Average Rent in Wake, NC

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Current Versus Historical Wake, NC Rents

Wake rentals average $2,000 for a studio rental to $2,538 for a 4-bedroom rental. The median price of all currently available listings is $2,050, or roughly $14 per square feet.
For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $428 (27.67%) year-over-year from $1,547 to $1,975. 1-bedroom rentals prices have decreased by $380 (-21.66%) year-over-year from $1,754 to $1,374. 2-bedroom rentals prices have decreased by $323 (-16.78%) year-over-year from $1,923 to $1,600. 3-bedroom rentals prices have increased by $52 (2.59%) year-over-year from $1,998 to $2,050. 4-bedroom rentals prices have increased by $18 (0.72%) year-over-year from $2,532 to $2,550. 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 3.11% this month. 1-bedroom rents have gone down by 3.89% this month. 2-bedroom rents have gone up by 2.24% this month. 3-bedroom rents have gone up by 1.82% this month. 4-bedroom rents have gone up by 0.07% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $14.25 $1,975 $1,547 (27.67%) $1,314 (50.34%)
1 BR $24.33 $1,374 $1,754 (-21.66%) $1,693 (-18.85%)
2 BR $17.34 $1,600 $1,923 (-16.78%) $1,804 (-11.31%)
3 BR $14.16 $2,050 $1,998 (2.59%) $1,965 (4.33%)
4+ BR $12.65 $2,550 $2,532 (0.72%) $2,498 (2.10%)

Historical Rents in Wake, NC

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Wake

There are a total of 9 cities nearby Wake. The average rent in Wake is currently $1,995 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Greensboro, NC, with an average rent of $1,213, is the most affordable city nearby. In contrast, the most expensive city near Wake, NC is Cary, NC. Monthly rents here are on average $2,299 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 2.50% more affordable than other cities nearby. One bedrooms are about 5.00% more affordable. Two bedrooms in Wake, NC are on par with the other cities nearby. Finally, rent for three bedrooms are about 2.44% more expensive. Want more information? Check out the top 9 cities near Wake, NC in the following table.
City Studio 1 Bed 2 Bed All
Greensboro, NC $808 $865 $1,085 $1,213
Fayetteville, NC N/A $800 $1,100 $1,500
Raleigh, NC $1,849 $1,250 $1,595 $1,850
Chapel Hill, NC N/A $1,690 $1,725 $1,948
Wake Forest, NC $2,300 $1,395 $1,700 $1,995
Durham, NC $2,050 $1,375 $1,600 $1,995
Morrisville, NC $2,100 $1,500 $1,750 $2,185
Apex, NC $4,000 $1,386 $1,584 $2,200
Cary, NC $2,400 $1,639 $1,800 $2,299

Top Neighborhoods Near Wake

There are a total of 6 neighborhoods in or near Wake. Some of these neighborhoods include Terry Sanford, Westover, and Douglas Byrd. We've included all of these top 6 neighborhoods in or near Wake, NC in the following table.

The average rent for these 6 neighborhoods in or near Wake, NC is currently around $1,538 per month. A total of 6 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Wake's average rent, which is actually $2,050. Out of all the neighborhoods in or near Wake, Terry Sanford has the most affordable average rent at $1,400 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 $860 $1,200 $1,400
Westover, Fayetteville, NC N/A $725 $1,025 $1,400
Douglas Byrd, Fayetteville, NC N/A $800 $1,200 $1,500
South View, Hope Mills, NC N/A $875 $1,095 $1,575
Seventy-First, Fayetteville, NC N/A $899 $998 $1,595
Jack Britt, Fayetteville, NC N/A N/A $1,475 $1,925

Top Counties Near Wake

There are a total of 7 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 $1,887. 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 $1,250. Vice versa, with an average rent of $2,025, Durham, NC is the most expensive county by Wake, NC.

Typically, rent for studios in Wake, NC is 59.63% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Wake, NC is 24.62% more expensive than other counties nearby. Finally, rent for two bedrooms in Wake, NC is 12.66% 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 $808 $825 $1,045 $1,250
Cumberland, NC N/A $825 $1,099 $1,500
Johnston, NC N/A $1,195 $1,375 $1,809
Harnett, NC $1,400 $995 $1,398 $1,887
Hoke, NC N/A N/A $1,425 $1,900
Orange, NC $1,600 $1,690 $1,773 $1,995
Durham, NC $2,050 $1,375 $1,663 $2,025

Top Zipcodes Near Wake

There are a total of 19 zipcodes in or near Wake, NC. The average rent for all of these zipcodes is $1,895. A total of 14 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 $1,373 per month. In comparison, the zipcode with the most expensive average rent of $2,299 per month is 27519, Cary, NC.

Studios in these zipcodes have an average rent of $1,195. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Wake, NC is $1,200 per month. Or in other words, $20 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,500 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 $1,850 $895 $1,345 $1,838
27604, Raleigh, NC $1,195 $1,347 $1,495 $1,625
27603, Garner, NC $2,000 $1,536 $2,249 $2,000
27519, Cary, NC $2,425 $1,626 $1,850 $2,299
27616, Raleigh, NC $1,899 $1,424 $1,575 $1,895
27606, Wake County, NC N/A $1,023 $1,500 $1,625
27560, Morrisville, NC $2,100 $1,448 $1,800 $2,195
27703, Durham County, NC N/A $1,395 $1,600 $2,196
27587, Wake Forest, NC $2,300 $1,395 $1,598 $1,995
27513, Cary, NC $3,138 $1,743 $1,795 $2,295

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 $2,050. 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 $2,000 and an average price per square feet of $14.25. There are a total of 41 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 $1,320 and an average price per square feet of $24.33. There are a total of 77 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 $17.34. There are a total of 282 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 0.28%, one bedroom rental prices have changed by -0.22%, two bedroom rental prices have changed by -0.17%, 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 $1,640/month. You can search for these reasonably priced rental listings on RentHop.
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