Average Rent in Wake Forest, NC

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Current Versus Historical Wake Forest, NC Rents

Wake Forest rentals average $2,300 for a studio rental to $2,723 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 $769 (-25.06%) year-over-year from $3,069 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 $175 (11.48%) year-over-year from $1,525 to $1,700. 3-bedroom rentals prices have decreased by $94 (-4.54%) year-over-year from $2,074 to $1,980. 4-bedroom rentals prices have increased by $145 (5.57%) year-over-year from $2,605 to $2,750. 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 2.33% this month. 2-bedroom rents have gone up by 8.86% this month. 3-bedroom rents have gone down by 1.45% this month. 4-bedroom rents have gone up by 8.73% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,300	$3,069 (-25.06%)	$2,300 (0%)
1 BR	$19.89	$1,395	$1,322 (5.53%)	$1,329 (4.96%)
2 BR	$21.43	$1,700	$1,525 (11.48%)	$1,498 (13.46%)
3 BR	$14.01	$1,980	$2,074 (-4.54%)	$1,904 (3.98%)
4+ BR	$12.83	$2,750	$2,605 (5.57%)	$2,440 (12.70%)

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 $1,850 per month. Only one city nearby has an average rent lower than that. Our records show that Raleigh, NC, with an average rent of $1,850, 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 $1,850 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 19.61% more expensive than other cities nearby. One bedrooms are about 10.43% more expensive. Two bedrooms in Wake Forest, NC are about 6.18% more expensive. Finally, rent for three bedrooms are about 0.33% more affordable. Want more information? Check out the top 1 cities near Wake Forest, NC in the following table.

City	Studio	1 Bed	2 Bed	All
Raleigh, NC	$1,849	$1,250	$1,595	$1,850

Top Neighborhoods Near Wake Forest

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Wake Forest

There are a total of 1 counties located by 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 Wake Forest, NC.

Typically, rent for studios in Wake Forest, NC is 13.04% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Wake Forest, NC is 5.38% more expensive than other counties nearby. Finally, rent for two bedrooms in Wake Forest, NC is 5.88% more expensive 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 Wake Forest

There are a total of 3 zipcodes in or near Wake Forest, NC. The average rent for all of these zipcodes is $1,895. A total of 3 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 $1,995 per month is 27587, Wake Forest, NC.

Studios in these zipcodes have an average rent of $1,899. 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 Wake Forest, NC is $1,395 per month. Or in other words, $22 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,575 per month. Which comes out to $17 per sqft. The following table includes the top 3 zipcodes in 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	$2,300	$1,395	$1,598	$1,995
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 - 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 $1,995. 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 $2,300. 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 $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 Wake Forest.

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

The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $21.43. There are a total of 9 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 -0.25%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.11%, three bedroom rental prices have changed by -0.05% year-over-year.

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

A reasonable rent price in Wake Forest, NC is around $1,596/month. You can search for these reasonably priced rental listings on RentHop.