1507 Clermont Rd
DurhamNC27713
Cheap Homes for Rent in Parkwood Neighborhood of Durham, NC from $1,500 (3 Rentals)
Search the lowest-cost Homes 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.
1041 Laceflower Dr
DurhamNC27713
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.
1015 Saffron Lp
DurhamNC27713
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Parkwood, Durham, NC Local Guide
How much does it cost to rent a home in Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood 2 Bedroom Homes for Rent | $1,595 | $1,595 | $1,595 |
| Parkwood 3 Bedroom Homes for Rent | $2,066 | $1,850 | $2,250 |
| Parkwood 4 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Durham, NC.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Village at Auburn Apartments | 3 Bedroom | 3BR,3BA | $1.33 |
| Woodland Creek Townhomes and Apartments | The Dogwood Townhome | 3BR,1.5BA | $1.29 |
| The Sawyer | B1R | 2BR,2BA | $1.28 |
| Park Ridge Estates | The Hartford | 2BR,2BA | $1.41 |
| Sutton Station | The Duke 961a | 1BR,1BA | $1.55 |
| Legacy at Meridian Apartments | Stratford | 1BR,1BA | $1.43 |
| Falls Pointe at the Park | 1A - 80% | 1BR,1BA | $1.56 |
| Bexley at Triangle Park | Sunset | 1BR,1BA | $1.50 |
| Southpoint Glen | Dogwood | 1BR,1BA | $1.51 |
| Woodlake Reserve | Bennett | 1BR,1BA | $1.52 |
Frequently Asked Questions about Parkwood
What type of rentals are currently available in Parkwood?
There are currently 41 Apartments for Rent in Parkwood, NC with pricing that ranges from $799 to $3,948. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood ranging from $1,595 to $2,300.
What is the current price range for Rental Homes in Parkwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkwood ranges from $1,595 to $2,300 with an average monthly rent of $1,987.
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
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.
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.
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.
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.