Wake Forest, NC Rental Market Trends
Highlights
The average rent for an apartment in Wake Forest is $1,086, a 2% decrease compared to the previous year, when the average rent was $1,113.
Average Rent in Wake Forest, NC
Last updated Apr 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,086 | -2% | 1,033 sq. ft. |
The average size for a Wake Forest, NC apartment is 1,033 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Wake Forest, NC Apartment Rent Ranges
- $701-$1,00039%
- $1,001-$1,50060%
- $1,501-$2,0001%
Wake Forest, NC Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Apr / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Wake Forest, NC | $982 | $1,090 | $1,056 | $1,055 | $1,102 | $1,113 | $1,054 | $1,054 | $1,086 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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How Does Wake Forest Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Raleigh | $1,160 | 4% |
| Cary | $1,166 | 3% |
| Morrisville | $1,166 | 2% |
| Knightdale | $1,120 | 8% |
| Wake Forest | $1,086 | -2% |
| Garner | $1,020 | n/a |
| Apex | $1,161 | 1% |
| Holly Springs | $1,159 | 2% |
For more information about the Wake Forest rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Wake Forest apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.