Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Morrisville, NC Rental Market Trends
What is the average rent in Morrisville?
The average rent for an apartment in Morrisville is $1,628. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Morrisville, NC
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,628 | 1,028 sq. ft. |
What is the average apartment size in Morrisville?
The average size for a Morrisville, NC apartment is 1,028 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
Morrisville, NC Occupied Housing Units
3,569 or 34% of the households in Morrisville, NC are renter-occupied while 6,857 or 65% are owner-occupied.
Morrisville, NC Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Morrisville, NC | $1,219 | $1,259 | $1,262 | $1,244 | $1,266 | $1,280 | $1,305 | $1,456 | $1,584 | $1,628 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Morrisville Compares to Other Cities
| City | Average Rent |
|---|---|
| Charlotte | $1,559 |
| Raleigh | $1,522 |
| Winston - Salem | $1,119 |
| Greensboro | $1,147 |
| Durham | $1,468 |
| Concord | $1,457 |
| Wilmington | $1,492 |
| Gastonia | $1,210 |
| Mooresville | $1,465 |
| Clayton | $1,464 |
| Cary | $1,558 |
| Morrisville | $1,628 |
| Burlington | $1,261 |
| Chapel Hill | $1,744 |
| Fuquay Varina | $1,508 |
| Garner | $1,414 |
| Knightdale | $1,580 |
| Apex | $1,616 |
| Wake Forest | $1,533 |
| Holly Springs | $1,555 |
| Youngsville | $949 |
Most Popular Apartments in Morrisville
Broadstone Trailside
5860 Mccrimmon Parkway, Morrisville, NC 27560- 1 BED
- 2 BEDS
- 3 BEDS
- $1,571+
- $1,953+
- $2,394+
Bainbridge Aviation Crossing
4555 Mccrimmon Parkway, Morrisville, NC 27560- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- $1,454+
- $1,726+
Bexley At Preston
1300 Sterling Green Drive, Morrisville, NC 27560- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $1,849+
- $2,049+
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morrisville apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.