Last updated
Average Rent in Morrisville 27703 & Rent Trends
Rent prices and market trends across 2 apartment communities in Morrisville 27703, Morrisville NC. Updated daily.
Market Average
$1,485/mo
▲ +2.7% from last month
Lowest Available
$1,395/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
10
available now
Morrisville 27703 vs Morrisville NC Average
Morrisville 27703 is cheaper the Morrisville NC average by $230/mo (13%). The citywide average is $1,715/mo across all neighborhoods.
Is Rent Going Up or Down in Morrisville 27703?
As of May 2026, the average rent in Morrisville 27703 is $1,485 per month across 2 apartment communities and 10 available units. Rents have increased $48 (2.7%) over the past month.
The most affordable option is Candour House Apartments starting at $1,395/mo. By unit type, a studio averages $1,485/mo.
Prices range from $1,395 to $1,558 per month. The most common price point is the $1,400 range, where 9 units are currently listed.
Morrisville 27703 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Morrisville 27703
Rent Prices by Apartment in Morrisville 27703
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Candour House Apartments | $1,395/mo | $1,452/mo | 4 | 4 |
| MAA Nixie | $1,468/mo | $1,506/mo | 6 | 4.8 |
Google Search Trends for Morrisville 27703 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Morrisville 27703
What is the average rent in Morrisville 27703?
Is rent going up or down in Morrisville 27703?
What is the cheapest apartment in Morrisville 27703?
How many apartments are available in Morrisville 27703?
What salary do I need to live comfortably in Morrisville 27703?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$59,000/year
30 percent rule -- using our average rent of $1,485/mo.
Comfortable income
$71,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,395/mo), you need to earn at least $56,000/year.
Median household income in Morrisville 27703 is $125,404 , about 76% above the comfortable-living threshold.
Cost of living in Morrisville 27703
Overall prices in Morrisville 27703 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 27703's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,485 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $4,873/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.
Explore Morrisville 27703 Apartments
Browse all 2 communities with daily-updated pricing and availability.