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Rent Inflation in Durham, NC

The average asking rent in Durham, NC is $1,684/month as of 2026-03. That is +1.2% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) · zillow.com/research

Current Avg Rent

$1,684/mo

as of 2026-03

Year-over-Year Change

+1.2%

24-Month Rent Trend

Monthly ZORI index values for Durham, NC.

Month Avg Asking Rent Change from Prior Month
2026-03 $1,684 +0.60%
2026-02 $1,674 +0.00%
2026-01 $1,674 +0.36%
2025-12 $1,668 -0.30%
2025-11 $1,673 +0.24%
2025-10 $1,669 -0.30%
2025-09 $1,674 -0.53%
2025-08 $1,683 -0.36%
2025-07 $1,689 -0.12%
2025-06 $1,691 +0.65%
2025-05 $1,680 +0.36%
2025-04 $1,674 +0.60%
2025-03 $1,664 +0.91%
2025-02 $1,649 -0.12%
2025-01 $1,651 +0.55%
2024-12 $1,642 -0.48%
2024-11 $1,650 +0.18%
2024-10 $1,647 -0.96%
2024-09 $1,663 -0.66%
2024-08 $1,674 -0.12%
2024-07 $1,676 +0.12%
2024-06 $1,674 +0.78%
2024-05 $1,661 +0.12%
2024-04 $1,659

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data: Zillow Research ZORI · Updated monthly · Price Inflation Report