The Apartments at Palladian Place
260 Leigh Farm Rd,
Durham, NC 27707
Studio - 3 Beds | $1,487 - $2,799
Rental Market Trends in Durham, NC
What is the average rent in Durham, NC?
$1,360/month
Average Rent
739 Sq Ft
Average Apartment Size
-1.9%
Decrease in the Last Year
As of December 2024, the average rent in Durham, NC is $1,360 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Durham rent prices are 13% lower than the national average. When you rent an apartment in Durham, you can expect to pay about $1,299 per month for a studio, $1,360 for a one-bedroom apartment, and around $1,583 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,902 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Durham, NC?
In the past year, rent has decreased by 1.9%, which averages out to $25 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Durham, NC
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
19%
$700 - $1,000/month
46%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Durham?
Based on current rent prices, Duke Homestead, South Square and Woodcroft are the most affordable neighborhoods in Durham.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Durham?
Based on current rent prices, West Village, Brightleaf and Central Park are the most expensive neighborhoods in Durham.
Neighborhood
Average Rent
Average Sq Ft
Which Durham neighborhoods have the most rentals available?
The neighborhoods in Durham with the most apartments available are Downtown Durham, South Durham and RTP .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Durham, NC?
Because the average rent in Durham is $1,360, you’ll want to make about $4,533 per month or $54,396 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Durham, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Durham, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,379/month
One Bedroom
$1,071/month
$1,477/month
Two Bedroom
$1,254/month
$1,585/month
Three Bedroom
$1,566/month
$2,194/month
Nearby City Rent Trends
Apartment communities in Durham we think you'll love
Property Management Companies in Durham, NC
Greystar
-
3,188
Communities
-
883,281
Units
-
828
Cities
34 Communities in Durham
Bell Partners
-
253
Communities
-
80,747
Units
-
134
Cities
11 Communities in Durham
MAA
-
282
Communities
-
99,238
Units
-
115
Cities
9 Communities in Durham
Hawthorne Residential Partners
-
255
Communities
-
61,944
Units
-
116
Cities
7 Communities in Durham
General Services Corporation
-
66
Communities
-
21,922
Units
-
26
Cities
7 Communities in Durham
Weinstein Properties
-
61
Communities
-
20,547
Units
-
34
Cities
6 Communities in Durham
Willow Bridge
-
680
Communities
-
186,385
Units
-
311
Cities
5 Communities in Durham
Cortland
-
173
Communities
-
63,176
Units
-
91
Cities
5 Communities in Durham
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.