
Cheap Homes for Rent in Parkwood Neighborhood of Durham, NC from $1,300 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkwood area of Durham.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

411 Vassar Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Parkwood, Durham, NC Local Guide

How much does it cost to rent a home in Parkwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkwood 2 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Parkwood 3 Bedroom Homes for Rent | $2,225 | $2,100 | $2,350 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Durham, NC.
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Parkwood, Durham, NC Local Guide
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Best Value Apartments for Rent in Parkwood, NC
As of May 10, 2025 the best value apartment in the Parkwood area is the $1.57 price per square foot The Durham Model at Elevate the Park in the in the South Durham neighborhood starting from $1,705. The second greatest value Parkwood apartment is the A1 Renovated Model at The Sawyer starting at $1,100 with a $1.30 price per square foot in the Downing Creek neighborhood. Here is today’s list of the best values for Parkwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Elevate the Park | The Durham | 2BR,2BA | $1.57 |
The Sawyer | A1 Renovated | 1BR,1BA | $1.30 |
The Berkeley At Southpoint | One bedroom / One bathroom | 1BR,1BA | $1.69 |
54 Station | North | 1BR,1BA | $1.95 |
Cortland at RTP | Cameron | 1BR,1BA | $1.60 |
Cortland Research Park | Amberly | 1BR,1BA | $1.70 |
Aventon Cary | S2 | Studio ,1BA | $2.30 |
Emerald Place | Grand Renovated | 1BR,1BA | $2.09 |
Bentley Ridge | The Brightleaf 610 | 1BR,1BA | $1.76 |
The Pines | Studio | 1BR,1BA | $1.81 |
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.
Frequently Asked Questions about Parkwood
What type of rentals are currently available in Parkwood?
There are currently 15 Apartments for Rent in Parkwood, NC with pricing that ranges from $875 to $4,411. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkwood ranging from $1,300 to $2,350.
What is the current price range for Rental Homes in Parkwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkwood ranges from $1,300 to $2,350 with an average monthly rent of $1,762.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.