Novel Morrisville by Crescent Communities
218 Southport Dr,
Morrisville, NC 27560
Studio - 3 Beds | $1,415 - $3,635
Rental Market Trends in Morrisville, NC
What is the average rent in Morrisville, NC?
$1,416/month
Average Rent
773 Sq Ft
Average Apartment Size
-4.3%
Decrease in the Last Year
As of December 2024, the average rent in Morrisville, NC is $1,416 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Morrisville rent prices are 9% lower than the national average. When you rent an apartment in Morrisville, you can expect to pay about $1,938 per month for a studio, $1,416 for a one-bedroom apartment, and around $1,688 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,142 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 Morrisville, NC?
In the past year, rent has decreased by 4.3%, which averages out to $60 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 Morrisville, NC
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
26%
$1,001 - $1,500/month
61%
$1,501 - $2,000/month
13%
Above $2,000/month
What salary do I need to live comfortably in Morrisville, NC?
Because the average rent in Morrisville is $1,416, you’ll want to make about $4,720 per month or $56,640 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 Morrisville, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Morrisville, 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.
Nearby City Rent Trends
Apartment communities in Morrisville we think you'll love
Property Management Companies in Morrisville, NC
Greystar
-
3,191
Communities
-
884,840
Units
-
829
Cities
17 Communities in Morrisville
Weinstein Properties
-
61
Communities
-
20,547
Units
-
34
Cities
4 Communities in Morrisville
Bell Partners
-
257
Communities
-
81,820
Units
-
136
Cities
2 Communities in Morrisville
Highmark Residential
-
225
Communities
-
64,209
Units
-
121
Cities
2 Communities in Morrisville
Hawthorne Residential Partners
-
255
Communities
-
61,944
Units
-
116
Cities
2 Communities in Morrisville
Drucker + Falk
-
148
Communities
-
35,253
Units
-
56
Cities
2 Communities in Morrisville
CWS Capital Partners
-
104
Communities
-
30,572
Units
-
43
Cities
2 Communities in Morrisville
Magnolia Capital
-
23
Communities
-
6,929
Units
-
13
Cities
2 Communities in Morrisville
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.