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Location
121 Wallace St, Red Bank, NJ 07701, USA|Red Bank
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Amenities for 121 Wallace St, Red Bank
Appliances
| In-Unit Laundry |
Building
| Basement | Steam |
Grounds
| Assigned Parking | Outdoor Space |
| Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
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About 121 Wallace St
Sweet deal!
This listing is 30% below the median price for 1 bedroom apartments in Red Bank.
Property Status: Active A rare opportunity to live in the heart of Red Bank. This thoughtfully renovated apartment on the 2nd floor blends original character with modern upgrades. This one bedroom unit come w/ well-proportioned rooms, modern baths & abundant natural light. Shared amenities include a charming backyard patio area, a dedicated parking spot, your own storage area and a shared washer & dryer in the basement with one other apartment. Tenant pays for electric and gas for stove only. Situated just blocks from a vibrant downtown Red Bank that includes premier dining, shopping, and a NJ Transit station. Office Phone: (732) 925-5745 Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Address details
| Neighborhood | Red Bank |
|---|---|
| Zip code | 07701 |
| Type | Apartment for rent |
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Rent trends in Red Bank
1-bedroom apartments at 121 Wallace St cost about 30% less than the average rent price for 1-bedroom apartments in Red Bank.
Median rents as of Jan 24 2026.
Red Bank
Red Bank
| Month | Median Rent |
|---|---|
| February 2024 | $2,500 |
| March 2024 | $2,559 |
| April 2024 | $2,680 |
| May 2024 | $2,682 |
| June 2024 | $2,588 |
| July 2024 | $2,442 |
| August 2024 | $2,270 |
| September 2024 | $2,481 |
| October 2024 | $2,662 |
| November 2024 | $2,630 |
| December 2024 | $2,431 |
| January 2025 | $2,362 |
| February 2025 | $2,368 |
| March 2025 | $2,405 |
| April 2025 | $2,550 |
| May 2025 | $2,510 |
| June 2025 | $2,437 |
| July 2025 | $2,470 |
| August 2025 | $2,990 |
| September 2025 | $3,030 |
| October 2025 | $2,921 |
| November 2025 | $2,895 |
| December 2025 | $2,933 |
| January 2026 | $2,997 |
| Month | Median Rent |
|---|---|
| February 2024 | $2,548 |
| March 2024 | $2,579 |
| April 2024 | $2,680 |
| May 2024 | $2,682 |
| June 2024 | $2,588 |
| July 2024 | $2,442 |
| August 2024 | $2,290 |
| September 2024 | $2,500 |
| October 2024 | $2,700 |
| November 2024 | $2,660 |
| December 2024 | $2,431 |
| January 2025 | $2,362 |
| February 2025 | $2,368 |
| March 2025 | $2,405 |
| April 2025 | $2,550 |
| May 2025 | $2,510 |
| June 2025 | $2,425 |
| July 2025 | $2,455 |
| August 2025 | $2,990 |
| September 2025 | $3,061 |
| October 2025 | $2,928 |
| November 2025 | $2,922 |
| December 2025 | $2,957 |
| January 2026 | $2,996 |
Affordability calculator
Can I afford to live at 121 Wallace St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
Schools near 121 Wallace St
Red Bank Primary School
222 river st
red bank, NJ, 7701
PK, K-3Public
C+
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Internet available near 121 Wallace St
Neighborhood
Red Bank | Red Bank, NJ
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Red Bank near 121 Wallace St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 121 Wallace St, Red Bank
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Explore the area around 121 Wallace St
The Cheese Cave
14 Monmouth St
H & H Specialty Food Associates
43 W Front St
Greenheart Market
145 Monmouth St
Linares Grocery LLC
162 Monmouth St
Nicholas Markets Inc
362 Broad St
Bee of Red Bank
67 Broad St
Garmany
121 Broad St
Garmnay
121 Broad St
Dor L'dor
25 Broad St
Mustillo's Town & Country
11 Broad St
Johnny's Pork Roll & Coffee
8A Monmouth St
Rook Coffee
10 White St
Dunkin'
1 Riverview Plz
Chubby's Waterside Cafe
26 W Front St
Dunkin'
30 Water St
Allaire Lounge & Liquors, Inc
103 E Front St
Globe Hotel Co
20 E Front St
Catezza Italian Kitchen + Bar
19 Broad St
The Robinson Ale House
26 Broad St
Centrada Cocina & Cocktails
10 W Front St
Healthy Habits
65 Broad St
Bakers on Broad
95 Broad St
Sugarush
37 E Front St
Carlo's Bakery
86 Broad St
Fable Creamery
14 Monmouth St
Marine Park
Town Parker Park
Bodman Park
Manson Park
Stevenson Park
Antico Arturo
30 Linden Pl
La Pastaria Restaurant
30 Linden Pl
Neapoli Italian Kitchen
10 Wallace St
Monticello at Red Bank Italian Restaurant
69 Broad St
Smoothie King
65 Broad St
EAST FRONT ST AT WASHINGTON ST#, HOSPITAL#
EAST FRONT ST AT THROCKMORTON AVE#
EAST FRONT ST AT N WASHINGTON ST#, HOSPITAL#
FRONT ST AT BROAD ST
EAST FRONT ST AT PROSPECT AVE#
RED BANK
North Jersey Coast Line, North Jersey Coast Line
LITTLE SILVER
North Jersey Coast Line, North Jersey Coast Line
MIDDLETOWN NJ
North Jersey Coast Line, North Jersey Coast Line
LONG BRANCH
North Jersey Coast Line, North Jersey Coast Line
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