What is the median rent in Wake Forest, NC?

Name: Median rent in Wake Forest, NC, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Wake Forest, NC is $1,596 (±$105) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 4,706 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Wake Forest, the median gross rent went from $1,117 in 2015–2019 to $1,596 in 2020–2024 (+42.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,596 (±$105)
Rented homes: 4,706 (±769)
$2,000 or more: 19.7%
Since 2015–2019: +42.9%

How much rent costs in Wake Forest

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Wake Forest	Wake County	North Carolina	United States
Less than $500	4.2% (±2.7 points)	2.0%	6.6%	6.3%
$500 to $999	7.5% (±3.1 points)	8.6%	27.5%	20.2%
$1,000 to $1,499	31.1% (±8.9 points)	30.5%	32.6%	28.1%
$1,500 to $1,999	37.5% (±9.4 points)	36.8%	21.4%	21.1%
$2,000 to $2,499	6.3% (±2.6 points)	14.4%	7.8%	12.0%
$2,500 to $2,999	8.2% (±3.8 points)	4.8%	2.2%	5.5%
$3,000 or more	5.2% (±2.8 points)	3.0%	1.8%	6.8%

The most common range is $1,500 to $1,999, paid by 37.5% of renting households.

19.7% of rented homes in Wake Forest cost $2,000 or more a month.

Wake Forest against Wake County, its state and the nation

Estimate (90% margin of error)
	Wake Forest	Wake County	North Carolina	United States
Median gross rent	$1,596 (±$105)	$1,623 (±$16)	$1,228 (±$5)	$1,413
Rented homes paying rent	4,706 (±769)	161,368 (±2,951)	1,337,899 (±8,405)	42,849,984

In Wake Forest, median gross rent is not measurably different from Wake County ($1,623).

It is also higher than in North Carolina ($1,228).

It is higher than the national figure ($1,413).

In Wake County, Wake Forest ranks 7 of 12 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 56 of 586.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Wake Forest has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,117 (±$43)	$1,596 (±$105)	+42.9%	Up after inflation
Households that rent	28.7% (±2.1 points)	26.0% (±3.7 points)	−2.7 percentage points	Not a measurable change
Rental vacancy rate	6.7% (±3.3 points)	6.1% (±3.9 points)	−0.6 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Wake Forest

Nearest places with a published estimate, compared with Wake Forest
Place	Distance	Median gross rent	Compared with this place
Wake Forest	—	$1,596 (±$105)	—
Rolesville	4.4 mi	$1,085 (±$808)	Not measurably different
Youngsville	5.2 mi	$1,239 (±$154)	Lower
Franklinton	10 mi	$963 (±$161)	Lower
Raleigh	12 mi	$1,572 (±$23)	Not measurably different
Knightdale	12 mi	$1,674 (±$81)	Not measurably different
Creedmoor	14 mi	$1,065 (±$181)	Lower
Zebulon	15 mi	$1,109 (±$170)	Lower
Bunn	15 mi	$1,067 (±$257)	Lower

Nearby places with a measurably lower figure: Youngsville, NC ($1,239), Franklinton, NC ($963), Creedmoor, NC ($1,065).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Wake County, place by place

Rank	Place	Median gross rent
1	Holly Springs	$2,021 (±$111)
2	Apex	$1,902 (±$59)
3	Morrisville	$1,858 (±$60)
4	Cary	$1,738 (±$30)
5	Fuquay-Varina	$1,720 (±$134)
6	Knightdale	$1,674 (±$81)
7	Wake Forest	$1,596 (±$105)
8	Raleigh	$1,572 (±$23)
9	Garner	$1,549 (±$94)
10	Wendell	$1,457 (±$159)
11	Zebulon	$1,109 (±$170)
12	Rolesville	$1,085 (±$808)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Wake Forest

What is the average rent in Wake Forest, NC?

The Census Bureau publishes the median rather than the average: the median gross rent in Wake Forest is $1,596 (±$105) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Wake Forest?

In Wake Forest, the median gross rent went from $1,117 in 2015–2019 to $1,596 in 2020–2024 (+42.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Wake Forest cost more than $2,000 a month?

19.7% of rented homes in Wake Forest have a gross rent of $2,000 or more a month, and 4.2% cost less than $500.

Is rent in Wake Forest higher than in Wake County?

In Wake Forest, median gross rent is not measurably different from Wake County ($1,623).

It is also higher than in North Carolina ($1,228).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Wake Forest town, North Carolina (place:70540, in state:37).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.