Cheap Homes for Rent in Durham, NC from $500 (135 Rentals)

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

property at 108 Pine St

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

108 Pine St, Unit 6

108 Pine St
CarrboroNC27510

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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property at 303 Smith Level Rd

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625
Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

303 Smith Level Rd

Chapel HillNC27516

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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property at 303 Smith Level Rd

$735

Total Monthly Price

Total Monthly Price

Base Rent
$735
Total Monthly Price
$735

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

303 Smith Level Rd, Unit D24 - C

303 Smith Level Rd
Chapel HillNC27516

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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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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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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Durham, NC Local Guide

Cheapest Neighborhoods for Apartments in Durham, NC

Pricing Updated: 06/14/2026

Current apartment rentals in the Durham, NC area range in price from $775 to $15,209 with an overall median price of $2,777. The three Durham neighborhoods with the lowest median rent pricing are Governors Lake at $1,395, Northgate at $899, and Tuscaloosa-Lakewood at $975. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Durham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Governors Lake$1,395$1,3951
Northgate$1,500$89940
Tuscaloosa-Lakewood$1,517$97528
Cardinal Lake$1,630$799190
Latta Road$1,630$900156
Latta Woods$1,630$900167
Weaver$1,630$999100
Davenport$1,642$1,12710
Wynngate$1,642$1,12710
Greysons Green$1,668$900157

Cheapest Available Durham Apartments for Rent

 

The cheapest available apartment rental in Durham, NC is a Studio unit found at Monarch Apartments in the Downtown Durham neighborhood priced from $799. Vivo Living Forest Hills in the South Durham neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Durham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch ApartmentsMonarch - StudioStudio,1BA$799
Vivo Living Forest HillsStudioStudio,1BA$799
Vivo Living DurhamThe Carolinas AStudio,1BA$805
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
The Mews Apartments and TownhomesThe Dover1BR,1BA$902

Best Value Apartments for Rent in Durham, NC

As of June 14, 2026 the best value apartment in the Durham area is the $0.84 price per square foot 7106 Montibillo Pky Model at 7106 Montibillo Pky, Unit Lower Level Apartment in the in the South Durham neighborhood starting from $2,100. The second greatest value Durham apartment is the Ellenborough Model at Legacy at Meridian Apartments starting at $1,818 with a $1.20 price per square foot in the South Durham neighborhood. Here is today’s list of the best values for Durham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7106 Montibillo Pky, Unit Lower Level Apartment7106 Montibillo Pky2BR,1BA$0.84
Legacy at Meridian ApartmentsEllenborough2BR,2BA$1.20
705 W Markham Ave, Unit B705 W Markham Ave2BR,1.5BA$1.20
LochridgeThe Eno 12502BR,2.5BA$1.09
Southpoint Estate ApartmentsC1 - The Madison3BR,2BA$1.14
MAA Brier FallsHuntley2BR,2BA$1.15
Woodlyn on the Green Apartment HomesB22BR,2BA$1.08
Triangle PlaceThe Juniper Renovated2BR,2BA$1.18
Bexley ParkGarrison2BR,1BA$1.20
The Mews Apartments and TownhomesThe Dover1BR,1BA$1.20

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Durham, NC Rentals by Map

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Frequently Asked Questions about Durham

What type of rentals are currently available in Durham?

There are currently 882 Apartments for Rent in Durham, NC with pricing that ranges from $775 to $9,103. There are also 670 Single Family Homes for rent, Condos, and Townhome rentals currently available in Durham ranging from $535 to $5,400.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Durham ranges from $535 to $5,400 with an average monthly rent of $2,309.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Durham range from $1,140 to $9,103, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,900. Four Bedroom Single-Family rentals are also available starting from $665 and Four Bedroom Apartments start at $1,140.

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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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.