Cheap Homes for Rent in Downtown Durham Neighborhood of Durham, NC from $500 (52 Rentals)

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

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 2107 Stuart Dr

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

2107 Stuart Dr

DurhamNC27707
property at 1417 Cherrycrest Dr

$1,250 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,350
Total Monthly Price
$1,250 - $1,350

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1417 Cherrycrest Dr

DurhamNC27704

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Showing Results 1-50, Page 1 of 2

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 $799. Rolling Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Downtown Durham apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Monarch ApartmentsMonarch - StudioStudio,1BA$799
Rolling Hills ApartmentsRH 1B 1B1BR,1BA$835
Community Room Rental – DurhamDillard (Inside Unit) - 1st floor - Suite A1BR,1BA$840
Icon Downtown DurhamA1 Studio C Standard -Call for AvailabilityStudio,1BA$875
The Oaks at NorthgateThe Oak2BR,1BA$899
Strawberry Hill Apartments1 Bed 1 Bath1BR,1BA$900
Reserve @ Blu Townhomes1x1 Standard- Call For Availability1BR,1BA$900
Crossings @ 501 ApartmentsCreekview Classic - Call for Availability1BR,1BA$900
Avalon EastThe Brightleaf 6501BR,1BA$927
Crystal VillageEmerald1BR,1BA$949

Best Value Apartments for Rent in Downtown Durham, NC

As of July 07, 2026 the best value apartment in the Downtown Durham area is the $1.10 price per square foot B2 Model at Vetra Forest Hills - Lexington Street in the in the Fayetteville Street Corridor neighborhood starting from $1,649. The second greatest value Downtown Durham apartment is the Two Bedroom 1.5 Bath Model at Holly Hill starting at $1,400 with a $1.27 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.
Vetra Forest Hills - Lexington StreetB22BR,2BA$1.10
Holly HillTwo Bedroom 1.5 Bath2BR,1.5BA$1.27
Georgetown Manor2 bedroom2BR,1.5BA$1.29
Stonewood ApartmentsOakwood2BR,2BA$1.20
Chapel Tower - Students save up to 10%!Duke2BR,1.5BA$1.22
Juniper Square ApartmentsThe Terrace2BR,1BA$1.35
Viceroy ApartmentsVR 2x12BR,1BA$1.19
MAA Duke ForestFawn I1BR,1BA$1.35
Anderson Apartments1 Bedroom1BR,1BA$1.28
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.27

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

How much rent can you afford?

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 510 Apartments for Rent in Downtown Durham, NC with pricing that ranges from $775 to $8,509. There are also 222 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Durham ranging from $510 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 $510 to $4,800 with an average monthly rent of $2,300.

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 $8,509, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,585 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

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Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC

Written by: Billy K

I'm Billy, your ApartmentHomeLiving.com Local Expert for Durham, North Carolina. And if you’re considering settling down in Durham, you’re in luck.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.