Average Rent in Morrisville, NC

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Current Versus Historical Morrisville, NC Rents

Morrisville rentals average $1,521 for a 1-bedroom rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $2,195, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $17 (0.94%) year-over-year from $1,834 to $1,852. 1-bedroom rentals prices have increased by $771 (68.44%) year-over-year from $1,127 to $1,898. 2-bedroom rentals prices have increased by $78 (3.47%) year-over-year from $2,241 to $2,319. 3-bedroom rentals prices have increased by $73 (3.33%) year-over-year from $2,199 to $2,273. 4-bedroom rentals prices have decreased by $260 (-9.59%) year-over-year from $2,710 to $2,450. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.94% this month. 1-bedroom rents have gone up by 6.76% this month. 2-bedroom rents have gone up by 9.16% this month. 3-bedroom rents have gone down by 2.12% this month. 4-bedroom rents have gone down by 2.55% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.40	$1,898	$1,127 (68.44%)	$1,781 (6.59%)
2 BR	$1.52	$2,319	$2,241 (3.47%)	$2,127 (9.04%)
3 BR	$1.18	$2,273	$2,199 (3.33%)	$2,128 (6.81%)
4+ BR	$0.98	$2,450	$2,710 (-9.59%)	$2,114 (15.88%)

Historical Rents in Morrisville, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Morrisville

There are a total of 1 cities nearby Morrisville. The average rent in Morrisville is currently $2,200 per month. Our records show that Cary, NC, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near Morrisville, NC is Cary, NC. Monthly rents here are on average $2,200 per month.

Let's compare Morrisville, NC's rent against other top cities nearby by bedroom size. One bedrooms are about 0.43% more affordable. Two bedrooms in Morrisville, NC are about 6.71% more expensive. Finally, rent for three bedrooms are about 4.77% more affordable. Want more information? Check out the top 1 cities near Morrisville, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Cary, NC	N/A	$1,527	$1,773	$2,200

Top Neighborhoods Near Morrisville

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Morrisville

We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Morrisville

There are a total of 2 zipcodes in or near Morrisville, NC. The average rent for all of these zipcodes is $2,288.

The following chart includes the top 2 zipcodes in Morrisville, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27519, Cary, NC	N/A	$1,527	$2,043	$2,350
27560, Morrisville, NC	N/A	$1,521	$1,900	$2,225

Frequently Asked Questions - Morrisville Average Rents

What is the average rent price in Morrisville, NC?

The average monthly rental price for Morrisville, NC apartments for rent is approximately $2,195. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Morrisville, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Morrisville, NC.

How much is a studio apartment in Morrisville, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Morrisville.

How much is a one bedroom apartment in Morrisville, NC?

The average monthly rental price for one bedroom apartments is $1,521 and an average price per square feet of $2.40. There are a total of 2 one bedroom apartment listings currently available for rent in Morrisville.

How much is a two bedroom apartment in Morrisville, NC?

The average monthly rental price for two bedroom apartments is $1,900 and an average price per square feet of $1.52. There are a total of 7 two bedroom apartment listings currently available for rent in Morrisville.

How have rent prices in Morrisville, NC changed this year?

Rent prices for rentals in Morrisville, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.68%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.03% year-over-year.

What is a reasonable rent price in Morrisville, NC?

A reasonable rent price in Morrisville, NC is around $1,756/month. You can search for these reasonably priced rental listings on RentHop.