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74 Apartments for rent in Morrisville, NC

Read Guide >
Last updated November 23 at 8:08pm UTC
516 Dyersville Dr
Morrisville
Morrisville, NC
Updated November 9 at 12:21pm UTC
3 Bedrooms
$1,500
743 Blossom Grove Drive
Cary Park
Morrisville, NC
Updated November 18 at 9:49am UTC
2 Bedrooms
$1,250
433 Liberty Hill Pass
Morrisville
Morrisville, NC
Updated October 19 at 2:04am UTC
3 Bedrooms
$1,795
116 Waltons Creek Road
Morrisville
Morrisville, NC
Updated November 22 at 2:24am UTC
3 Bedrooms
$1,650
309 Shakespeare Street
Morrisville
Morrisville, NC
Updated November 23 at 1:50am UTC
4 Bedrooms
$1,895
516 Liberty Hill Pass
Morrisville
Morrisville, NC
Updated November 15 at 10:10am UTC
4 Bedrooms
$1,800
2033 Kirkhaven Road
Morrisville
Morrisville, NC
Updated November 23 at 11:01am UTC
4 Bedrooms
$1,899
104 Paxford Ct
Morrisville
Morrisville, NC
Updated November 6 at 1:44am UTC
5 Bedrooms
$2,300
Kudrow Ln
Morrisville
Morrisville, NC
Updated November 23 at 9:06am UTC
2 Bedrooms
$1,145
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City Guide
Morrisville
Moving to Morrisville

The majority of homes in Morrisville are single family, but if you want to rent an apartment in the area, the task wont be impossible. Its essentially a college town, so turnover is high, with an annual residential turnover of 35%. Whether youre looking for a house or an apartment, the homes there are nearly equally either rented or bought, so renting is a definitely possibility in Morristown.

Morristowns rental prices are about average for a one bedroom or studio, you can expect to pay about half of the rates in larger cities which is similar to suburban areas located close to big cities or universities throughout the country. The area is a good mix of families with children who are associated with nearby universities and graduate students (some undergrads) who are looking not to live right on campus so whether you are married with kids or looking to build a community of young people for yourself, Morrisville could be just the right place for you.

If you want to move to Morrisville, you better come prepared. Gather up your financial documents -- bank statements, pay stubs, tax returns, and be prepared to have a credit report run. Also, make sure you have a bunch of cash on hand. Moving will be expensive -- especially if you use a real estate broker. You might also want to consider hiring professional movers so that you can ensure that all of your stuff gets there in one piece.

Neighborhoods

Want to move to Morrisville? You better do some research about where in town you'll want to end up.

Clegg: Clegg is in northwestern Morrisville, and it feels like typical suburbia. There's a good mix of high-rises and single-family homes here, so no matter what type of place you're looking to settle down in, you'll probably be able to find it. $$$

Town Center: This is where all the action is in Morrisville. There are shops, restaurants and businesses , and it's one of the only places you can walk from place to place. It's hip and trendy, but it's still mostly single-family homes. If you want to rent an apartment, you might want to consider somewhere else. $$$$$

Aerial Center: This is the westernmost neighborhood in Morrisville. This is also a trendy and hip area, and it mostly has expensive homes. Pick this place if you want to be somewhere nice, quiet and with a thriving intellectual community. $$$$

Golden Horseshoe Circle: This is the place you'll want to go if you're wanting to be a renter. It's the cheapest area in the whole city, so you should also look there if your wallet is on the lighter side. $

Living in Morrisville

If you live in Morrisville, most people say that you'll want to have a car. There is public bus transportation around the city, but the area it covers is limited, and it isn't convenient if you want to be on your own schedule. You can get to Raleigh, Durham, and Chapel Hill on daily buses, however. To get out of the area completely, residents in Morrisville can get to the Raleigh-Durham International Airport, located just to the north of Morrrisville.

Morrisville residents often commute out of the city fr work, but on the weekends, there is lots to do in the city, including 6 parks and sports complexes, rock climbing, movie theaters, restaurants, hotels and more. If you're looking for something a little more exciting, Morrisvilles location provides easy access to the Blue Ridge Mountains, as well as a short drive to the beach on the nearby Atlantic Shore. If you're looking for a Southern town that has the hospitality without the backwardness and boringness of a lot of Southern places, Morrisville might be just the place for you.

Rent Report
Morrisville

November 2017 Morrisville Rent Report

Welcome to the November 2017 Morrisville Rent Report. Morrisville rents declined over the past month. In this report, we'll evaluate trends in the Morrisville rental market, including comparisons to cities throughout the state and nation.

Morrisville rents declined over the past month

Morrisville rents have declined 0.7% over the past month, but have increased significantly by 5.8% in comparison to the same time last year. Currently, median rents in Morrisville stand at $1,150 for a one-bedroom apartment and $1,340 for a two-bedroom. Morrisville's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 2.7%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Morrisville, 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 3.6% 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 Fayetteville experiencing the fastest growth (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Many large cities nationwide show more affordable rents compared to Morrisville

As rents have increased significantly in Morrisville, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Morrisville is less affordable for renters.

  • Morrisville's median two-bedroom rent of $1,340 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.8% increase in Morrisville.
  • While Morrisville's rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will generally find more expensive prices in Morrisville than most large cities. For example, Detroit has a median 2BR rent of $890, where Morrisville is more than one-and-a-half times that price.

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.