Average Rent in Wake Forest, NC

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Current Versus Historical Wake Forest, NC Rents

Wake Forest rentals average $0 for a studio rental to $2,375 for a 4-bedroom rental. The median price of all currently available listings is $2,195, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,657 (97.87%) year-over-year from $1,693 to $3,350. 1-bedroom rentals prices have increased by $597 (62.70%) year-over-year from $953 to $1,550. 2-bedroom rentals prices have increased by $148 (10.25%) year-over-year from $1,447 to $1,595. 3-bedroom rentals prices have decreased by $45 (-2.21%) year-over-year from $2,040 to $1,995. 4-bedroom rentals prices have decreased by $164 (-6.47%) year-over-year from $2,539 to $2,375. 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 4.77% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 0.15% this month. 4-bedroom rents have gone up by 3.56% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
3 BR	$1.15	$1,995	$2,040 (-2.21%)	$1,691 (18.01%)
4+ BR	$1.04	$2,375	$2,539 (-6.47%)	$2,224 (6.78%)

Historical Rents in Wake Forest, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Wake Forest

There are a total of 1 cities nearby Wake Forest. The average rent in Wake Forest is currently $1,880 per month. Only one city nearby has an average rent lower than that. Our records show that Raleigh, NC, with an average rent of $1,880, is the most affordable city nearby. In contrast, the most expensive city near Wake Forest, NC is Raleigh, NC. Monthly rents here are on average $1,880 per month.

Let's compare Wake Forest, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Wake Forest, NC is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in Wake Forest, NC are about inf% more affordable. Finally, rent for three bedrooms are about 2.26% more expensive. Want more information? Check out the top 1 cities near Wake Forest, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,750	$1,250	$1,700	$1,880

Top Neighborhoods Near Wake Forest

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Wake Forest

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Wake Forest

There is one zipcode in or near Wake Forest, NC. The average rent for this zipcode is $1,993.

The following chart includes the zipcode in or near Wake Forest, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27587, Wake Forest, NC	N/A	N/A	N/A	$1,993

Frequently Asked Questions - Wake Forest Average Rents

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

The average monthly rental price for Wake Forest, NC apartments for rent is approximately $2,195. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Wake Forest, NC.

How much is a studio apartment in 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 Wake Forest.

How much is a one bedroom apartment in 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 Wake Forest.

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

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

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

Rent prices for rentals in Wake Forest, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.98%, 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 -0.02% year-over-year.

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

A reasonable rent price in Wake Forest, NC is around $1,756/month. You can search for these reasonably priced rental listings on RentHop.