Apartments & Condos for Rent in 27587

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What to Know About

Life in Wake Forest & Beyond

Wake Forest shares many of the great qualities that make North Carolina a desirable place to live.

North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.

There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.

With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.

Rental Market Trends

Wake Forest, NC

As of April 2025, Wake Forest's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Wake Forest's average rent is 13.2% ($213) higher than the North Carolina average of $1,618 and 1.8% ($32) higher than the U.S. average of $1,799.

Average Rent
$1,831
Monthly ChangeMonth Over Month Change
Increased0.2% ($3)
Yearly ChangeYear Over Year Change
Decreased5.7% ($110)
Avg. Days on MarketAverage Days on Market
22
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,422 Increased0.2% ($3) Decreased0.4% ($5)
2 Beds $1,678 Increased1.1% ($18) Increased4.4% ($70)
3 Beds $1,961 Increased2.2% ($42) Decreased4.5% ($93)
Nearby Cities Average Rent Avg. Rent vs. Wake ForestAverage Rent vs. Wake Forest Avg. Days on MarketAverage Days on Market
Youngsville $1,778 Decreased2.9% ($53) 37 days
Rolesville $1,608 Decreased12.2% ($223) 26 days
Creedmoor $1,364 Decreased25.5% ($467) 33 days
Knightdale $1,717 Decreased6.2% ($114) 31 days
Raleigh $1,640 Decreased10.4% ($191) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Wake Forest Rental Market FAQs

Explore rental prices, market trends, and availability in Wake Forest, NC.

The average rent in Wake Forest, NC is $1,831 per month.
Apartments in Wake Forest typically rent for between $995 and $2,549 per month, with an average of $1,831 per month.
In Wake Forest, the average rent for a 1-bedroom apartment is $1,422 per month, for a 2-bedroom apartment, $1,678 per month, and a 3-bedroom apartment is $1,961 per month.
The average rent in Wake Forest is 1.8% ($32) higher than the national average of $1,799 per month.
The average rent in Wake Forest has increased by 0.2% ($3) in the last month and decreased by 5.7% ($110) over the past year.
The rental market in Wake Forest, NC, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Wake Forest, NC, the average rental stays on the market for approximately 22 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 73 rental properties available in Wake Forest, NC.
Based on the current averages, a household would need an annual income of $67,120 to comfortably afford a 2-bedroom apartment in Wake Forest.
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