Cheap Apartments for Rent in 27587
222 rentals
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- Total price$1,186 - $1,717/mo1-2 Beds1-2 BathsThe Pointe at Heritage | 1747 Alexander Springs Ln,
Wake Forest, NC 27587 - Total price$1,191 - $1,660/mo1-2 Beds1-2 BathsNorth Forest Apartments | 835 Stadium Dr,
Wake Forest, NC 27587 - $1,225 - $1,645/moStudio-2 Beds1-2 BathsEncore at Heritage | 1891 Franklin St,
Wake Forest, NC 27587 - $1,237 - $1,865/mo1-3 Beds1-2 BathsCapital Creek at Heritage Apartments | 1910 Capital Creek Dr,
Wake Forest, NC 27587 - $1,275 - $2,040/mo1-3 Beds1-2 BathsHawthorne at the Forest | 2611 Moonbow Trl,
Wake Forest, NC 27587 - $1,293 - $1,784/mo1-3 Beds1-2 BathsAston Apartments | 1524 Woodfield Creek Dr,
Wake Forest, NC 27587 - $1,349 - $2,185/mo1-3 Beds1-2 BathsHawthorne at Traditions | 921 Mendocino St,
Wake Forest, NC 27587 - $1,395 - $1,495/mo2-3 Beds2 BathsFieldstream at Richland Hills | 1201-1211 Brason Ln,
Wake Forest, NC 27587 - $1,400 - $2,450/mo1-3 Beds1-3 BathsLegacy Heritage Apartments | 700 Legacy Heritage Ln,
Wake Forest, NC 27587 - $1,430 - $1,900/mo1-3 Beds1-2 BathsLegacy Wake Forest Apartments | 1421 Legacy Falls Dr,
Wake Forest, NC 27587 - Total price$1,466 - $2,326/mo1-3 Beds1-2 BathsThe Lindley at Grove 98 | 521 Granite Grove Loop,
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Average Rent Trends in 27587
Rent in 27587 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,130 |
| Nov 2025 | $2,147 |
| Dec 2025 | $2,000 |
| Jan 2026 | $1,995 |
| Feb 2026 | $2,100 |
| Mar 2026 | $2,150 |
| Apr 2026 | $2,051 |
| May 2026 | $2,050 |
| Jun 2026 | $2,050 |
| Jul 2026 | $2,095 |
| Aug 2026 | $2,095 |
| Sep 2026 | $2,165 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,353 | $1,608 | $1,987 | $2,400 | $2,195 |
| Townhomes | — | $1,400 | $1,925 | $2,400 | $1,925 |
| Apartments and Condos | $1,395 | $1,595 | $1,980 | $1,299 | $1,875 |
| Houses | $1,100 | $1,295 | $2,132 | $2,400 | $2,375 |
Frequently Asked Questions about Rentals in 27587
- What is the average rent of an apartment in 27587?The average rent of an apartment in 27587 is $1,732 per month. This is about 11% lower than the national average.
- What are the cheapest months to find an apartment to rent in 27587?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,955 per month.
- How many cheap apartments are available in 27587?There are 119 apartments to rent that are cheaper than the city’s average rent of $2,195.
- When is the average rent most expensive in 27587?In the last year, the average rent in 27587 was highest in Jun 2025 when it was $2,200 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 27587?The average rent of a 1 bedroom apartment in 27587 is $1,353 per month. That is about $121 more than the cost of a studio apartment.
- What are some cities near 27587?Some nearby cities include: Wake Forest, Youngsville, Rolesville, Franklinton, Creedmoor, Raleigh. These cities may have more rental options to explore.
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