$1,195 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
414 Raynor St Unit C1, Durham, NC 27703
414 Raynor St Unit C1, Durham, NC 27703
Frequently Asked Questions
How much does it cost to rent a condo in Durham, NC?
The median rent for a condo in Durham, NC is $1,545 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Durham, NC?
To comfortably afford the median rent in Durham, NC, a household needs to earn roughly $79,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,995 per month in Durham, NC, renters typically need to show $5,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Durham, NC?
In Durham, NC, the price-to-rent ratio is 17.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Durham, NC are best for renting a condo?
The best neighborhood for renting in Durham, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include East Durham, City Center, Erwin, Duke Forest and Campus Hills, each with its own character and price range.
