Last updated
Average Rent in Morrisville, NC & Rent Trends
Rent prices and market trends across 7 apartment communities in Morrisville, NC. Updated daily.
Market Average
$1,490/mo
▼ 1.6% from last month
Lowest Available
$1,229/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
14
available now
Price Cuts This Week in Morrisville, NC
14 listed units across 5 buildings offering studio units in Morrisville, NC dropped their asking rent in the past 7 days, an average cut of $68/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Slater Apartments | Unit 5304, ST Workforce | $2,048 | $1,570 | $478 |
| Novel Morrisville | Unit 5111, A3 | $1,769 | $1,645 | $124 |
| Novel Morrisville | Unit 8204, A3 | $1,699 | $1,625 | $74 |
| Residences at Shiloh Crossing Apartment Homes | Unit 8, C1 | $2,211 | $2,165 | $46 |
| Residences at Shiloh Crossing Apartment Homes | Unit 5, B1 | $1,765 | $1,728 | $37 |
| Residences at Shiloh Crossing Apartment Homes | Unit 6, B2 | $1,845 | $1,808 | $37 |
| Residences at Shiloh Crossing Apartment Homes | Unit 7, B3 | $1,834 | $1,797 | $37 |
| Novel Morrisville | Unit 7308, B2 | $2,200 | $2,180 | $20 |
Is Rent Going Up or Down in Morrisville, NC?
As of August 2026, the average rent in Morrisville, NC is $1,490 per month across 7 apartment communities and 14 available units. Rents have decreased $30 (1.6%) over the past month.
The most affordable option is Marquis on Cary Parkway starting at $1,229/mo. By unit type, a studio averages $1,490/mo.
Prices range from $1,229 to $1,627 per month. The most common price point is the $1,400 range, where 9 units are currently listed.
Morrisville, NC Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,741 | - | 6 |
| June 2026 | $1,789 | +$48 | 7 |
| July 2026 | $1,820 | +$31 | 7 |
| August 2026 | $1,801 | -$19 | 7 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Morrisville, NC
Rent Prices by Apartment in Morrisville, NC
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Marquis on Cary Parkway | $1,229/mo | $1,229/mo | 1 | 4 |
| Residences at Shiloh Crossing Apartment Homes | $1,335/mo | $1,335/mo | 1 | 4.7 |
| Ashby Twin Lakes | $1,410/mo | $1,460/mo | 4 | 4.2 |
| Aviation Crossing Apartments | $1,468/mo | $1,468/mo | 1 | 4 |
| The Slater Apartments | $1,477/mo | $1,524/mo | 2 | 4.2 |
| Novel Morrisville | $1,499/mo | $1,546/mo | 2 | 4.8 |
| Embark | $1,602/mo | $1,617/mo | 3 | - |
Frequently Asked Questions About Rent in Morrisville, NC
What is the average rent in Morrisville, NC?
Is rent going up or down in Morrisville, NC?
What is the cheapest apartment in Morrisville, NC?
How many apartments are available in Morrisville, NC?
What salary do I need to live comfortably in Morrisville, NC?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$60,000/year
Based on the 30 percent rule, using our tracked average rent of $1,490/mo.
Comfortable income
$72,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,229/mo), you need to earn at least $49,000/year.
Median household income in Morrisville, NC is $125,404 , about 75% above the comfortable-living threshold.
Cost of living in Morrisville, NC
Overall prices in Morrisville, NC runs below the national average by about 2% (BEA Regional Price Parity index 98.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Morrisville, NC's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,490 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $4,878/mo |
Population
30,471
Median household income
$125,404
Census median rent
$1,785/mo
Rent as % of income
22.1%
Median age
34.5
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Morrisville, NC Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Morrisville, NC Apartments
Browse all 7 communities with daily-updated pricing and availability.