Traditionally the measurement of electrical activity in neurons has been carried out using microelectrode arrays that require the conducting elements to be in contact with the neuronal network. This method, also referred to as “electrophysiology”, while being excellent in terms of temporal resolution is limited in spatial resolution and is invasive. An optical microscopy method for measuring electrical activity is thus highly desired. Common-path quantitative phase imaging (QPI) systems are good candidates for such investigations as they provide high sensitivity (on the order of nanometers) to the plasma membrane fluctuations that can be linked to electrical activity in a neuronal circuit. In this work we measured electrical activity in a culture of rat cortical neurons using MISS microscopy, a high-speed common-path QPI technique having an axial resolution of around 1 nm in optical path-length, which we introduced at PW BIOS 2016. Specifically, we measured the vesicular cycling (endocytosis and exocytosis) occurring at axon terminals of the neurons due to electrical activity caused by adding a high K+ solution to the cell culture. The axon terminals were localized using a micro-fluidic device that separated them from the rest of the culture. Stacks of images of these terminals were acquired at 826 fps both before and after K+ excitation and the temporal standard deviation maps for the two cases were compared to measure the membrane fluctuations. Concurrently, the existence of vesicular cycling was confirmed through fluorescent tagging and imaging of the vesicles at and around the axon terminals.