are owner-occupied.
How Morrisville Compares to Other Cities
| City | Average Rent |
|---|---|
| Morrisville | $1,678 |
| Charlotte | $1,653 |
| Raleigh | $1,591 |
| Fayetteville | $1,276 |
| Winston - Salem | $1,293 |
| Durham | $1,555 |
| Greensboro | $1,320 |
| Cary | $1,664 |
| Concord | $1,535 |
| Wilmington | $1,629 |
| Asheville | $1,716 |
| Clayton | $1,558 |
| Apex, NC | $1,672 |
| Chapel Hill, NC | $1,768 |
| Wake Forest, NC | $1,619 |
| Fuquay Varina, NC | $1,620 |
| Knightdale, NC | $1,537 |
| Garner, NC | $1,470 |
| Mebane, NC | $1,444 |
| Creedmoor, NC | $1,381 |
| Holly Springs, NC | $1,668 |
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 Morrisville 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.