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 June 2026, Durham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Durham's average rent is 13.3% ($197) higher than the North Carolina average of $1,485 and 6.4% ($115) lower than the U.S. average of $1,797.

Average Rent
$1,682
Monthly ChangeMonth Over Month Change
Increased2.2% ($37)
Yearly ChangeYear Over Year Change
Decreased0.6% ($11)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,476 Increased1.8% ($26) Decreased2.1% ($31)
2 Beds $1,790 Decreased0.1% ($2) Decreased3% ($56)
3 Beds $2,078 Increased3.4% ($68) Increased0.2% ($5)
Nearby Cities Average Rent Avg. Rent vs. DurhamAverage Rent vs. Durham Avg. Days on MarketAverage Days on Market
Morrisville $1,714 Increased1.9% ($32) 20 days
Hillsborough $1,511 Decreased10.2% ($171) 26 days
Chapel Hill $1,917 Increased14% ($235) 28 days
Carrboro $1,239 Decreased26.3% ($443) 30 days
Creedmoor $1,452 Decreased13.7% ($230) 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 $1,682 per month.
Apartments in Durham typically rent for between $1,033 and $2,701 per month, with an average of $1,682 per month.
In Durham, the average rent for a 1-bedroom apartment is $1,476 per month, for a 2-bedroom apartment, $1,790 per month, and a 3-bedroom apartment is $2,078 per month.
The average rent in Durham is 6.4% ($115) lower than the national average of $1,797 per month.
The average rent in Durham has increased by 2.2% ($37) in the last month and decreased by 0.6% ($11) 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 469 rental properties available in Durham, NC.
Based on the current averages, a household would need an annual income of $71,600 to comfortably afford a 2-bedroom apartment in Durham.
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