Palisades of Wake Forest
457 Stone Monument Dr,
Wake Forest, NC 27587
$1,285 - $2,055 | 1-3 Beds
Wake Forest
Wake Forest, NC
Area Guide
A historic and charming community just outside of Raleigh.
Suburb
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Commuter
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Schools
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Safe
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Family-Friendly
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History
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Affordable
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Contrary to popular belief, Wake Forest is not the home of Wake Forest University (at least, not since 1956). It is, however, a charming southern town with a consistently growing population, positioned roughly forty minutes northeast of Raleigh. The vibrant downtown district is a beautiful environment of unique shops, art galleries, and cafes in wonderfully preserved historic buildings.
The sports complex known as the Factory features everything from playgrounds for young children to ice rinks to indoor soccer. Residents enjoy the benefits of excellent schools, a low crime rate, an attractive atmosphere, and convenient amenities (several large shopping centers can be found along Highway 1). With Raleigh and Durham close by, it’s also easy to reach the bigger cities for work or leisure.
Rent Trends
As of March 2025, the average apartment rent in Wake Forest, NC is $1,426 for one bedroom, $1,689 for two bedrooms, and $2,109 for three bedrooms. Apartment rent in Wake Forest has decreased by -0.8% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,426/month
821 Sq Ft
House
$2,332/month
2,153 Sq Ft
Condo
$2,266/month
1,966 Sq Ft
Townhome
$1,821/month
1,474 Sq Ft
Transportation
35
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
1
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
29
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Public
Grades PK-5
622 Students
7
Public
Grades PK-5
582 Students
7
Public
Grades PK-5
489 Students
6
Public
Grades PK-5
342 Students
5
Public
Grades 6-8
997 Students
9
Public
Grades 6-8
968 Students
3
Public
Grades 9-12
2,101 Students
7
Public
Grades 9-12
1,811 Students
7
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- North Wake Landfill District Park
- Durant Nature Park
- Annie Louise Wilkerson, MD Nature Preserve Park
- Blue Jay Point County Park
- Blue Jay Center for Environmental Education
Commuter Rail
Airports
- Raleigh-Durham International
Top Apartments in Wake Forest
Houses for Rent in Wake Forest
Property Management Companies in Wake Forest, NC
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.