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Murphy, NC Homes for Rent

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  • /17

    $1,950 Per Month

    • 3 Beds
    • 3 Baths
    • 1,728 Sq Ft
    • House for Rent

    4570 Hanging Dog Rd, Murphy, NC 28906

    FOR RENT - Escape to the peaceful beauty of the North Carolina mountains in this inviting home located on scenic Hanging Dog Road. Offering the perfect combination of privacy, comfort, and convenience, this property is just a short drive from downtown Murphy while providing the quiet country setting you've been looking for. Enjoy spacious living areas, a functional floor plan, and a relaxing

    Andrea Laney EXIT Realty Mtn View Prop.

    4570 Hanging Dog Rd, Murphy, NC 28906
  • /23

    $1,520 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Condo for Rent

    1 Creekside Dr Unit 1A, Murphy, NC 28906

    Property Id: 2011341 Welcome to your new 3 bedroom, 1.5 bathroom unit in Murphy, NC! This multi-family property on Creekside Drive offers a spacious living area with hardwood floors, carpeted bedrooms, and a fully equipped kitchen. Enjoy the convenience of washer/dryer hookups, a balcony for relaxing, and designated parking. Pets are welcome, and utilities including water and sewage are

    1 Creekside Dr Unit 1A, Murphy, NC 28906

Why Live in Murphy

Murphy, North Carolina, is a small community nestled in the Blue Ridge Mountains, situated between Knoxville and Atlanta. With a population of approximately 1,600, Murphy offers a small-town vibe with a thriving downtown area featuring local brewpubs, festivals, and scenic hiking trails along the Hiwassee River. The town is known for its friendly atmosphere and lack of traffic, providing residents with lakes, rivers, mountain views, and hiking opportunities. Housing options include 1970s colonial homes, Craftsman, midcentury, and cabin-style homes, many of which are located on shady, wooded lots and gravel roads. Downtown Murphy boasts 20th-century architecture and locally owned storefronts along the Unicoi Turnpike, with breweries, restaurants, and boutiques. Shopping centers with box store retail are about 3 miles north on U.S. Highway 19. Outdoor activities are abundant, with fishing and rafting on the Hiwassee River, tennis courts at Konehete Park, and mountain biking at Piney Knob Trails. Cultural attractions include the Valley River Arts Guild, Cherokee Historical Museum, and local festivals such as the Murphy Spring Festival. The Cherokee County Schools in Murphy emphasize technology and STEM education, with Murphy Elementary, Middle, and High Schools receiving high ratings. For transportation, Cherokee County Transit provides daily door-to-door service, and the Chattanooga Metropolitan Airport is about 85 miles west. However, residents near Harshaw Road may experience noise from crypto-mining facilities, and properties along the Hiwassee and Valley Rivers may be at risk of flooding.

Frequently Asked Questions

How much does it cost to rent a home in Murphy, NC?
The median rent for a home in Murphy, NC is $1,800 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 Murphy, NC?
To comfortably afford the median rent in Murphy, NC, a household needs to earn roughly $72,000 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 $1,800 per month in Murphy, NC, renters typically need to show $5,400 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 Murphy, NC?
In Murphy, NC, the price-to-rent ratio is 15.0, 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
2
Median Rent
$1,800
Median Single Family Home Rent
$1,550
Median Condo Rent
$1,520
How to Rent a Home