Rent in Wake Forest, NC
Across Wake Forest's 2 ZIP codes, a 2-bedroom typically rents for about $1,667 a month, with figures from $1,515–$1,740. The highest typical rent is in 27588 ($1,740) and the lowest in 27587 ($1,593). Owner-occupied homes in Wake County pay about 0.71% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,500 | $1,470–$1,530 | 2 |
| 1 bed | $1,512 | $1,306–$1,600 | 2 |
| 2 beds | $1,667 | $1,515–$1,740 | 2 |
| 3 beds | $2,017 | $1,646–$2,170 | 2 |
| 4 beds | $2,818 | $2,669–$2,910 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Wake Forest ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Wake Forest, NC?
- About $1,667 a month: the median of the typical rents in 2 ZIP codes, which range from $1,515–$1,740. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Wake Forest, NC?
- About $1,512 a month: the median of the typical rents in 2 ZIP codes, which range from $1,306–$1,600. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Wake Forest, NC?
- About $2,017 a month: the median of the typical rents in 2 ZIP codes, which range from $1,646–$2,170. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Wake Forest, NC?
- About $1,500 a month: the median of the typical rents in 2 ZIP codes, which range from $1,470–$1,530. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Wake Forest, NC?
- About $2,818 a month: the median of the typical rents in 2 ZIP codes, which range from $2,669–$2,910. Figures are gross rent (rent plus tenant-paid utilities).
- Which Wake Forest ZIP code has the highest rent?
- For a 2-bedroom, 27588 has the highest typical rent at $1,740 a month, and 27587 the lowest at $1,593.
- What is the property tax rate in Wake Forest, NC?
- Owner-occupied homes in Wake County pay a typical 0.71% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Wake Forest rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).