Cheap Homes for Rent in Durham, NC from $500 (99 Rentals)

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property at 371 Umstead Dr

371 Umstead Dr

Chapel HillNC27516

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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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Durham, NC Local Guide

Cheapest Neighborhoods for Apartments in Durham, NC

Pricing Updated: 09/05/2025

Current apartment rentals in the Durham, NC area range in price from $450 to $12,404 with an overall median price of $2,708. The three Durham neighborhoods with the lowest median rent pricing are Plum Street at $1,030, Northeast Durham at $1,014, and Northgate at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Durham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Plum Street$1,147$1,0303
Northeast Durham$1,373$1,0143
Northgate$1,500$90044
Davenport$1,532$1,0374
Cardinal Lake$1,575$799103
Croasdaile Farm$1,575$799128
Latta Road$1,587$88571
Latta Woods$1,587$85980
Govenors Village$1,595$1,5951
Governors Lake$1,595$1,5951

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. Vivo Living Ivy Creek in the Downtown Durham neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $834. Here is today’s list of the most affordable Durham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo Living DurhamThe CarolinasStudio,1BA$799
Vivo Living Ivy CreekStudioStudio,1BA$834
Vivo Living Forest HillsStudioStudio,1BA$849
South Point1 Bedroom 1 Bathoom1BR,1BA$859
Regency Place Apartments2 Bedroom-1 Bathroom1BR,1BA$859
Willowdaile11S1BR,1BA$885
ShadowoodThe Oak1BR,1BA$906
Pine RidgeThe Brightleaf 5351BR,1BA$906
Mission University PinesA11BR,1BA$940
Duke Manor- Students save up to 10%!Hereford1BR,1BA$945

Best Value Apartments for Rent in Durham, NC

As of September 05, 2025 the best value apartment in the Durham area is the $1.09 price per square foot Sterling Model at Houndswood Village in the in the South Durham neighborhood starting from $2,563. The second greatest value Durham apartment is the 21.5THP Model at 501 Towns starting at $1,367 with a $1.14 price per square foot in the Fayetteville Street Corridor 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 VillageSterling3BR,2.5BA$1.09
501 Towns21.5THP2BR,1.5BA$1.14
Braxton at Brier CreekB12BR,2BA$1.23
Lenox EastThe Eno 11622BR,2.5BA$1.14
Taylor's PondThe Eno 11622BR,2.5BA$1.20
Colonial Townhouses- Students save up to 10%!Yorktown2BR,1.5BA$1.20
Triangle PlaceThe Willow Renovated1BR,1BA$1.12
Southpoint Estate ApartmentsA1/A2 - The Riley1BR,1BA$1.22
Viceroy ApartmentsVR 2x12BR,1BA$1.19
South Point1 Bedroom 1 Bathoom1BR,1BA$1.23

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Durham

What type of rentals are currently available in Durham?

There are currently 850 Apartments for Rent in Durham, NC with pricing that ranges from $450 to $8,699. There are also 699 Single Family Homes for rent, Condos, and Townhome rentals currently available in Durham ranging from $268 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 $268 to $6,950 with an average monthly rent of $2,566.

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 $1,295 to $8,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $268 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,225.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.