Apartments & Homes for Rent in 27704

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What to Know About

Living in 27704

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 May 2025, Durham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Durham's average rent is 4.5% ($72) higher than the North Carolina average of $1,593 and 7.1% ($128) lower than the U.S. average of $1,793.

Average Rent
$1,665
Monthly ChangeMonth Over Month Change
Increased1% ($16)
Yearly ChangeYear Over Year Change
Decreased11.8% ($223)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,484 Increased1.5% ($22) Decreased18.3% ($333)
2 Beds $1,804 Increased3.3% ($57) Decreased11.9% ($243)
3 Beds $2,052 Decreased7.8% ($174) Decreased21.4% ($559)
Nearby Cities Average Rent Avg. Rent vs. DurhamAverage Rent vs. Durham Avg. Days on MarketAverage Days on Market
Morrisville $1,712 Increased2.8% ($47) 20 days
Hillsborough $1,594 Decreased4.3% ($71) 26 days
Chapel Hill $2,046 Increased22.9% ($381) 28 days
Carrboro $1,693 Increased1.7% ($28) 30 days
Creedmoor $1,364 Decreased18.1% ($301) 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 $1,665 per month.
Homes in Durham typically rent for between $1,039 and $2,668 per month, with an average of $1,665 per month.
In Durham, the average rent for a 1-bedroom home is $1,484 per month, for a 2-bedroom home, $1,804 per month, and a 3-bedroom home is $2,052 per month.
The average rent in Durham is 7.1% ($128) lower than the national average of $1,793 per month.
The average rent in Durham has increased by 1.0% ($16) in the last month and decreased by 11.8% ($223) 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 498 rental properties available in Durham, NC.
Based on the current averages, a household would need an annual income of $72,160 to comfortably afford a 2-bedroom home in Durham.
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