Homes & Apartments 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 2026, Durham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Durham's average rent is 12.2% ($179) higher than the North Carolina average of $1,462 and 8.4% ($151) lower than the U.S. average of $1,792.

Average Rent
$1,641
Monthly ChangeMonth Over Month Change
Decreased2.4% ($41)
Yearly ChangeYear Over Year Change
Decreased1.8% ($30)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,463 Decreased0.9% ($13) Decreased0.6% ($9)
2 Beds $1,692 Decreased5.5% ($98) Increased1% ($16)
3 Beds $2,042 Decreased1.7% ($36) Decreased8.5% ($189)
Nearby Cities Average Rent Avg. Rent vs. DurhamAverage Rent vs. Durham Avg. Days on MarketAverage Days on Market
Morrisville $1,726 Increased5.2% ($85) 20 days
Hillsborough $1,503 Decreased8.4% ($138) 26 days
Chapel Hill $1,741 Increased6.1% ($100) 28 days
Carrboro $1,283 Decreased21.8% ($358) 30 days
Creedmoor $1,389 Decreased15.4% ($252) 33 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 $1,641 per month.
Homes in Durham typically rent for between $1,024 and $2,655 per month, with an average of $1,641 per month.
In Durham, the average rent for a 1-bedroom home is $1,463 per month, for a 2-bedroom home, $1,692 per month, and a 3-bedroom home is $2,042 per month.
The average rent in Durham is 8.4% ($151) lower than the national average of $1,792 per month.
The average rent in Durham has decreased by 2.4% ($41) in the last month and decreased by 1.8% ($30) 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 448 rental properties available in Durham, NC.
Based on the current averages, a household would need an annual income of $67,680 to comfortably afford a 2-bedroom home in Durham.
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