Cheap Homes for Rent in Durham, NC from $500 (74 Rentals)

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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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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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Durham, NC Local Guide

Cheapest Neighborhoods for Apartments in Durham, NC

Pricing Updated: 07/21/2025

Current apartment rentals in the Durham, NC area range in price from $265 to $6,950 with an overall median price of $3,265. The three Durham neighborhoods with the lowest median rent pricing are Davenport at $1,575, Wynngate at $1,575, and NCCU at $535. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Durham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Davenport$1,637$1,5751
Wynngate$1,637$1,5751
NCCU$1,800$5356
Southpoint$1,850$1,3951
Stone Hill$1,985$1,06012
Greysons Green$1,995$62013
Weaver$1,997$59525
Downing Creek$2,025$1,9502
Tuscaloosa-Lakewood$2,050$87511
Woodcroft$2,075$7465

Cheapest Available Durham Apartments for Rent

 

The cheapest available apartment rental in Durham, NC is a 1 Bed unit found at Regency Place Apartments in the Downtown Durham neighborhood priced from $799. Vivo Living Durham in the Downtown 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
Regency Place Apartments1 Bedroom 1 Bathroom1BR,1BA$799
Vivo Living DurhamThe CarolinasStudio,1BA$799
Vivo Living Ivy CreekStudioStudio,1BA$834
Vivo Living Forest HillsStudioStudio,1BA$849
Haven at Research Triangle ParkA11BR,1BA$932
Mission University PinesA11BR,1BA$932
BLU Station ApartmentsOne Bedroom Standard-Call For Availability1BR,1BA$950
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$950
The Villages of Chapel HillS1Studio,1BA$958
LaSalle Pointe ApartmentsThe Brightleaf 7001BR,1BA$959

Best Value Apartments for Rent in Durham, NC

As of July 21, 2025 the best value apartment in the Durham area is the $1.13 price per square foot Balsam Model at Houndswood Village in the in the South Durham neighborhood starting from $2,695. The second greatest value Durham apartment is the Chandler (TH) Model at Treybrooke at the Park starting at $1,985 with a $1.17 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 VillageBalsam3BR,3.5BA$1.13
Treybrooke at the ParkChandler (TH)3BR,2BA$1.17
FairgateTwo Bedroom Townhome2BR,2.5BA$1.25
501 Towns21.5TH2BR,1.5BA$1.07
Weston Reserve ApartmentsB2/B3 - The Holly2BR,2BA$1.28
Lenox EastThe Eno 11622BR,2.5BA$1.17
Encore at the ParkB12BR,2BA$1.22
The SawyerB1 Renovated2BR,2BA$1.26
Emory Woods2 BEDROOM 1 BATH (1020 SF)2BR,1BA$1.08
Monarch ApartmentsOne Bed, One Bath1BR,1BA$1.29

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 Durham

What type of rentals are currently available in Durham?

There are currently 855 Apartments for Rent in Durham, NC with pricing that ranges from $450 to $10,718. There are also 659 Single Family Homes for rent, Condos, and Townhome rentals currently available in Durham ranging from $265 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 $265 to $6,950 with an average monthly rent of $2,645.

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 $1,290 to $10,718, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,400.

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.