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Novel Morrisville apartments in Morrisville, NC

Updated

Novel Morrisville

4.8 (74 reviews) Official Website

Live pricing, refreshed

50
Units Listed
$1,456
Starting at
$2,058
Average
$2,932
Highest
$2.12
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Morrisville 27560 rent trends

Beds

Pricing by Bedroom

Studio
$1,488
from $1,488 · 1 units
~567 sqft avg
1 Bed
$1,753
from $1,456 · 26 units
~775 sqft avg
2 Bed
$2,385
from $2,170 · 21 units
~1,189 sqft avg
3 Bed
$2,884
from $2,835 · 2 units
~1,484 sqft avg

Rent Distribution

The final bar groups units at that price or more when the range is wide.

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Lines hold the last known price between updates. Diamond markers show changes in quote terms.

Timeframe

Property Price Trend

Estimated Building Revenue

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$565K

$6.8M annual run rate

Est. Occupancy

85%

of about 336 units (reported building size)

Effective Rent on New Leases

$1,974

vs $2,058 current asking ($84 negotiation gap)

Recent Lease Activity

57 units tracked; 7 assumed leased, 50 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

50

Very high availability

17 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Available Units

50 units

Select a unit to see its price history and link to the rental site.

1 Bed / 1 Bath Unit 5119
$1,456/mo
567 ft² · $2.57/ft²

Base rent · 12 months

Available: Now

1 Bed / 1 Bath Unit 7305
$1,481/mo
567 ft² · $2.61/ft²

Base rent · 12 months

Available: Now

Studio / 1 Bath Unit 2423
$1,488/mo
567 ft² · $2.62/ft²

Base rent · 12 months

Available: Dec 3, 2026

1 Bed / 1 Bath Unit 2322
$1,570/mo
706 ft² · $2.22/ft²

Base rent · 12 months

Available: Dec 11, 2026

1 Bed / 1 Bath Unit 8214
$1,585/mo
611 ft² · $2.59/ft²

Base rent · 12 months

Available: Dec 16, 2026

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Morrisville, NC notes

No resident notes for this property yet.

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Morrisville 27560 Rent Trends

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