Average Rent in 27587, Wake Forest, NC

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Current Versus Historical 27587, Wake Forest, NC Rents

27587 rentals average $0 for a studio rental to $2,723 for a 4-bedroom rental. The median price of all currently available listings is $1,950, or roughly $1 per square feet.

For the apartment units and housing in December 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $2,114 (152.53%) year-over-year from $1,386 to $3,500. 1-bedroom rentals prices have increased by $601 (63.33%) year-over-year from $949 to $1,550. 2-bedroom rentals prices have decreased by $142 (-9.86%) year-over-year from $1,437 to $1,295. 3-bedroom rentals prices have decreased by $113 (-5.69%) year-over-year from $1,988 to $1,875. 4-bedroom rentals prices have decreased by $48 (-1.93%) year-over-year from $2,498 to $2,450. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.45% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 7.39% this month. 3-bedroom rents have gone down by 2.43% this month. 4-bedroom rents have gone up by 7.42% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$1.13	$1,295	$1,437 (-9.86%)	$1,356 (-4.52%)
3 BR	$1.06	$1,875	$1,988 (-5.69%)	$1,772 (5.84%)
4+ BR	$1.03	$2,450	$2,498 (-1.93%)	$2,297 (6.68%)

Historical Rents in 27587, Wake Forest, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 27587

There are a total of 1 cities nearby 27587. The average rent in 27587 is currently $1,900 per month. Only one city nearby has an average rent lower than that. Our records show that Raleigh, NC, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 27587, Wake Forest, NC is Raleigh, NC. Monthly rents here are on average $1,900 per month.

Let's compare 27587, Wake Forest, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in 27587, Wake Forest, NC is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 27587, Wake Forest, NC are about 25.42% more affordable. Finally, rent for three bedrooms are about 1.80% more affordable. Want more information? Check out the top 1 cities near 27587, Wake Forest, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,795	$1,235	$1,690	$1,900

Top Neighborhoods Near 27587

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 27587

We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 27587

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - 27587 Average Rents

What is the average rent price in 27587, Wake Forest, NC?

The average monthly rental price for 27587, Wake Forest, NC apartments for rent is approximately $1,950. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 27587, Wake Forest, NC rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 27587, Wake Forest, NC.

How much is a studio apartment in 27587, Wake Forest, NC?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 27587.

How much is a one bedroom apartment in 27587, Wake Forest, NC?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in 27587.

How much is a two bedroom apartment in 27587, Wake Forest, NC?

The average monthly rental price for two bedroom apartments is $1,348 and an average price per square feet of $1.13. There are a total of 2 two bedroom apartment listings currently available for rent in 27587.

How have rent prices in 27587, Wake Forest, NC changed this year?

Rent prices for rentals in 27587, Wake Forest, NC can fluctuate yearly. Specifically, studio rental prices have changed by 1.53%, one bedroom rental prices have changed by 0.63%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in 27587, Wake Forest, NC?

A reasonable rent price in 27587, Wake Forest, NC is around $1,560/month. You can search for these reasonably priced rental listings on RentHop.