Average Rent in Wake, NC

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Current Versus Historical Wake, NC Rents

Wake rentals average $2,050 for a studio rental to $2,400 for a 4-bedroom rental. The median price of all currently available listings is $2,019, or roughly $1 per square feet.

For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $553 (43.46%) year-over-year from $1,272 to $1,825. 1-bedroom rentals prices have decreased by $50 (-3.44%) year-over-year from $1,437 to $1,388. 2-bedroom rentals prices have decreased by $222 (-12.08%) year-over-year from $1,834 to $1,613. 3-bedroom rentals prices have increased by $19 (0.93%) year-over-year from $1,979 to $1,998. 4-bedroom rentals prices have decreased by $33 (-1.36%) year-over-year from $2,433 to $2,400. 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 0.62% this month. 1-bedroom rents have gone down by 6.34% this month. 2-bedroom rents have gone down by 10.24% this month. 3-bedroom rents have gone up by 0.84% this month. 4-bedroom rents have gone up by 1.52% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.14	$1,825	$1,272 (43.46%)	$1,377 (32.58%)
1 BR	$1.66	$1,388	$1,437 (-3.44%)	$1,754 (-20.90%)
2 BR	$1.42	$1,613	$1,834 (-12.08%)	$1,802 (-10.50%)
3 BR	$1.19	$1,998	$1,979 (0.93%)	$1,828 (9.25%)
4+ BR	$1.03	$2,400	$2,433 (-1.36%)	$2,315 (3.69%)

Historical Rents in Wake, NC

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Wake

There are a total of 5 cities nearby Wake. The average rent in Wake is currently $1,995 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Fayetteville, NC, with an average rent of $1,395, is the most affordable city nearby. In contrast, the most expensive city near Wake, NC is Morrisville, NC. Monthly rents here are on average $2,300 per month.

Let's compare Wake, NC's rent against other top cities nearby by bedroom size. One bedrooms are about 4.09% more affordable. Two bedrooms in Wake, NC are on par with the other cities nearby. Finally, rent for three bedrooms are about 0.25% more expensive. Want more information? Check out the top 5 cities near Wake, NC in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$825	$1,045	$1,395
Raleigh, NC	$2,173	$1,230	$1,695	$1,895
Durham, NC	N/A	$1,400	$1,600	$1,995
Cary, NC	N/A	$1,585	$1,725	$2,190
Morrisville, NC	N/A	$1,502	$2,200	$2,300

Top Neighborhoods Near Wake

There are a total of 3 neighborhoods in or near Wake. Some of these neighborhoods include Terry Sanford, Westover, and Seventy-First. We've included all of these top 3 neighborhoods in or near Wake, NC in the following chart.

The average rent for these 3 neighborhoods in or near Wake, NC is currently around $1,335 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Wake, Terry Sanford has the most affordable average rent at $1,200 per month. Whereas, at $1,495 average rent per month, Seventy-First is the most expensive neighborhood in or near Wake. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Terry Sanford, Fayetteville, NC	N/A	$725	$995	$1,200
Westover, Fayetteville, NC	N/A	$750	$1,100	$1,335
Seventy-First, Fayetteville, NC	N/A	$838	$1,023	$1,495

Top Counties Near Wake

There are a total of 3 counties located by Wake, NC. Some of these counties include Cumberland, NC, Johnston, NC, and Harnett, NC. The average rent for rentals in these counties is $1,895. That's roughly around $1 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Cumberland, NC. It's average rent per month is $1,400. Vice versa, with an average rent of $2,150, Orange, NC is the most expensive county by Wake, NC.

In comparison, rent for one bedroom listings in Wake, NC is 20.30% more expensive than other counties nearby. Finally, rent for two bedrooms in Wake, NC is 7.08% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cumberland, NC	N/A	$825	$1,033	$1,400
Johnston, NC	$2,000	$1,072	$1,385	$1,850
Harnett, NC	N/A	$1,375	$1,575	$1,895
Durham, NC	N/A	$1,526	$1,650	$2,085
Orange, NC	$1,175	N/A	$1,750	$2,150

Top Zipcodes Near Wake

There are a total of 3 zipcodes in or near Wake, NC. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 3 zipcodes in Wake, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27519, Cary, NC	N/A	$1,526	$2,248	$2,295
27560, Morrisville, NC	N/A	$1,502	$2,150	$2,200
27606, Wake County, NC	N/A	$600	$1,350	$1,595

Frequently Asked Questions - Wake Average Rents

What is the average rent price in Wake, NC?

The average monthly rental price for Wake, NC apartments for rent is approximately $2,019. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Wake, 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, NC.

How much is a studio apartment in Wake, NC?

The average monthly rental price for studio apartments is $2,050 and an average price per square feet of $1.14. There are a total of 11 studio apartment listings currently available for rent in Wake.

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

The average monthly rental price for one bedroom apartments is $1,345 and an average price per square feet of $1.66. There are a total of 53 one bedroom apartment listings currently available for rent in Wake.

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

The average monthly rental price for two bedroom apartments is $1,695 and an average price per square feet of $1.42. There are a total of 169 two bedroom apartment listings currently available for rent in Wake.

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

Rent prices for rentals in Wake, NC can fluctuate yearly. Specifically, studio rental prices have changed by 0.43%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Wake, NC?

A reasonable rent price in Wake, NC is around $1,615/month. You can search for these reasonably priced rental listings on RentHop.