Morrisville, NC Rental Market Trends
Highlights
The average rent for an apartment in Morrisville is $1,244, a 2% increase compared to the previous year, when the average rent was $1,219.
Average Rent in Morrisville, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,244 | 2% | 1,036 sq. ft. |
The average size for a Morrisville, NC apartment is 1,036 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.
Morrisville, NC Apartment Rent Ranges
- $701-$1,0008%
- $1,001-$1,50082%
- $1,501-$2,00010%
Morrisville, NC Occupied Housing Units
- Renter-occupied Households30%
- Owner-occupied Households69%
2,850 or 30% of the households in Morrisville, NC are renter-occupied while 6,369 or 69% are owner-occupied.
Morrisville, NC Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Jun / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Morrisville, NC | $1,113 | $1,141 | $1,141 | $1,134 | $1,134 | $1,166 | $1,219 | $1,259 | $1,262 | $1,244 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Morrisville Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,259 | 6% |
| Raleigh | $1,238 | 6% |
| Durham | $1,181 | 3% |
| Winston - Salem | $895 | 7% |
| Greensboro | $914 | 4% |
| Cary | $1,220 | 3% |
| Morrisville | $1,244 | 2% |
| Apex | $1,207 | 2% |
| Carrboro | $1,032 | 5% |
| Downing Creek | $1,311 | 4% |
| Sedgefield | $1,310 | 1% |
For more information about the Morrisville rental trends, check out our monthly rent report
Check out North Carolina Cities, North Carolina Neighborhoods and North Carolina Zip Codes for more details on verified listings, including the North Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!