Cheap Apartments for Rent in the Parkwood Neighborhood of Durham, NC from $700 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkwood area of Durham.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Cortland Research Park
Rent Specials
$1,190 - $4,213
Total Monthly Price

Total Monthly Price

Base Rent
$1,190 - $4,213

Total Monthly Price
$1,190 - $4,213
1 to 2 Bedroom Apartments Available Now

Cortland Research Park

4405 Waterford Valley DrDurham, NC 27713
Corporate Housing
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Alexander Crossing
Rent Specials
$1,318 - $2,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,318 - $2,089

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Alexander Crossing

3500 Louis Stephens DrDurham, NC 27713
Corporate Housing
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  • 3D Tour

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Republic Flats
Rent Specials
$1,441 - $2,030
Total Monthly Price

Total Monthly Price

Base Rent
$1,441 - $2,030

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Republic Flats

800 Finsbury StDurham, NC 27703
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SOUTHPOINT VILLAGE
Rent Specials
$1,499 - $2,242
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,242

Total Monthly Price
$1,499 - $2,242
1 to 2 Bedroom Apartments Available Now

SOUTHPOINT VILLAGE

100 Village Circle WayDurham, NC 27713
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Bentley Ridge
1 Bedroom Apartments

Bentley Ridge

5523 NC Highway 55Durham, NC 27713
  • Utilities Included
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Fox Chase
1 Bedroom Apartments

Fox Chase

3601-3707 Highgate DrDurham, NC 27713
  • Utilities Included
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Sutton Station
1 to 2 Bedroom Apartments

Sutton Station

5836 Fayetteville RdDurham, NC 27713
  • Utilities Included
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Southpoint Crossing
1 to 3 Bedroom Apartments

Southpoint Crossing

1800 Southpoint Crossing DrDurham, NC 27713

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Lochridge
2 to 3 Bedroom Apartments

Lochridge

100-263 Lochridge DrDurham, NC 27713
  • Utilities Included
property at 1041 Laceflower Dr

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 3 Bath Townhome for Rent

Available Now

1041 Laceflower Dr

DurhamNC27713
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Davis Park
2 Bedroom Apartments

Davis Park

164 Finsbury StDurham, NC 27703
  • Utilities Included

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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 $799. Bentley Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $948. Here are the most affordable Parkwood apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
Vivo Living Forest HillsSTDO - StudioStudio,1BA$799
Bentley RidgeThe Brightleaf 5351BR,1BA$948
The PinesStudioStudio,1BA$950
Emerald PlacePremier1BR,1BA$1,015
The SawyerA11BR,1BA$1,025
Woodlake ReserveBennett1BR,1BA$1,030
Pine RidgeThe Brightleaf 6101BR,1BA$1,038
Southpoint GlenDogwood1BR,1BA$1,091
Woodland Creek Townhomes and ApartmentsThe Maple Townhome1BR,1BA$1,099
Audubon LakeThe Brightleaf 6501BR,1BA$1,111

Best Value Apartments for Rent in Parkwood, NC

As of May 26, 2026 the best value apartment in the Parkwood area is the $1.33 price per square foot 3 Bedroom Model at The Village at Auburn Apartments in the in the South Durham neighborhood starting from $1,995. The second greatest value Parkwood apartment is the The Dogwood Townhome Model at Woodland Creek Townhomes and Apartments starting at $1,595 with a $1.29 price per square foot in the South Durham neighborhood. Here is today’s list of the best values for Parkwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Village at Auburn Apartments3 Bedroom3BR,3BA$1.33
Woodland Creek Townhomes and ApartmentsThe Dogwood Townhome3BR,1.5BA$1.29
The SawyerB1R2BR,2BA$1.28
Park Ridge EstatesThe Hartford2BR,2BA$1.41
Sutton StationThe Duke 961a1BR,1BA$1.55
Legacy at Meridian ApartmentsStratford1BR,1BA$1.43
Falls Pointe at the Park1A - 80%1BR,1BA$1.56
Bexley at Triangle ParkSunset1BR,1BA$1.50
Southpoint GlenDogwood1BR,1BA$1.51
Woodlake ReserveBennett1BR,1BA$1.52

Frequently Asked Questions about Cheap Parkwood Apartments

What is the Cheapest Studio apartment in Parkwood?

Currently the most affordable Cheap Studio Apartment in Parkwood is at Vivo Living Forest Hills listed at $799.

How much is rent for a Cheap One Bedroom Parkwood Apartment?

The lowest price for a Cheap One Bedroom Parkwood Apartment is $947 at Bentley Ridge.

What is the lowest price for a Cheap Two Bedroom Parkwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Parkwood is starting from $1,159 at Southpoint Glen.

What is the most affordable Parkwood Three Bedroom Apartment?

The best deal on a cheap Parkwood Three Bedroom Apartment rental is at Woodland Creek Townhomes and Apartments and starts from $1,585.

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

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Your Guide to the Top 10 Affordable Neighborhoods to Rent in Durham, NC

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.