Lofts at Lakeview
2616 Erwin Rd,
Durham, NC 27705
Studio - 2 Beds | $1,595 - $2,995
Rental Market Trends in Durham, NC
Updated July 2026
The average rent in Durham, NC is $1,412/month.
Rent in Durham is 15% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,412/month
Average Rent
733 Sq Ft
Average Size
+1.3%
Change / Year
8,336
Available Apartments
Durham rent varies by unit size and layout:
- Studio apartments in Durham average $1,304 per month.
- One-bedroom apartments in Durham average $1,412 per month.
- Two-bedroom apartments in Durham average $1,617 per month.
- Three-bedroom apartments in Durham average $1,981 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Durham, NC?
In the past year, rent has increased by 1.3%, which averages out to $19 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Durham, NC
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
15%
$700 - $1,000/month
48%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Durham?
Based on current rent prices, Northeast Durham, Campus Hills and Weaver 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, American Tobacco and City Center Durham 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 $1,412, you’ll want to make about $4,706 per month or $56,472 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.
Cost of Living
The cost of living in Durham, NC is 1.7% lower than the national average. Generally, housing in Durham is 1.4% more expensive than the national average, with rent falling between $1,304 - $1,981. You can expect to pay 1.6% more for groceries, 8.5% less for utilities, and 6.3% less for transportation.
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.
View the Durham Area GuideStudio
-
$1,406/month
One Bedroom
$1,060/month
$1,476/month
Two Bedroom
$1,063/month
$1,610/month
Three Bedroom
-
$2,238/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Durham We Think You'll Love
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
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Durham?
The average rent in Durham is $1,412 per month, which is 15.1% lower than the national average of $1,663.
What is the average rent for a house in Durham?
The average rent for a house in Durham, NC is $2,183 per month.
What is the average rent for a townhome in Durham?
The average rent for a townhome in Durham, NC is $1,876 per month.
What is the average rent for a condo in Durham?
The average rent for a condo in Durham, NC is $1,498 per month.
Are rents going up or down in Durham?
Rents in Durham, NC are increasing, with prices up 1.3% year-over-year and $19 more per month.
What rent range is most common in Durham?
In Durham, NC, 48% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.