Average Rent in 27587, Wake Forest, NC

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Current Versus Historical 27587, Wake Forest, NC Rents

27587 rentals average $2,300 for a studio rental to $2,695 for a 4-bedroom rental. The median price of all currently available listings is $1,995, or roughly $14 per square feet.

For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have decreased by $230 (-9.07%) year-over-year from $2,530 to $2,300. 1-bedroom rentals prices have increased by $73 (5.53%) year-over-year from $1,322 to $1,395. 2-bedroom rentals prices have increased by $16 (1.00%) year-over-year from $1,582 to $1,598. 3-bedroom rentals prices have decreased by $80 (-3.93%) year-over-year from $2,030 to $1,950. 4-bedroom rentals prices have increased by $162 (6.31%) year-over-year from $2,561 to $2,723. 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 down by 0.00% this month. 1-bedroom rents have gone down by 0.18% this month. 2-bedroom rents have gone up by 4.58% this month. 3-bedroom rents have gone down by 1.67% this month. 4-bedroom rents have gone up by 5.08% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,300	$2,530 (-9.07%)	$2,300 (0%)
1 BR	$19.89	$1,395	$1,322 (5.53%)	$1,329 (4.96%)
2 BR	$21.43	$1,598	$1,582 (1.00%)	$1,480 (7.94%)
3 BR	$13.85	$1,950	$2,030 (-3.93%)	$1,999 (-2.46%)
4+ BR	$12.66	$2,723	$2,561 (6.31%)	$2,533 (7.50%)

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 2 cities nearby 27587. The average rent in 27587 is currently $1,923 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Raleigh, NC, with an average rent of $1,850, is the most affordable city nearby. In contrast, the most expensive city near 27587, Wake Forest, NC is Wake Forest, NC. Monthly rents here are on average $1,995 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 9.80% more expensive than other cities nearby. One bedrooms are about 5.22% more expensive. Two bedrooms in 27587, Wake Forest, NC are about 3.13% more affordable. Finally, rent for three bedrooms are about 1.58% more affordable. Want more information? Check out the top 2 cities near 27587, Wake Forest, NC in the following table.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,849	$1,250	$1,595	$1,850
Wake Forest, NC	$2,300	$1,395	$1,700	$1,995

Top Neighborhoods Near 27587

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 27587

There are a total of 1 counties located by 27587, Wake Forest, NC. One county in the area is Wake, NC. The average rent for rentals in these counties is $2,050. That's roughly around $14 per sqft. The county that is the most affordable is Wake, NC. Its average rent per month is $2,050. Vice versa, with an average rent of $2,050, Wake, NC is the most expensive county by 27587, Wake Forest, NC.

Typically, rent for studios in 27587, Wake Forest, NC is 13.04% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 27587, Wake Forest, NC is 5.38% more expensive than other counties nearby. Finally, rent for two bedrooms in 27587, Wake Forest, NC is 0.16% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Wake, NC	$2,000	$1,320	$1,600	$2,050

Top Zipcodes Near 27587

There are a total of 2 zipcodes in or near 27587, Wake Forest, NC. The average rent for all of these zipcodes is $1,760. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 27604, Raleigh, NC at $1,625 per month. In comparison, the zipcode with the most expensive average rent of $1,895 per month is 27616, Raleigh, NC.

Studios in these zipcodes have an average rent of $1,547. That's at least $14 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 27587, Wake Forest, NC is $1,385 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,535 per month. Which comes out to $16 per sqft. The following table includes the top 2 zipcodes in 27587, Wake Forest, NC. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
27616, Raleigh, NC	$1,899	$1,424	$1,575	$1,895
27604, Raleigh, NC	$1,195	$1,347	$1,495	$1,625

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 $1,995. 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 $2,300. 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 $1,395 and an average price per square feet of $19.89. There are a total of 3 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 $1,598 and an average price per square feet of $21.43. There are a total of 10 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 -0.09%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.04% 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 $1,596/month. You can search for these reasonably priced rental listings on RentHop.