Cheap Homes for Rent in Wake Forest, NC from $500 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in Wake Forest.

property at 4021 Blackstone Dr

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 2 Bath Condo for Rent

Available Now

4021 Blackstone Dr, Unit 200

4021 Blackstone Dr
RaleighNC27616

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 414 S White St

$1,375 - $1,495

1 Bedroom Rentals

Available Now

414 S White St

Wake ForestNC27587

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Wake Forest, NC Local Guide

Cheapest Available Wake Forest Apartments for Rent

 

The cheapest available apartment rental in Wake Forest, NC is a 2 Beds unit found at The Grande at Granite Falls-Senior 62+ years in the Heritage Hills neighborhood priced from $875. Overlooke at Simms Creek Apartments in the East Raleigh neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Wake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Grande at Granite Falls-Senior 62+ yearsTwo Bedroom2BR,1BA$875
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$925
Maystone at WakefieldSunstone1BR,1BA$1,085
Brookefield ApartmentsPullen1BR,1BA$1,099
Everly on 4011G1BR,1BA$1,119

Best Value Apartments for Rent in Wake Forest, NC

As of July 09, 2026 the best value apartment in the Wake Forest area is the $1.38 price per square foot Coleman Model at Wallbrook Village in the in the Heritage Hills neighborhood starting from $2,655. The second greatest value Wake Forest apartment is the 3BR 2BA (C1 - 1486 SF) Model at Capital Creek at Heritage Apartments starting at $1,470 with a $0.99 price per square foot in the Reynolds Mill neighborhood. Here is today’s list of the best values for Wake Forest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wallbrook VillageColeman3BR,2.5BA$1.38
Capital Creek at Heritage Apartments3BR 2BA (C1 - 1486 SF)3BR,2BA$0.99
The Collection KinsleyZephyr3BR,2.5BA$1.28
Summermill at Falls RiverThe Beaufort2BR,2BA$1.41
Pines at Wake ForestB2A2BR,2BA$1.41
Falls Creek Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.30
River HavenRiver2BR,2BA$1.40
The Grande at Granite Falls-Senior 62+ yearsTwo Bedroom2BR,1BA$0.96
Maystone at WakefieldSunstone1BR,1BA$1.35
Overlooke at Simms Creek ApartmentsOne Bedroom One Bathroom 60%1BR,1BA$1.39

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Wake Forest

What type of rentals are currently available in Wake Forest?

There are currently 100 Apartments for Rent in Wake Forest, NC with pricing that ranges from $875 to $5,945. There are also 230 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake Forest ranging from $570 to $12,000.

What is the current price range for Rental Homes in Wake Forest?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wake Forest ranges from $570 to $12,000 with an average monthly rent of $2,310.

How much are larger Three and Four Bedroom Rentals in Wake Forest?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wake Forest range from $1,225 to $5,945, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,369 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,920.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

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Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.