Homes for Rent in 27703

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What to Know About

Living in 27703

Durham, known as the "City of Medicine," is a vibrant city in the heart of the Research Triangle area. It is known for its high-quality universities and research institutions, cultural diversity, and thriving arts scene. Home to Duke University and North Carolina Central University, Durham boasts a well-educated population and a solid commitment to healthcare, with world-renowned Duke University Hospital and many other healthcare facilities in the area. Durham also offers the Durham Performing Arts Center, the Museum of Life and Science, the Nasher Museum of Art, and the American Tobacco Historic District.

The city offers natural wonders, including the Eno River State Park, the Sarah P. Duke Gardens, and the American Tobacco Trail. Sports fans can enjoy cheering on the Duke Blue Devils or the Durham Bulls (MiLB) in historic Durham Bulls Athletic Park. The food scene is also a major draw, known for its farm-to-table dining and craft breweries. In addition, Durham hosts the Full Frame Documentary Film Festival and the Art of Cool Festival.

Durham offers an excellent quality of life with a bustling downtown, a strong sense of community, and plenty of amenities for residents to enjoy, making it a great place to live.

Rental Market Trends

Durham, NC

As of July 2025, Durham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Durham's average rent is 7.0% ($109) higher than the North Carolina average of $1,562 and 5.9% ($104) lower than the U.S. average of $1,775.

Average Rent
$1,671
Monthly ChangeMonth Over Month Change
Decreased1.3% ($22)
Yearly ChangeYear Over Year Change
Decreased6.6% ($118)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,472 Decreased2.3% ($35) Decreased7.6% ($121)
2 Beds $1,676 Decreased9.2% ($170) Decreased13.7% ($266)
3 Beds $2,231 Increased7.6% ($158) Increased0.8% ($17)
Nearby Cities Average Rent Avg. Rent vs. DurhamAverage Rent vs. Durham Avg. Days on MarketAverage Days on Market
Morrisville $1,746 Increased4.5% ($75) 20 days
Hillsborough $1,503 Decreased10.1% ($168) 26 days
Chapel Hill $2,076 Increased24.2% ($405) 28 days
Carrboro $1,457 Decreased12.8% ($214) 30 days
Cary $1,798 Increased7.6% ($127) 20 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Durham Rental Market FAQs

Explore rental prices, market trends, and availability in Durham, NC.

The average rent in Durham, NC is $1,671 per month.
Homes in Durham typically rent for between $1,030 and $2,900 per month, with an average of $1,671 per month.
In Durham, the average rent for a 1-bedroom home is $1,472 per month, for a 2-bedroom home, $1,676 per month, and a 3-bedroom home is $2,231 per month.
The average rent in Durham is 5.9% ($104) lower than the national average of $1,775 per month.
The average rent in Durham has decreased by 1.3% ($22) in the last month and decreased by 6.6% ($118) over the past year.
The rental market in Durham, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Durham, NC, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 541 rental properties available in Durham, NC.
Based on the current averages, a household would need an annual income of $67,040 to comfortably afford a 2-bedroom home in Durham.
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