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Studio Apartment for Rent in Lee, NH

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    $1,200 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Condo for Rent

    46D Emerson Rd Unit 46B, Durham, NH 03824

    DURHAM – Studio apartment walkable to UNH! This property is in a great location within walking distance to downtown Durham and UNH Campus. Tenant pays utilities. Snow removal and lawn care provided.Location: 46B Emerson Rd Durham NHIncluded: Water/Sewer, Lawn/PlowingFeatures:Carpet / TileRefrigeratorStove / OvenShared Yard / LawnOff-Street

    46D Emerson Rd Unit 46B, Durham, NH 03824

Why Live in Lee

Lee, New Hampshire, is a rural community located just outside Durham, offering a blend of suburban and countryside living. With a short 5-minute commute to the University of New Hampshire, Lee is conveniently positioned 10 miles from Dover and 18 miles from Portsmouth. The town is characterized by its expansive lots, with homes often sitting on an acre or more, featuring styles such as Colonials, Cape Cods, and new traditionals. The Oyster River Cooperative School District serves the area, with Mast Way School and Oyster River Middle School both receiving high ratings. Lee provides a variety of things to do, from exploring the Lee Town Forest's hiking trails to kayaking on the Lamprey River and Wheelwright Pond. Local farms host events like the Haunted Overload at DeMeritt Hill Farm and the Sunflower Festival at Coppal House Farm. Dining options include a mix of chain restaurants and local favorites like Sunny’s Restaurant and Coffee Craving. The town's proximity to major roads such as U.S. Route 4 and state Routes 125 and 155 facilitates easy travel to nearby beaches and mountains. While Lee offers a peaceful setting, potential flooding from the Lamprey River and its brooks is a consideration for residents.

Frequently Asked Questions

How much does it cost to rent a home in Lee, NH?
The median rent for a home in Lee, NH is $2,497 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Lee, NH?
To comfortably afford the median rent in Lee, NH, a household needs to earn roughly $99,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,497 per month in Lee, NH, renters typically need to show $7,491 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lee, NH?
In Lee, NH, the price-to-rent ratio is 20.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,497
Median Single Family Home Rent
$3,225
Median Condo Rent
$1,795
How to Rent a Home