10 Apartments under 800 for rent in Durham, NC

Last updated June 21 at 1:35am UTC
Results within 5 miles of Durham, NC
Results within 10 miles of Durham, NC
503 W C St
Butner
Butner, NC
Updated June 17 at 10:33am UTC
2 Bedrooms
$725
115 Holiday Park Rd
Hillsborough
Hillsborough, NC
Updated June 14 at 1:40am UTC
2 Bedrooms
$695
1355 Springlawn Court
Raleigh
Raleigh, NC
Updated June 13 at 6:03am UTC
1 Bedroom
$475

June 2018 Durham Rent Report

Welcome to the June 2018 Durham Rent Report. Durham rents increased over the past month. In this report, we'll evaluate trends in the Durham rental market, including comparisons to cities throughout the state and nation.

View full Durham Rent Report
Rent Report
Durham

June 2018 Durham Rent Report

Welcome to the June 2018 Durham Rent Report. Durham rents increased over the past month. In this report, we'll evaluate trends in the Durham rental market, including comparisons to cities throughout the state and nation.

Durham rents increase sharply over the past month

Durham rents have increased 1.4% over the past month, and are up slightly by 1.5% in comparison to the same time last year. Currently, median rents in Durham stand at $920 for a one-bedroom apartment and $1,080 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Durham's year-over-year rent growth leads the state average of 1.2%, but is in line with the national average of 1.5%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Durham, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 1.2% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Winston-Salem experiencing the fastest growth (+4.2%).
  • Wilmington, High Point, and Greensboro have all experienced year-over-year growth above the state average (3.4%, 3.3%, and 2.4%, respectively).

Durham rents more affordable than many large cities nationwide

As rents have increased slightly in Durham, a few large cities nationwide have seen rents grow more quickly. Durham is still more affordable than most large cities across the country.

  • Durham's median two-bedroom rent of $1,080 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year, which matches the rise in Durham.
  • While Durham's rents rose slightly over the past year, the city of Seattle saw a decrease of 0.8%.
  • Renters will find more reasonable prices in Durham than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Durham.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.