Elan Capital Hills
7100 Homestead Heights Ln,
Raleigh, NC 27616
$1,397 - $2,602 Total Monthly Price
1-3 Beds
Rental Market Trends in Wake Forest, NC
What is the average rent in Wake Forest, NC?
$1,387/month
Average Rent
816 Sq Ft
Average Apartment Size
-0.6%
Decrease in the Last Year
Wake Forest, NC Rental Market Overview
The average rent in Wake Forest, NC is $1,387 per month. This is 16% lower than the national average rent of $1,644/month, making renting in Wake Forest more affordable than most cities in the US.
- Studio apartments in Wake Forest average per month.
- One-bedroom apartments in Wake Forest average $1,387 per month.
- Two-bedroom apartments in Wake Forest average $1,683 per month.
- Three-bedroom apartments in Wake Forest average $2,032 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Wake Forest, NC?
In the past year, rent has decreased by 0.6%, which averages out to $8 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Wake Forest, NC
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
35%
$1,001 - $1,500/month
65%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Wake Forest, NC?
Because the average rent in Wake Forest is $1,387, you’ll want to make about $4,623 per month or $55,476 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Wake Forest, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Wake Forest, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Property Management Companies in Wake Forest, NC
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Hawthorne Residential Partners
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Highmark Residential
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Bell Partners
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Cortland
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159
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58,038
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Goldberg Companies
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28
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9,445
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22
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Morgan Properties
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389
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107,779
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236
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1 Community in Wake Forest
Arlington Properties
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120
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29,251
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72
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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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.