Cheap Homes for Rent in Durham, NC from $500 (102 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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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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property at 310 Clementine Dr

$1,100

4 Bedroom, 3.5 Bath Townhome for Rent

Available Now

310 Clementine Dr

CaryNC27519
property at 600 S Duke St

$1,100 - $1,575

Studio To 1 Bedroom Rentals

Available Now

600 S Duke St

DurhamNC27701

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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Durham, NC Local Guide

Cheapest Neighborhoods for Apartments in Durham, NC

Pricing Updated: 01/27/2026

Current apartment rentals in the Durham, NC area range in price from $565 to $12,627 with an overall median price of $2,873. The three Durham neighborhoods with the lowest median rent pricing are Northgate at $850, Kenion Grove at $990, and Parkwood at $839. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Durham Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Northgate$1,500$85042
Kenion Grove$1,579$99050
Parkwood$1,690$839315
UNC at Chapel Hill$1,695$958206
Cardinal Lake$1,749$805183
Latta Road$1,764$880160
Latta Woods$1,779$880167
Weaver$1,779$89987
Clearwater Lake$1,783$949250
North Garrett Road$1,785$839581

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 $805. Vivo Living Ivy Creek in the Downtown Durham neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $839. 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$805
Vivo Living Ivy CreekSTDO - StudioStudio,1BA$839
Vivo Living Forest HillsSTDO - StudioStudio,1BA$839
Icon Downtown DurhamA1 Studio C Standard -Call for AvailabilityStudio,1BA$875
Pine RidgeThe Brightleaf 5351BR,1BA$877
Mission University PinesA11BR,1BA$880
Willowdaile111BR,1BA$880
South Point1 Bedroom 1 Bathoom1BR,1BA$899
Regency Place Apartments1 Bedroom 1 Bathroom1BR,1BA$899
Crossings @ 5011x1 Creekview Classic- Call for Availability1BR,1BA$900

Best Value Apartments for Rent in Durham, NC

As of January 27, 2026 the best value apartment in the Durham area is the $1.05 price per square foot The Trinity 1800 Model at Lochridge in the in the South Durham neighborhood starting from $1,895. The second greatest value Durham apartment is the B3 Model at Encore at the Park starting at $1,500 with a $1.18 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.
LochridgeThe Trinity 18003BR,2.5BA$1.05
Encore at the ParkB32BR,2BA$1.18
2211 Morehead Ave2BR/2BA Upper Floor2BR,2BA$1.00
Holly HillTwo Bedroom 1.5 Bath2BR,1.5BA$1.07
Shortbread LoftsC13BR,3BA$0.94
Lenox EastThe Eno 11622BR,2.5BA$1.09
Taylor's PondThe Eno 11622BR,2.5BA$1.13
Balfour West2 Bedroom Townhome Renovated2BR,2.5BA$1.20
Monarch ApartmentsMonarch - 2 bed (without W/D units)2BR,2BA$1.20
Forest Glen ApartmentsNoble2BR,2BA$1.12

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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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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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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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 876 Apartments for Rent in Durham, NC with pricing that ranges from $565 to $8,368. There are also 630 Single Family Homes for rent, Condos, and Townhome rentals currently available in Durham ranging from $525 to $6,750.

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 $525 to $6,750 with an average monthly rent of $2,806.

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 $1,110 to $7,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,095.

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

decorative image for Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC article

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.