Cheap Homes for Rent in Wake Forest, NC from $400 (11 Rentals)

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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

$1,395 - $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 1 Bed unit found at Foxwood Apartments in the East Raleigh neighborhood priced from $1,167. Brookefield Apartments in the Northridge Trace neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,174. Here is today’s list of the most affordable Wake Forest apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Foxwood ApartmentsA1BR,1BA$1,167
Brookefield ApartmentsPullen1BR,1BA$1,174
Maystone at WakefieldSunstone1BR,1BA$1,198
Legacy at Wakefield ApartmentsA11BR,1BA$1,220
Falls Creek Apartments and TownhomesOne Bedroom w/ Den1BR,1BA$1,225

Best Value Apartments for Rent in Wake Forest, NC

As of May 25, 2026 the best value apartment in the Wake Forest area is the $1.42 price per square foot Sawyer Model at Wallbrook Village in the in the Heritage Hills neighborhood starting from $2,395. The second greatest value Wake Forest apartment is the Zephyr Model at The Collection Kinsley starting at $1,840 with a $1.28 price per square foot in the Hunters Crossing 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 VillageSawyer3BR,2.5BA$1.42
The Collection KinsleyZephyr3BR,2.5BA$1.28
Pines at Wake ForestC2A3BR,2BA$1.40
Cobblestone VillageCitrine2BR,2BA$1.40
Summermill at Falls RiverThe Crystal Coast2BR,2BA$1.44
Falls Creek Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.47
River HavenNeuse Vista3BR,2BA$1.49
Aston ApartmentsIredell1BR,1BA$1.52
Maystone at WakefieldSunstone1BR,1BA$1.49
Foxwood ApartmentsA1BR,1BA$1.46

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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 97 Apartments for Rent in Wake Forest, NC with pricing that ranges from $925 to $5,367. There are also 187 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wake Forest ranging from $445 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 $445 to $12,000 with an average monthly rent of $2,067.

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 $1,559 to $5,367, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $2,865. Four Bedroom Single-Family rentals are also available starting from $2,070 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.

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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.