
Cheap Homes for Rent in Patterson Place Neighborhood of Durham, NC from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Patterson Place area of Durham.


4101 Five Oaks Dr
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.

Furnished Studio-Durham - University

4100 Five Oaks Dr
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.
Patterson Place, Durham, NC Local Guide

How much does it cost to rent a home in Patterson Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Patterson Place 2 Bedroom Homes for Rent | $1,640 | $1,595 | $1,700 |
| Patterson Place 3 Bedroom Homes for Rent | $2,475 | $2,475 | $2,475 |
| Patterson Place 4 Bedroom Homes for Rent | $4,450 | $4,300 | $4,600 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Patterson Place Neighborhood of Durham, NC.
Explore Durham
Best Value Apartments for Rent in Patterson Place, NC
As of May 22, 2026 the best value apartment in the Patterson Place area is the $1.49 price per square foot Atlanta Model at J501 Estates in the in the Downtown Durham neighborhood starting from $1,984. The second greatest value Patterson Place apartment is the C1 - The Madison Model at Southpoint Estate Apartments starting at $1,565 with a $1.27 price per square foot in the Downing Creek neighborhood. Here is today’s list of the best values for Patterson Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| J501 Estates | Atlanta | 2BR,2.5BA | $1.49 |
| Southpoint Estate Apartments | C1 - The Madison | 3BR,2BA | $1.27 |
| Avana 55Twelve | C1 | 3BR,2BA | $1.52 |
| The Sawyer | B1R | 2BR,2BA | $1.28 |
| Park Ridge Estates | The Waterford | 1BR,1BA | $1.47 |
| Alden Place at South Square | Richmond | 1BR,1BA | $1.48 |
| ReNew Durham | Atlanta | 1BR,1BA | $1.42 |
| The Mews Apartments and Townhomes | The Dover | 1BR,1BA | $1.23 |
| Mission University Pines | A2 | 1BR,1BA | $1.26 |
| South Point | 1 Bedroom 1 Bathoom | 1BR,1BA | $1.43 |
Frequently Asked Questions about Patterson Place
What type of rentals are currently available in Patterson Place?
There are currently 49 Apartments for Rent in Patterson Place, NC with pricing that ranges from $817 to $6,132. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Patterson Place ranging from $1,595 to $4,600.
What is the current price range for Rental Homes in Patterson Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Patterson Place ranges from $1,595 to $4,600 with an average monthly rent of $2,855.
How much are larger Three and Four Bedroom Rentals in Patterson Place?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Patterson Place range from $1,367 to $4,777, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,475 to $2,475. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $2,500.
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.