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Novel Morrisville apartments in Morrisville, NC

Updated

Novel Morrisville

909 Athletic Ln, Morrisville, NC 27560, USA

4.8 (74 reviews) Official Website

Live pricing, refreshed

48
Units Listed
$1,499
Starting at
$2,218
Average
$3,759
Highest
$2.18
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Morrisville 27560 rent trends

Beds

Pricing by Bedroom

Studio
$1,546
from $1,499 · 2 units
~567 sqft avg
1 Bed
$1,842
from $1,605 · 23 units
~765 sqft avg
2 Bed
$2,562
from $2,180 · 20 units
~1,255 sqft avg
3 Bed
$3,250
from $3,056 · 3 units
~1,677 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (9)

Largest 8 movers of 9

Last 15 days

Estimated Building Revenue

How is this calculated?

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

$558K

$6.7M annual run rate

Est. Occupancy

86%

of about 336 units (reported building size)

Effective Rent on New Leases

$1,938

vs $2,218 current asking ($280 negotiation gap)

Recent Lease Activity

183 units tracked; 135 assumed leased, 48 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

48

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

48 units
Studio / 1 Bath S1B
$1,499/mo
567 ft² · $2.64/ft² · #5123
Down $83 since Aug 12 (was $1,582)
Studio / 1 Bath S1B
$1,592/mo
567 ft² · $2.81/ft² · #5423
Down $20 since Jul 31 (was $1,612)
1 Bed / 1 Bath S2
$1,605/mo
567 ft² · $2.83/ft² · #2319
1 Bed / 1 Bath S2
$1,625/mo
567 ft² · $2.87/ft² · #2119
1 Bed / 1 Bath S2
$1,625/mo
567 ft² · $2.87/ft² · #5119
1 Bed / 1 Bath A3
$1,625/mo
706 ft² · $2.30/ft² · #8204
Down $74 since Aug 12 (was $1,699)
1 Bed / 1 Bath A3
$1,645/mo
706 ft² · $2.33/ft² · #5111
Down $124 since Aug 12 (was $1,769)
1 Bed / 1 Bath A3
$1,699/mo
706 ft² · $2.41/ft² · #6407
Down $100 since Aug 12 (was $1,799)
1 Bed / 1 Bath A3
$1,749/mo
706 ft² · $2.48/ft² · #2317
1 Bed / 1 Bath A3
$1,749/mo
706 ft² · $2.48/ft² · #6203

Fees, Parking & True Monthly Cost

Monthly Fees

$124/mo

Added to base rent automatically

True Monthly Cost

$1,623

Starting price + fees

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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