Average Rent in Durham-Chapel Hill, NC
The Fair Market Rent for a 2-bedroom in Durham-Chapel Hill, NC is $1,711 per month, based on HUD data. With a median household income of $81,017, a household would spend 25.3% of income on housing at Fair Market Rent. Rent has increased 4.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,417 |
| 1 Bedroom | $1,507 |
| 2 Bedroom | $1,711 |
| 3 Bedroom | $2,117 |
| 4 Bedroom | $2,527 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $81,017 |
| Rent Burden (2BR FMR / Income) | 25.3% |
| Income Needed for 2BR (30% rule) | $68,440/yr |