What is the average apartment size in Wake Forest?

The average size for a Wake Forest, NC apartment is 1,069 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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.

What is the average rent in Wake Forest?

As of Jul / 2025, the average rent in Wake Forest is $1,622 per month, a 1.15% decrease from last year’s average of $1,641.

What is the average apartment size in Wake Forest?

The typical apartment in Wake Forest offers about 1,069 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Wake Forest, NC Rental Market Trends

Q: What's the typical rent budget in Wake Forest?

The typical rent budget in Wake Forest ranges from $1,501 to $2,000 per month, with 47% of rentals in this range.

Q: Do most people rent or own in Wake Forest?

In Wake Forest, 25% of households rent while 75% own their homes, based on the latest U.S. Census data.

Last updated: October 28, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Wake Forest is $1,622, a 1.15% decrease compared to the previous year, when the average rent was $1,641.

One-bedroom apartments provide 830 square feet for $1,412, balancing privacy and affordability.

Two-beedroom units at $1,689 offer 1,167 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,481 sq ft) for $2,068, suitable for larger households.

Average rent in Wake Forest, NC

Last updated: October 28, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,622	1,069 sq. ft.
Studio	n/a	n/a
1 Bed	$1,412	830 sq. ft.
2 Beds	$1,689	1,167 sq. ft.
3 Beds	$2,068	1,481 sq. ft.

Wake Forest, NC rent trends

Rental prices in Wake Forest, NC have decreased by 1.15% over the past year. The average rent moved from $1,641 to $1,622.

What's the typical rent budget in Wake Forest, NC?

The largest share of rentals in Wake Forest, NC (47%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Wake Forest, NC?

4,521 or 25% of the households in Wake Forest, NC are renter-occupied while 13,342 or 75% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Wake Forest apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.