Cheap Homes for Rent in Durham, NC from $500 (94 Rentals)

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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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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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property at 1312 Fay St

1312 Fay St

DurhamNC27701

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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Durham, NC Local Guide

Cheapest Neighborhoods for Apartments in Durham, NC

Pricing Updated: 10/27/2025

Current apartment rentals in the Durham, NC area range in price from $450 to $24,000 with an overall median price of $3,747. The three Durham neighborhoods with the lowest median rent pricing are Northeast Durham at $1,014, Davenport at $1,100, and Northgate at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Durham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northeast Durham$1,014$1,0141
Davenport$1,422$1,1007
Northgate$1,500$80045
Wynngate$1,532$1,1006
Croasdaile Farm$1,575$799133
Kenion Grove$1,669$97346
Cardinal Lake$1,700$799111
Latta Road$1,700$96987
Latta Woods$1,700$95995
UNC at Chapel Hill$1,745$958246

Cheapest Available Durham Apartments for Rent

 

The cheapest available apartment rental in Durham, NC is a Studio unit found at Vivo Living Durham in the Downtown Durham neighborhood priced from $799. Monarch Apartments in the Downtown Durham neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Durham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo Living DurhamCARO-B - The Carolinas - BStudio,1BA$799
Monarch ApartmentsMonarch - StudioStudio,1BA$800
Vivo Living Forest HillsSTDO - StudioStudio,1BA$839
Dupont CircleThe Brightleaf 5251BR,1BA$843
Vivo Living Ivy CreekSTDO - StudioStudio,1BA$859
Lenox EastThe Brightleaf 6501BR,1BA$878
Glenbrook East and WestThe Brightleaf GW 6601BR,1BA$890
Avalon EastThe Brightleaf 6501BR,1BA$898
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Icon Downtown DurhamA1 Studio C Standard -Call for AvailabilityStudio,1BA$900

Best Value Apartments for Rent in Durham, NC

As of October 27, 2025 the best value apartment in the Durham area is the $1.12 price per square foot Tanasee Model at Houndswood Village in the in the South Durham neighborhood starting from $2,617. The second greatest value Durham apartment is the Woodland Model at Bexley Park starting at $1,549 with a $0.97 price per square foot in the Huntington Woods 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.
Houndswood VillageTanasee3BR,2.5BA$1.12
Bexley ParkWoodland3BR,2BA$0.97
Shortbread LoftsC43BR,3BA$0.78
Greens of Pine Glen ApartmentsC2TH3BR,2BA$1.03
501 Towns21.5TH2BR,1.5BA$1.07
The Mews Apartments and TownhomesThe Williamsburg2BR,1.5BA$1.06
Ashley Park ApartmentsOne Bedroom Apartment Homes1BR,1BA$1.02
Pickett Square TownhomesThe Eno 11622BR,2.5BA$1.13
Encore at the ParkA11BR,1BA$1.13
Viceroy ApartmentsVR 2x12BR,1BA$1.19

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
Durham, NC

Ranked #3

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Durham, NC Rentals by Map

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See the most popular apartments and homes in Durham, NC

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Durham, NC Apartments Map
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Durham, NC Rental Homes Map

Frequently Asked Questions about Durham

What type of rentals are currently available in Durham?

There are currently 863 Apartments for Rent in Durham, NC with pricing that ranges from $450 to $24,000. There are also 740 Single Family Homes for rent, Condos, and Townhome rentals currently available in Durham ranging from $595 to $6,950.

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 $595 to $6,950 with an average monthly rent of $2,727.

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 $1,055 to $8,925, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,030.

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.