Cheap Homes for Rent in Parkwood Neighborhood of Durham, NC from $1,300 (2 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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.

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Elevate the ParkThe Durham2BR,2BA$1.57
The SawyerA1 Renovated1BR,1BA$1.30
The Berkeley At SouthpointOne bedroom / One bathroom1BR,1BA$1.69
54 StationNorth1BR,1BA$1.95
Cortland at RTPCameron1BR,1BA$1.60
Cortland Research ParkAmberly1BR,1BA$1.70
Aventon CaryS2Studio ,1BA$2.30
Emerald PlaceGrand Renovated1BR,1BA$2.09
Bentley RidgeThe Brightleaf 6101BR,1BA$1.76
The PinesStudio1BR,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.

decorative image of people with a giant lease agreement

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.