
Cheap Apartments for Rent in the Parkwood Neighborhood of Durham, NC from $800 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Durham.


Woodlake Reserve

Emerald Place

Triangle Park Apartments

The Sawyer
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Lodge at Southpoint

Legacy at Meridian Apartments

Cortland Research Park
Durham's Best Affordable Neighborhoods
Learn about Durham and the best places to live with original content written by Local Expert Billy K

Falls Pointe at the Park Apartments

TRELLIS DURHAM RTP Apartments

Woodland Creek Apartments

The Village at Auburn Apartments

Alexander Crossing

54 Station

Southpoint Glen

The Berkeley At Southpoint
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Greens of Pine Glen Apartments
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Bexley at Triangle Park

Chancery Village
Parkwood, Durham, NC Local Guide

How much does it cost to rent an apartment in Parkwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkwood Studio Apartments | $1,087 | $835 | $1,555 |
Parkwood 1 Bedroom Apartments | $1,472 | $833 | $3,099 |
Parkwood 2 Bedroom Apartments | $1,675 | $1,125 | $4,481 |
Parkwood 3 Bedroom Apartments | $2,309 | $1,525 | $7,744 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Durham, NC.
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Parkwood, Durham, NC Local Guide
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Cheapest Available Parkwood Apartments for Rent
 The cheapest available apartment rental in the Parkwood area of Durham, NC is a Studio unit found at Vivo Living Forest Hills priced from $810. The Pines has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Parkwood apartments for rent in Durham, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Vivo Living Forest Hills | Studio | Studio,1BA | $810 |
The Pines | Studio | Studio,1BA | $950 |
Emerald Place | Premier | 1BR,1BA | $957 |
Woodlake Reserve | Brightleaf | 1BR,1BA | $980 |
Bentley Ridge | The Brightleaf 535 | 1BR,1BA | $990 |
Triangle Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,030 |
Aven | Beech | 1BR,1BA | $1,069 |
Audubon Lake | The Brightleaf 650 | 1BR,1BA | $1,126 |
Legacy at Meridian Apartments | Summerville | 1BR,1BA | $1,131 |
TRELLIS DURHAM RTP Apartments | Open Bedroom | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Parkwood, NC
As of July 15, 2025 the best value apartment in the Parkwood area is the $1.39 price per square foot 3 Bedroom Model at The Village at Auburn Apartments in the in the South Durham neighborhood starting from $2,089. The second greatest value Parkwood apartment is the B1 Renovated Model at The Sawyer starting at $1,350 with a $1.26 price per square foot in the Downing Creek neighborhood. Here is today’s list of the best values for Parkwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Village at Auburn Apartments | 3 Bedroom | 3BR,3BA | $1.39 |
The Sawyer | B1 Renovated | 2BR,2BA | $1.26 |
Bexley at Triangle Park | Hatteras | 2BR,2BA | $1.36 |
Greens of Pine Glen Apartments | C1 | 3BR,2BA | $1.48 |
Falls Pointe at the Park Apartments | B1 | 2BR,2BA | $1.24 |
Highgate Townhomes | The Eno 1025 | 2BR,2BA | $1.38 |
Woodland Creek Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $1.38 |
Park Ridge Estates | The Waterford | 1BR,1BA | $1.50 |
Aven | Beech | 1BR,1BA | $1.43 |
Woodlake Reserve | Bennett | 1BR,1BA | $1.50 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleParkwood, Durham, NC
Ranked #39
Among neighborhoods in Durham, NC for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Parkwood Apartments
What is a cheap apartment in Parkwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkwood is under $1,195.
What is the price of a cheap apartment in Parkwood?
The cheapest apartment in Parkwood is Emerald Place which is listed at $957, while the average apartment in Parkwood costs $1,899.
What types of apartments are the cheapest in Parkwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Parkwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Parkwood?
Cheap apartments in Parkwood have an average cost of $204 which is $1,695 cheaper than the average rent for all rentals in Parkwood.
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.

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.

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.

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.

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.