Average Rent in Wake, NC

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Current Versus Historical Wake, NC Rents

Wake rentals average $2,200 for a studio rental to $2,569 for a 4-bedroom rental. The median price of all currently available listings is $2,075, or roughly $14 per square feet.
For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $395 (21.85%) year-over-year from $1,806 to $2,200. 1-bedroom rentals prices have decreased by $322 (-17.67%) year-over-year from $1,819 to $1,498. 2-bedroom rentals prices have decreased by $404 (-19.32%) year-over-year from $2,092 to $1,688. 3-bedroom rentals prices have increased by $52 (2.59%) year-over-year from $1,998 to $2,050. 4-bedroom rentals prices have decreased by $15 (-0.60%) year-over-year from $2,515 to $2,500. 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 10.72% this month. 1-bedroom rents have gone up by 1.81% this month. 2-bedroom rents have gone up by 8.00% this month. 3-bedroom rents have gone up by 1.74% this month. 4-bedroom rents have gone up by 0.07% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $13.89 $2,200 $1,806 (21.85%) $1,568 (40.34%)
1 BR $25.59 $1,498 $1,819 (-17.67%) $1,780 (-15.85%)
2 BR $17.55 $1,688 $2,092 (-19.32%) $2,017 (-16.35%)
3 BR $13.98 $2,050 $1,998 (2.59%) $1,980 (3.54%)
4+ BR $12.73 $2,500 $2,515 (-0.60%) $2,483 (0.67%)

Historical Rents in Wake, NC

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Wake

There are a total of 7 cities nearby Wake. The average rent in Wake is currently $1,883 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Greensboro, NC, with an average rent of $1,045, is the most affordable city nearby. In contrast, the most expensive city near Wake, NC is Cary, NC. Monthly rents here are on average $2,295 per month.

Let's compare Wake, NC's rent against other top cities nearby by bedroom size. Typically, rent for studios in Wake, NC is 62.50% more expensive than other cities nearby. One bedrooms are about 3.79% more expensive. Two bedrooms in Wake, NC are about 2.06% more affordable. Finally, rent for three bedrooms are about 2.37% more affordable. Want more information? Check out the top 7 cities near Wake, NC in the following table.
City Studio 1 Bed 2 Bed All
Greensboro, NC $825 $850 $1,045 $1,045
Fayetteville, NC N/A $855 $1,000 $1,490
Raleigh, NC $2,200 $1,398 $1,600 $1,850
Chapel Hill, NC $1,240 $1,707 $1,700 $1,883
Durham, NC $799 $1,395 $1,633 $1,990
Apex, NC N/A $1,321 $1,745 $2,100
Cary, NC $2,348 $1,624 $1,700 $2,295

Top Neighborhoods Near Wake

There are a total of 5 neighborhoods in or near Wake. Some of these neighborhoods include Terry Sanford, Westover, and Douglas Byrd. We've included all of these top 5 neighborhoods in or near Wake, NC in the following table.

The average rent for these 5 neighborhoods in or near Wake, NC is currently around $1,500 per month. A total of 5 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Wake's average rent, which is actually $2,075. Out of all the neighborhoods in or near Wake, Terry Sanford has the most affordable average rent at $1,200 per month. Whereas, at $1,925 average rent per month, Jack Britt is the most expensive neighborhood in or near Wake. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Terry Sanford, Fayetteville, NC N/A $885 $1,000 $1,200
Westover, Fayetteville, NC N/A $825 $1,025 $1,400
Douglas Byrd, Fayetteville, NC N/A $800 $1,000 $1,500
Seventy-First, Fayetteville, NC N/A $875 $995 $1,550
Jack Britt, Fayetteville, NC N/A N/A $1,400 $1,925

Top Counties Near Wake

There are a total of 8 counties located by Wake, NC. Some of these counties include Guilford, NC, Cumberland, NC, and Johnston, NC. The average rent for rentals in these counties is $1,923. That's roughly around $14 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Guilford, NC. Its average rent per month is $1,099. Vice versa, with an average rent of $2,228, Chatham, NC is the most expensive county by Wake, NC.

Typically, rent for studios in Wake, NC is 81.84% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Wake, NC is 21.03% more expensive than other counties nearby. Finally, rent for two bedrooms in Wake, NC is 12.50% more expensive than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Guilford, NC $825 $925 $1,045 $1,099
Cumberland, NC N/A $875 $1,025 $1,495
Johnston, NC N/A $1,195 $1,300 $1,800
Harnett, NC $1,500 $1,095 $1,500 $1,900
Orange, NC $1,240 $1,638 $1,710 $1,945
Durham, NC $799 $1,400 $1,685 $1,995
Hoke, NC N/A $800 $1,200 $2,000
Chatham, NC N/A $1,200 $1,500 $2,228

Top Zipcodes Near Wake

There are a total of 17 zipcodes in or near Wake, NC. The average rent for all of these zipcodes is $1,859. A total of 12 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 28303, Fayetteville, NC at $1,273 per month. In comparison, the zipcode with the most expensive average rent of $2,398 per month is 27519, Cary, NC.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Wake, NC is $1,254 per month. Or in other words, $20 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,520 per month. Which comes out to $16 per sqft. The following table includes the top 10 zipcodes in Wake, NC. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
27610, Raleigh, NC $2,200 $895 $1,295 $1,859
27603, Garner, NC $2,000 $1,738 $2,250 $1,995
27604, Raleigh, NC N/A $1,475 $1,520 $1,800
27606, Wake County, NC $1,625 $995 $1,300 $1,500
27519, Cary, NC $2,400 $1,624 $1,950 $2,398
27616, Raleigh, NC N/A $1,650 $1,648 $1,875
27560, Morrisville, NC $2,125 $1,454 $1,800 $2,250
27703, Durham County, NC N/A $1,254 $1,700 $2,125
27502, Wake County, NC N/A $1,442 $1,745 $2,250
27587, Wake Forest, NC N/A $1,448 $1,995 $2,195

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 $2,075. 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 $2,200 and an average price per square feet of $13.89. There are a total of 26 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 $1,450 and an average price per square feet of $25.59. There are a total of 74 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 $1,600 and an average price per square feet of $17.55. There are a total of 259 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 0.22%, one bedroom rental prices have changed by -0.18%, two bedroom rental prices have changed by -0.19%, three bedroom rental prices have changed by 0.03% year-over-year.
What is a reasonable rent price in Wake, NC?
A reasonable rent price in Wake, NC is around $1,660/month. You can search for these reasonably priced rental listings on RentHop.
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