Cheap Homes for Rent in Downtown Durham Neighborhood of Durham, NC from $400 (59 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
property at 404 Formosa Ave

$780 - $925

Total Monthly Price

Total Monthly Price

Base Rent
$780 - $925
Total Monthly Price
$780 - $925

1 Bedroom, 1 Bath Home for Rent

Available Now

404 Formosa Ave

DurhamNC27707

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.

Read Article
property at 600 S Duke St

$1,100 - $2,000

Studio To 2 Bedroom Rentals

Available Now

600 S Duke St

DurhamNC27701

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.

Read Article

Durham's Best Affordable Neighborhoods

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

Read Article
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 Vivo Living Durham priced from $799. Private Room with Walk-In Closet – Utilities & WiFi Included has the second lowest priced unit, which is a 1 Bed 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
Private Room with Walk-In Closet – Utilities & WiFi IncludedDillard (Inside Unit) - 1st floor - Suite A1BR,1BA$800
Rolling Hills ApartmentsRH 1B 1B1BR,1BA$835
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
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900
Reserve @ Blu Townhomes1x1 Standard- Call For Availability1BR,1BA$900
Willowdaile11S1BR,1BA$910
Avalon EastThe Brightleaf 6501BR,1BA$912

Best Value Apartments for Rent in Downtown Durham, NC

As of May 23, 2026 the best value apartment in the Downtown Durham area is the $1.38 price per square foot Raritan Model at Braxton Townhomes in the in the Fayetteville Street Corridor neighborhood starting from $2,574. The second greatest value Downtown Durham apartment is the B2 Model at Vetra Forest Hills - Lexington Street starting at $1,595 with a $1.06 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 TownhomesRaritan3BR,2.5BA$1.38
Vetra Forest Hills - Lexington StreetB22BR,2BA$1.06
ReNew DurhamChesapeake2BR,2BA$1.18
Georgetown Manor2 bedroom2BR,1.5BA$1.29
Monarch ApartmentsMonarch - 2 bed (With W/D units)2BR,2BA$1.30
Stonewood ApartmentsBirchwood2BR,1BA$1.33
Juniper Square ApartmentsThe Terrace2BR,1BA$1.35
Viceroy ApartmentsVR 2x12BR,1BA$1.19
Anderson Apartments1 Bedroom1BR,1BA$1.35
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.23

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 500 Apartments for Rent in Downtown Durham, NC with pricing that ranges from $750 to $7,343. There are also 238 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Durham ranging from $445 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 $445 to $4,800 with an average monthly rent of $2,305.

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 $7,343, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,425. Four Bedroom Single-Family rentals are also available starting from $1,805 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 Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.