Rents are 9% below what Morrisville's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
Bedroom figures are derived from HUD Fair Market Rents and scaled to match Morrisville's market median, because the published HUD values all ran above it. They are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Morrisville usually run 1.3% below trend in December and 1.3% above it in July, about $43 a month apart at today's median. Based on 11 years of data.
Rent in Morrisville is 2.9% below its high of $1,699 in April 2023, at $1,650 as of September 2026.
Rent in Morrisville changed +2.6% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.
From 2019 to 2024, rent in Morrisville rose 28.5% while median household income rose 23.3% ($101,738 to $125,396). Rent outpaced income.
Rent in Morrisville is 26.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($125,396) is $3,135 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,760); a 4-bedroom is $3,660.
From Zillow's monthly rent index (ZORI) for Morrisville. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Morrisville, NC is roughly split between renters and owners, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Morrisville, NC has changed in 5 years
The median rent in Morrisville, NC stood at $1,384 in 2021 and currently runs about $1,650, reflecting a 19.2% increase over the period. Household income in the area moved from $106,891 to $125,396 across the same window, up 17.3% versus 2021. The population has grown by 9.0% since 2021, moving from about 28,824 residents to roughly 31,422. Renters now make up 54.6% of households, compared with 48.3% five years ago. Reading these numbers side by side helps frame whether current listings in Morrisville, NC look reasonable against where the market sat half a decade ago.
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Can you afford rent in Morrisville on your salary?
At $1,650/mo, how Morrisville rent compares to typical pay (30% rule).
Morrisville rent by bedroom count
Median rent for each apartment size in Morrisville. Click any size for full breakdown.
Tips for renters in Morrisville
Last updated: October 17, 2026
The median rent in Morrisville is $1,650/mo as of October 2026. A studio apartment averages $1,301/mo while a 2-bedroom runs $1,512/mo. One-bedroom apartments average $1,356/mo and 3-bedroom units go for $1,880/mo.
At 16% of local median household income ($125,396/yr), Morrisville ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.
Frequently asked questions
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How does Morrisville rent compare to other cities in North Carolina?
At $1,650/mo, rent takes ~16% of Morrisville's median household income ($125,396/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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