Apartments in Wake Forest

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$950
Wake Forest, NC
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How much does it cost to rent an apartment in Wake Forest?

Wake Forest Apartments
Bed Type Average Rent Range
1BR $1,230 $950 - $1,490
2BR $1,520 $990 - $1,580
3BR $1,900 $1,700 - $2,310
4+BR $2,740 $2,500 - $2,980

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Wake Forest:
June Rent Report

Welcome to the June 2025 Wake Forest Apartment Report. In this assessment of the local rental market, data scientists and rental experts break down the June 2025 key findings and figures for the Wake Forest rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Wake Forest and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Wake Forest average rent prices in the chart below.

Monthly Rent Report

$1,850
$1,390
$930
$460
$0
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
1 BR       2 BR

Wake Forest Rent Prices Decrease From May to June

Wake Forest rent prices decreased over the last month. From May to June, the city experienced a -1.02% decrease for the price of a one-bedroom apartment. The rent price for a Wake Forest one-bedroom apartments currently stands at $1,655.0.

When we take a look at the two-bedroom comparison from May to June, Wake Forest experienced a 1.1% increase for the price of a two-bedroom apartment. The rent price for a Wake Forest two-bedroom apartments currently stands at $1,651.0.

June Prices: Wake Forest vs. Surrounding Areas

Rent Prices in Wake Forest and Surrounding Areas

Rent prices have decreased in Wake Forest over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Wake Forest suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Wake Forest suburbs

  • Rents did not decrease in any of the Wake Forest suburbs.

June 2025 Pricing Trends: Wake Forest vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
$4,101
$3,197
$2,350
$2,316
$1,870
$1,341
$1,263
$1,247
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Wake Forest Rent Prices More Affordable Than Major Cities

Rent growth in Wake Forest over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Wake Forest average rent prices appear to be relatively affordable for local residents.

The price for a Wake Forest one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Wake Forest and surrounding area rent prices, take a look at the complete data set below.

Data set for Wake Forest and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change

Methodology

Each month, using over 1 million listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.