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Novel Morrisville apartments in Morrisville, NC

Updated

Novel Morrisville

4.8 (74 reviews) Official Website

Live pricing, refreshed

44
Units Listed
$1,481
Starting at
$2,100
Average
$3,485
Highest
$2.09
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Morrisville 27560 rent trends

Beds

Pricing by Bedroom

1 Bed
$1,743
from $1,481 · 23 units
~763 sqft avg
2 Bed
$2,393
from $2,170 · 18 units
~1,202 sqft avg
3 Bed
$3,084
from $2,835 · 3 units
~1,677 sqft avg
Specials Available 44 units

10 Weeks Free

Specials also ran here in August and September.

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$543K

$6.5M annual run rate

Est. Occupancy

87%

of about 336 units (reported building size)

Effective Rent on New Leases

$1,858

vs $2,100 current asking ($242 negotiation gap)

Recent Lease Activity

212 units tracked; 168 assumed leased, 44 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

44

Very high availability

16 floor plans

Move-in Specials

44

44 units with active promos

Use competing promos as leverage

Negotiation Leverage

Strong leverage

High availability and active promos suggest this building is eager to fill units.

Available Units

44 units

Select a unit to see its price history and link to the rental site.

1 Bed / 1 Bath Unit 7305
$1,481/mo
567 ft² · $2.61/ft²

Base rent

Available: Nov 11, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 5119
$1,501/mo
567 ft² · $2.65/ft²

Base rent

Available: Now

10 Weeks Free
1 Bed / 1 Bath Unit 8214
$1,585/mo
611 ft² · $2.59/ft²

Base rent

Available: Dec 16, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 2322
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Dec 11, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 2311
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Nov 18, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 8301
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Nov 17, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 6202
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Nov 18, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 8202
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Nov 25, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 7209
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Dec 1, 2026

10 Weeks Free
1 Bed / 1 Bath Unit 7202
$1,625/mo
706 ft² · $2.30/ft²

Base rent

Available: Dec 10, 2026

10 Weeks Free

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Morrisville, NC notes

No resident notes for this property yet.

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