Rentometer, Inc. | Data as of 10/22/2025
Morrisville, North Carolina, enjoys a dynamic rental market that blends suburban comfort with easy access to the Research Triangle Park, Duke University Medical Center, and a thriving downtown Raleigh‑Durham corridor. The city’s well‑planned neighborhoods, such as The Lakes, Ridge at Mooresville, and the historic downtown area, offer a mix of modern apartment communities and single‑family homes, catering to young professionals, families, and retirees alike. Residents appreciate nearby green spaces like Lake Crabtree County Park and the vibrant dining and retail options along Hillsborough Street, making Morrisville both convenient and livable.
For renters seeking an apartment, studios and one‑bedroom units commonly fall in the $1500s range, with many properties reporting median rents just above $1,400. Larger two‑ and three‑bedroom apartments tend toward the $1900s and $2200s, reflecting the city’s appeal to growing families and those working in the surrounding tech corridor. Single‑family homes provide a more spacious alternative, with one‑ and two‑bedroom houses typically renting in the $1100‑$1500 bracket, while three‑ and four‑plus bedroom homes reach the $2200‑$2800 range, offering ample room for multigenerational living or home‑based work setups.
The rental landscape in Morrisville is further enhanced by its strong transportation links, including easy access to I‑40, US‑1, and the Durham–Raleigh International Airport. Proximity to top‑rated schools, community centers, and recreational trails makes the city an attractive choice for renters looking for a balanced lifestyle that combines suburban tranquility with urban amenities.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,537 | $1,455 | $1,370 - $1,870 | $1,383 - $1,665 |
| Apartment | 1 Bedroom | $1,486 | $1,460 | $429 - $2,210 | $1,325 - $1,675 |
| Apartment | 2 Bedroom | $1,958 | $1,853 | $1,186 - $3,935 | $1,599 - $2,250 |
| Apartment | 3 Bedroom | $2,209 | $2,145 | $1,625 - $3,485 | $1,985 - $2,332 |
| House | 1 Bedroom | $1,145 | $1,045 | $890 - $1,500 | $890 - $1,500 |
| House | 2 Bedroom | $1,530 | $1,500 | $1,495 - $1,595 | $1,495 - $1,595 |
| House | 3 Bedroom | $2,250 | $2,195 | $1,700 - $3,495 | $2,095 - $2,395 |
| House | 4+ Bedroom | $2,825 | $2,695 | $1,850 - $6,000 | $2,475 - $2,895 |
In the current period, the average rent in Morrisville was $1,538 for Studio, $1,469 for 1 Bedroom, $1,944 for 2 Bedroom, $2,237 for 3 Bedroom, and $2,682 for 4+ Bedroom.
Data provided by Rentometer, Inc.