Cheap Apartments for Rent in the Downtown Durham Neighborhood of Durham, NC from $500 (119 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown Durham area of Durham.

Showing Results 1-50, Page 1 of 3

Downtown Durham, Durham, NC Local Guide

Cheapest Available Downtown Durham Apartments for Rent

 

The cheapest available apartment rental in the Downtown Durham area of Durham, NC is a 1 Bed unit found at 912 Alma St priced from $560. 2002 Strebor St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here are the most affordable Downtown Durham apartments for rent in Durham, NC:

Apartment ListingModel NameBed/BathPriced From
912 Alma St912 Alma St1BR,1BA$560
2002 Strebor St2002 Strebor St1BR,1BA$575
1315 Scholar Dr1315 Scholar Dr1BR,1BA$640
701 Fanning Way701 Fanning Way1BR,1BA$695
1420 Maplewood Dr1420 Maplewood Dr1BR,1BA$695
160 Presidents Dr160 Presidents Dr1BR,1BA$715
Dupont CircleThe Brightleaf 6001BR,1BA$739
1305 Scholar Dr1305 Scholar Dr1BR,1BA$750
404 Formosa Ave404 Formosa Ave1BR,1BA$750

Best Value Apartments for Rent in Downtown Durham, NC

As of March 29, 2025 the best value apartment in the Downtown Durham area is the $0.29 price per square foot 3908 Booker Ave Model at 3908 Booker Ave in the in the Fayetteville Street Corridor neighborhood starting from $850. The second greatest value Downtown Durham apartment is the 2002 Strebor St Model at 2002 Strebor St starting at $575 with a $0.22 price per square foot in the Downtown Durham neighborhood. Here is today’s list of the best values for Downtown Durham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3908 Booker Ave3908 Booker Ave1BR,1BA$0.29
2002 Strebor St2002 Strebor St1BR,1BA$0.22
404 Formosa Ave404 Formosa Ave1BR,1BA$0.29
404 Formosa Ave404 Formosa Ave1BR,1BA$0.29
701 Fanning Way701 Fanning Way1BR,1BA$0.30
160 Presidents Dr160 Presidents Dr1BR,1BA$0.32
160 Presidents Dr160 Presidents Dr1BR,1BA$0.32
912 Alma St912 Alma St1BR,1BA$0.25
912 Alma St912 Alma St1BR,1BA$0.25
Room in House on Genlee DrRoom in House on Genlee Dr1BR,1BA$0.36
1706 Merrick St1706 Merrick St1BR,1BA$0.44
1706 Merrick St1706 Merrick St1BR,1BA$0.44
1315 Scholar Dr1315 Scholar Dr1BR,1BA$0.38
1305 Scholar Dr1305 Scholar Dr1BR,1BA$0.46

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Durham, Durham, NC

Ranked #2

Among neighborhoods in Durham, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Durham, Durham, NC

School data provided by Great Schools

Best Local Schools in
Downtown Durham, Durham, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across North Carolina and customized analysis for Central Durham, NC. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Durham Apartments

What is a cheap apartment in Downtown Durham?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Durham is under $750.

What is the price of a cheap apartment in Downtown Durham?

The cheapest apartment in Downtown Durham is 912 Alma St which is listed at $560, while the average apartment in Downtown Durham costs $2,150.

What types of apartments are the cheapest in Downtown Durham?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 125 regular apartments in Downtown Durham that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Durham?

Cheap apartments in Downtown Durham have an average cost of $275 which is $1,875 cheaper than the average rent for all rentals in Downtown Durham.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.