Cheap Apartments for Rent in 27516
154 rentals
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Average Rent Trends in 27516
Rent in 27516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,438 |
| Nov 2025 | $2,300 |
| Dec 2025 | $2,295 |
| Jan 2026 | $2,250 |
| Feb 2026 | $2,200 |
| Mar 2026 | $2,200 |
| Apr 2026 | $2,300 |
| May 2026 | $2,300 |
| Jun 2026 | $2,200 |
| Jul 2026 | $2,200 |
| Aug 2026 | $2,150 |
| Sep 2026 | $2,200 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,300 | $1,700 | $2,400 | $3,281 | $2,195 |
| Townhomes | $1,245 | $1,900 | $2,133 | $2,685 | $2,133 |
| Apartments and Condos | $1,200 | $1,500 | $2,400 | $2,800 | $1,800 |
| Houses | $1,295 | $2,200 | $2,400 | $3,567 | $2,489 |
Frequently Asked Questions about Rentals in 27516
- What is the average rent of an apartment in 27516?The average rent of an apartment in 27516 is $1,785 per month. This is about 8% lower than the national average.
- What are the cheapest months to find an apartment to rent in 27516?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,890 per month.
- How many cheap apartments are available in 27516?There are 85 apartments to rent that are cheaper than the city’s average rent of $2,195.
- When is the average rent most expensive in 27516?In the last year, the average rent in 27516 was highest in Oct 2025 when it was $2,438 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 27516?The average rent of a 1 bedroom apartment in 27516 is $1,300 per month. That is about $60 more than the cost of a studio apartment.
- What are some cities near 27516?Some nearby cities include: Chapel Hill, Carrboro, Saxapahaw, Pittsboro, Efland, Hillsborough. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 27516 - 284 Rentas | Trulia