
Cheap Homes for Rent in Wake Forest, NC from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Wake Forest.


Room in House on Daingerfield Dr

Room in Townhome on Casona Way

Room in Townhome on Brushfoot Wy

630 N Taylor St

7909 Zebulon Rd

4021 Blackstone Dr, Unit 200
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.

4021 Blackstone Dr

345 W Oak Ave

511 N Taylor St

414 S White St

8008 Halifax Rd

322 E Perry Ave

824 Elizabeth Ave
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

How much does it cost to rent a home in Wake Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wake Forest 2 Bedroom Homes for Rent | $1,717 | $1,250 | $3,000 |
| Wake Forest 3 Bedroom Homes for Rent | $1,989 | $1,369 | $3,400 |
| Wake Forest 4 Bedroom Homes for Rent | $2,575 | $1,950 | $4,250 |
| Wake Forest 5 Bedroom Homes for Rent | $3,306 | $2,495 | $10,000+ |
| Wake Forest 6 Bedroom Homes for Rent | $3,400 | $3,400 | $3,400 |
Browse Top Homes for Rent in Wake Forest
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Wake Forest, NC Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Grande at Granite Falls-Senior 62+ years | Two Bedroom | 2BR,1BA | $875 |
| Overlooke at Simms Creek Apartments | One Bedroom One Bathroom 60% | 1BR,1BA | $925 |
| Maystone at Wakefield | Sunstone | 1BR,1BA | $1,085 |
| Brookefield Apartments | Pullen | 1BR,1BA | $1,099 |
| Everly on 401 | 1G | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wallbrook Village | Coleman | 3BR,2.5BA | $1.38 |
| Capital Creek at Heritage Apartments | 3BR 2BA (C1 - 1486 SF) | 3BR,2BA | $0.99 |
| The Collection Kinsley | Zephyr | 3BR,2.5BA | $1.28 |
| Summermill at Falls River | The Beaufort | 2BR,2BA | $1.41 |
| Pines at Wake Forest | B2A | 2BR,2BA | $1.41 |
| Falls Creek Apartments and Townhomes | Two Bedroom 2 Bath | 2BR,2BA | $1.30 |
| River Haven | River | 2BR,2BA | $1.40 |
| The Grande at Granite Falls-Senior 62+ years | Two Bedroom | 2BR,1BA | $0.96 |
| Maystone at Wakefield | Sunstone | 1BR,1BA | $1.35 |
| Overlooke at Simms Creek Apartments | One 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.
Read ArticleTop 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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Wake Forest, NC
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Wake Forest, NC
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

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.

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.

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.

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

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.

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.

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.

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.