Apartments for Rent in Wake County, NC

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What to Know About

Life in Wake County & Beyond

Wake County shares many of the great qualities that make North Carolina a desirable place to live.

North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.

There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.

With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.

Rental Market Trends

Wake County, NC

As of August 2025, Wake County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Wake County's average rent is 6.5% ($103) higher than the North Carolina average of $1,573 and 6.4% ($114) lower than the U.S. average of $1,790.

Average Rent
$1,676
Monthly ChangeMonth Over Month Change
No change
Yearly ChangeYear Over Year Change
Decreased4.5% ($79)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,450 Decreased0.4% ($6) Decreased4.3% ($65)
2 Beds $1,685 Decreased1.4% ($24) Decreased7.2% ($131)
3 Beds $2,025 Increased0.7% ($14) Decreased2.6% ($54)
Cities within Wake County Average Rent Avg. Rent vs. WakeAverage Rent vs. Wake County Avg. Days on MarketAverage Days on Market
Raleigh $1,635 Decreased2.4% ($41) 28 days
Cary $1,796 Increased7.2% ($120) 20 days
Apex $1,852 Increased10.5% ($176) 29 days
Morrisville $1,724 Increased2.9% ($48) 20 days
Wake Forest $1,806 Increased7.8% ($130) 22 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Wake County Rental Market FAQs

Explore rental prices, market trends, and availability in Wake County, NC.

The average rent in Wake County, NC is $1,676 per month.
Apartments in Wake County typically rent for between $1,015 and $2,633 per month, with an average of $1,676 per month.
In Wake County, the average rent for a 1-bedroom apartment is $1,450 per month, for a 2-bedroom apartment, $1,685 per month, and a 3-bedroom apartment is $2,025 per month.
The average rent in Wake County is 6.4% ($114) lower than the national average of $1,790 per month.
The average rent in Wake County has remained stable in the last month and decreased by 4.5% ($79) over the past year.
The rental market in Wake County, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Wake County, NC, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,200 rental property available in Wake County, NC.
Based on the current averages, a household would need an annual income of $67,400 to comfortably afford a 2-bedroom apartment in Wake County.
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