Cheap Homes for Rent in Downtown Durham Neighborhood of Durham, NC from $500 (33 Rentals)

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

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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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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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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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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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 Vivo Living Durham priced from $799. Monarch Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Durham apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living DurhamCARO-B - The Carolinas - BStudio,1BA$799
Monarch ApartmentsMonarch - StudioStudio,1BA$800
Dupont CircleThe Brightleaf 5251BR,1BA$842
Vivo Living Ivy CreekSTDO - StudioStudio,1BA$859
Lenox EastThe Brightleaf 6501BR,1BA$873
Willowdaile111BR,1BA$880
Avalon EastThe Brightleaf 6501BR,1BA$898
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Icon Downtown DurhamA1 Studio C Standard -Call for AvailabilityStudio,1BA$900
The Mews Apartments and TownhomesThe Dover1BR,1BA$940

Best Value Apartments for Rent in Downtown Durham, NC

As of October 31, 2025 the best value apartment in the Downtown Durham area is the $1.28 price per square foot Maverick Model at Braxton Townhomes in the in the Fayetteville Street Corridor neighborhood starting from $1,995. The second greatest value Downtown Durham apartment is the 21.5TH Model at 501 Towns starting at $1,287 with a $1.07 price per square foot in the Fayetteville Street Corridor 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.
Braxton TownhomesMaverick3BR,2.5BA$1.28
501 Towns21.5TH2BR,1.5BA$1.07
Taylor's PondThe Eno 11622BR,2.5BA$1.20
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.11
4206 Delbert Ave, Unit C4206 Delbert Ave2BR,1.5BA$1.27
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.21
Viceroy ApartmentsVR 2x12BR,1BA$1.19
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.25
South Point1 Bedroom 1 Bathoom1BR,1BA$1.28
Lenox EastThe Brightleaf 6501BR,1BA$1.34

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 489 Apartments for Rent in Downtown Durham, NC with pricing that ranges from $675 to $7,218. There are also 261 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Durham ranging from $595 to $5,500.

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 $595 to $5,500 with an average monthly rent of $2,759.

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 $1,373 to $7,218, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $2,772.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.