Forge at Raleigh Iron Works
2221 Iron Works Dr,
Raleigh, NC 27604
$1,427 - $3,036 | Studio - 2 Beds
Five Points
Raleigh, NC
Five Points - Raleigh, NC
Area Guide
A stroll through the 1900s in one unique neighborhood
Historic
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Eclectic
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Diverse
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Unique
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Family-Friendly
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Suburban
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Around 1900, it was determined that Raleigh needed some suburbs -- the streetcar was available by then, and residents could move a little farther from the city center. Several neighborhoods were created between 1910 and 1950: Hayes Barton, Georgetown, Roanoke Park, Vanguard Park, and Bloomsbury. These five neighborhoods were clustered around the five-point intersection of Glenwood Avenue, Whitaker Mill Road, and Fairview Road. Today, those five neighborhoods are known as the Five Points Historic Neighborhoods.
There are four historic districts within Five Points: the Vanguard Park District, the Bloomsbury District, the Roanoke Park District, and the Hayes Barton District. Each district has its own characteristics, making the Five Points neighborhood one of the most unique and diverse in Raleigh. Housing ranges from 1900s bungalows and cottages to more elaborate Colonia Revival and Queen Anne style homes.
Rent Trends
As of June 2025, the average apartment rent in Five Points is $1,252 for one bedroom, $1,231 for two bedrooms, and $1,533 for three bedrooms. Apartment rent in Five Points has increased by 7.5% in the past year.
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1 BR
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610 sq ft
Average Sq Ft
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$1,252/month
Average Rent
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2 BR
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892 sq ft
Average Sq Ft
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$1,231/month
Average Rent
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3 BR
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1,113 sq ft
Average Sq Ft
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$1,533/month
Average Rent
Transportation
57
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
41
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
54
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Neuse Riverkeeper Foundation
- Mordecai Historic Park
- North Carolina Museum of Natural Sciences
- Centennial Campus Center for Wildlife Education
- Marbles Kids Museum
Commuter Rail
Airports
- Raleigh-Durham International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.