Cheap Homes for Rent in the Downtown Durham Neighborhood of Durham, NC from $550 (50 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Durham area of Durham.

Durham's Best Affordable Neighborhoods

Learn about Durham and the best places to live with original content written by Local Expert Billy K

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Downtown Durham, Durham, NC Local Guide

Cheapest Available Downtown Durham Apartments for Rent

 

The cheapest available apartment rental in the Downtown Durham area of Durham, NC is a Studio unit found at Monarch Apartments priced from $749. Community Room Rental – Durham has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here are the most affordable Downtown Durham apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Monarch ApartmentsMonarch - StudioStudio,1BA$749
Community Room Rental – DurhamDillard (Inside Unit) - 1st floor - Suite A1BR,1BA$840
The ForestThe Willow IStudio,1BA$865
Icon Downtown DurhamA1 Studio C Standard -Call for AvailabilityStudio,1BA$875
Barclay Apartments1 Beds, 1 Baths1BR,1BA$895
Regency Place Apartments1 Bedroom 1 Bathroom1BR,1BA$899
Crossings @ 501 ApartmentsCreekview Classic - Call for Availability1BR,1BA$900
Reserve @ Blu Townhomes1x1 Standard- Call For Availability1BR,1BA$900
Strawberry Hill Apartments1 Bed 1 Bath1BR,1BA$900
Willowdaile111BR,1BA$930

Best Value Apartments for Rent in Downtown Durham, NC

As of August 21, 2026 the best value apartment in the Downtown Durham area is the $1.23 price per square foot The Eno 1162 Model at Pickett Square Townhomes in the in the Downtown Durham neighborhood starting from $1,432. The second greatest value Downtown Durham apartment is the The Eno GWII 1162 Model at Glenbrook East and West starting at $1,438 with a $1.24 price per square foot in the Downtown Durham neighborhood. Here is today’s list of the best values for Downtown Durham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.23
Glenbrook East and WestThe Eno GWII 11622BR,2.5BA$1.24
Georgetown Manor2 bedroom2BR,1.5BA$1.29
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.06
Element at CreeksideTwo Bed/Two Bath 1058 sq. ft.2BR,2BA$1.32
Chapel Tower - Students save up to 10%!Duke2BR,1.5BA$1.29
Rolling Hills ApartmentsRH 2B 1B2BR,1BA$1.21
Anderson Apartments1 Bedroom1BR,1BA$1.28
Regency Place Apartments1 BEDROOM & 1 BATH1BR,1BA$1.24
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.32

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Durham, Durham, NC

Ranked #2

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Durham, Durham, NC

School data provided by Great Schools

Frequently Asked Questions about Downtown Durham

What type of rentals are currently available in Downtown Durham?

There are currently 511 Apartments for Rent in Downtown Durham, NC with pricing that ranges from $815 to $9,338. There are also 240 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Durham ranging from $590 to $4,800.

What is the current price range for Rental Homes in Downtown Durham?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Durham ranges from $590 to $4,800 with an average monthly rent of $1,971.

How much are larger Three and Four Bedroom Rentals in Downtown Durham?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Durham range from $1,300 to $9,338, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,995. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,700.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham article

Durham's Best & Brightest: Insider Tips on Universities and Student Living in Nearby Apartments in Durham

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.