Last updated
Average Rent in Wake Forest, NC & Rent Trends
Rent prices and market trends across 10 apartment communities in Wake Forest, NC. Updated daily.
Market Average
$1,647/mo
Lowest Available
$1,154/mo
cheapest unit on market
Communities
10
tracked daily
Units Listed
213
available now
Rent Watch: cuts and increases
Open Rent Watch →3 cuts and 4 increases among 7 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.
- Bexley at Heritage
↑ $25/mo
Increase of 1.8% · Unit 922201
Is Rent Going Up or Down in Wake Forest, NC?
As of October 2026, the average rent in Wake Forest, NC is $1,647 per month across 10 apartment communities and 213 available units.
The most affordable option is Bexley at Heritage starting at $1,154/mo. By unit type, a 1-bedroom averages $1,403/mo, a 2-bedroom averages $1,671/mo, a 3-bedroom averages $2,073/mo.
Prices range from $1,154 to $2,450 per month. The most common price point is the $1,400 range, where 62 units are currently listed.
Wake Forest, NC Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $1,662 | - | 18 |
| August 2026 | $1,651 | -$11 | 18 |
| September 2026 | $1,630 | -$21 | 18 |
| October 2026 | $1,602 | -$28 | 18 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Wake Forest, NC
Rent Prices by Apartment in Wake Forest, NC
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Bexley at Heritage | $1,154/mo | $1,352/mo | 12 | 4.1 |
| Aston Apartments | $1,183/mo | $1,448/mo | 20 | 4.3 |
| Caveness Farms Apartments | $1,220/mo | $1,490/mo | 44 | 4.6 |
| Capital Creek at Heritage Apartments | $1,220/mo | $1,493/mo | 13 | 4.5 |
| Hawthorne at the Forest | $1,287/mo | $1,646/mo | 23 | 4.7 |
| Palisades at Wake Forest | $1,295/mo | $1,576/mo | 16 | 4.5 |
| Pines at Wake Forest | $1,385/mo | $1,783/mo | 8 | 4.9 |
Frequently Asked Questions About Rent in Wake Forest, NC
What is the average rent in Wake Forest, NC?
Is rent going up or down in Wake Forest, NC?
What is the cheapest apartment in Wake Forest, NC?
How much is a 1-bedroom apartment in Wake Forest, NC?
How many apartments are available in Wake Forest, NC?
What salary do I need to live comfortably in Wake Forest, NC?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,647/mo.
Comfortable income
$79,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,154/mo), you need to earn at least $46,000/year.
Median household income in Wake Forest, NC is $120,777 , about 53% above the comfortable-living threshold.
Cost of living in Wake Forest, NC
Overall prices in Wake Forest, NC runs below the national average by about 2% (BEA Regional Price Parity index 98.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Wake Forest, NC's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,647 |
| Utilities | $447 |
| Groceries | $523 |
| Transportation | $1,066 |
| Healthcare | $520 |
| Other goods and services | $832 |
| Estimated total | $5,035/mo |
Population
51,199
Median household income
$120,777
Census median rent
$1,458/mo
Census rent burden
24.7%
Median age
38.8
Mean commute
31 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Wake Forest, NC Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Wake Forest, NC Apartments
Browse all 10 communities with daily-updated pricing and availability.