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Rental Market Trends in Morrisville, NC

Updated July 2026

The average rent in Morrisville, NC is $1,419/month.

Rent in Morrisville is roughly equal to the national average rent of of $1,663/month.

$1,419/month

Average Rent

782 Sq Ft

Average Size

+3.1%

Change / Year

3,152

Available Apartments

Morrisville rent varies by unit size and layout:

  • Studio apartments in Morrisville average $1,437 per month.
  • One-bedroom apartments in Morrisville average $1,419 per month.
  • Two-bedroom apartments in Morrisville average $1,701 per month.
  • Three-bedroom apartments in Morrisville average $2,175 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,437/month
610 Sq Ft
One Bedroom
$1,419/month
782 Sq Ft
Two Bedroom
$1,701/month
1,145 Sq Ft
Three Bedroom
$2,175/month
1,573 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,206/month
1,280 Sq Ft
Four Bedroom
$2,750/month
2,221 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$888/month
1,751 Sq Ft
Two Bedroom
$1,917/month
1,527 Sq Ft
Three Bedroom
$2,126/month
1,387 Sq Ft
Four Bedroom
$2,494/month
2,090 Sq Ft
View Morrisville Apartments

How much has average rent changed in Morrisville, NC?

In the past year, rent has increased by 3.1%, which averages out to $44 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Morrisville, NC

July 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Morrisville, NC
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
23% $1,001 - $1,500/month
67% $1,501 - $2,000/month
10% Above $2,000/month

What salary do I need to live comfortably in Morrisville, NC?

Because the average rent in Morrisville is $1,419, you’ll want to make about $4,730 per month or $56,760 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.

City

Morrisville, NC

3,152 Available Apartments for Rent

Search for Nearby Apartments

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.

View the Morrisville Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Cary

    Cary

  • Apex

    Apex

  • Durham

    Durham

  • Chapel Hill

    Chapel Hill

  • Carrboro

    Carrboro

Apartment Communities in Morrisville We Think You'll Love

MAA Nixie

MAA Nixie

1250 Hitchings Way,
Durham, NC 27713

Studio - 3 Beds | $1,468 - $2,913

Bradford Cary

Bradford Cary

21035 Bradford Green Sq,
Cary, NC 27519

Studio - 3 Beds | $1,395 - $4,195

NOVEL Morrisville by Crescent Communities

NOVEL Morrisville by Crescent Communities

218 Southport Dr,
Morrisville, NC 27560

Studio - 3 Beds | $1,582 - $4,079

Marquis on Cary Parkway

Marquis on Cary Parkway

1100 Cameron Chase Dr,
Morrisville, NC 27560

1-3 Beds | $1,272 - $1,864

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Frequently Asked Questions

What is the average rent in Morrisville?

The average rent in Morrisville is $1,419 per month, which is 14.7% lower than the national average of $1,663.

What is the average rent for a house in Morrisville?

The average rent for a house in Morrisville, NC is $2,206 per month.

What is the average rent for a townhome in Morrisville?

The average rent for a townhome in Morrisville, NC is $1,917 per month.

Are rents going up or down in Morrisville?

Rents in Morrisville, NC are increasing, with prices up 3.1% year-over-year and $44 more per month.

What rent range is most common in Morrisville?

In Morrisville, NC, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States North Carolina Morrisville Rental Trends

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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity