Apartments in Murphy

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1
Smoke Rise Townhouse Apartment for rent in Murphy, NC
$1,400
99 Smoke Rise Cir Murphy, NC
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
2
32 Tennessee St Apartment for rent in Murphy, NC
32 Tennessee St Apartment for rent in Murphy, NC
$1,000
Murphy, NC
2 BR | Available Now
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Storage
Disability Access
Dishwasher
1
Highway 64 West Apartments Apartment for rent in Murphy, NC
$1,300
5718 W Us Hwy Murphy, NC
2 BR | Available Now
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$950
Murphy, NC
1 BR | Available Now
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How much does it cost to rent an apartment in Murphy?

Murphy Apartments
Bed Type Average Rent Range
2BR $1,300 $1,000 - $1,400

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Murphy:
July Rent Report

Welcome to the July 2025 Murphy Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 key findings and figures for the Murphy rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Murphy and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Murphy average rent prices in the chart below.

Monthly Rent Report

$2,050
$1,540
$1,030
$510
$0
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
1 BR       2 BR

Murphy Rent Prices Decrease From June to July

Murphy rent prices decreased over the last month. From June to July, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Murphy one-bedroom apartments currently stands at $950.0.

When we take a look at the two-bedroom comparison from June to July, Murphy experienced a 20.26% increase for the price of a two-bedroom apartment. The rent price for a Murphy two-bedroom apartments currently stands at $2,000.0.

July Prices: Murphy vs. Surrounding Areas

Rent Prices in Murphy and Surrounding Areas

Rent prices have decreased in Murphy over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Murphy suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Murphy suburbs

  • Rents did not decrease in any of the Murphy suburbs.

July 2025 Pricing Trends: Murphy vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,250
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Murphy Rent Prices More Affordable Than Major Cities

Rent growth in Murphy over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Murphy average rent prices appear to be relatively affordable for local residents.

The price for a Murphy one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Murphy and surrounding area rent prices, take a look at the complete data set below.

Data set for Murphy and suburbs

1 BR July 1 BR M/M % Change 2 BR July 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.