Cheap Homes for Rent in Downtown Durham Neighborhood of Durham, NC from $500 (41 Rentals)

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

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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-41, Page 1 of 1

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

Apartment ListingModel NameBed/BathPriced From
Regency Place Apartments1 Bedroom 1 Bathroom1BR,1BA$799
Vivo Living DurhamThe CarolinasStudio,1BA$799
Vivo Living Ivy CreekStudioStudio,1BA$834
Duke Manor- Students save up to 10%!Hereford1BR,1BA$930
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
BLU Station ApartmentsOne Bedroom Standard-Call For Availability1BR,1BA$950
Mission University PinesA31BR,1BA$958
LaSalle Pointe ApartmentsThe Brightleaf 7001BR,1BA$959
Crystal VillageEmerald1BR,1BA$969
Willowdaile11SR1BR,1BA$980

Best Value Apartments for Rent in Downtown Durham, NC

As of July 13, 2025 the best value apartment in the Downtown Durham area is the $1.29 price per square foot Raritan Model at Braxton Townhomes in the in the Fayetteville Street Corridor neighborhood starting from $2,399. 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 TownhomesRaritan3BR,2.5BA$1.29
501 Towns21.5TH2BR,1.5BA$1.07
The Mews Apartments and TownhomesThe Williamsburg2BR,1.5BA$1.04
Holly HillTwo Bedroom2BR,1.5BA$1.22
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.30
Regency Place Apartments1 BEDROOM /DEN2BR,1BA$1.31
Willow Bend ApartmentsWB 2x12BR,1BA$1.35
Creekside LandingOne Bed/One Bath1BR,1BA$1.35
Monarch ApartmentsOne Bed, One Bath1BR,1BA$1.29
LaSalle Pointe ApartmentsThe Brightleaf 7001BR,1BA$1.37

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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Frequently Asked Questions about Downtown Durham

What type of rentals are currently available in Downtown Durham?

There are currently 505 Apartments for Rent in Downtown Durham, NC with pricing that ranges from $675 to $10,532. There are also 254 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Durham ranging from $595 to $4,850.

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 $4,850 with an average monthly rent of $2,545.

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 $10,532, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,845 and Four Bedroom Apartments start at $1,740.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.