Updated 1 Day Ago
Highlights
Pet Friendly
- Hardwood floors
- Ample closets
- Private patio
- Open floor plan
- Huge eat-in kitchen
- Amazing location
Location
531 Elm Ave, Wake Forest, NC 27587, USA
Tour 531 Elm Ave
Contact
Real Property Management Raleigh
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Property Overview
531 Elm Ave in Wake Forest offers a balanced mix of appealing qualities, with standout features, clear strengths, and a range of uses that may appeal to different buyers. Its overall profile suggests a well-rounded property with practical advantages and distinctive characteristics worth considering.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- More space
- Fireplace
Great for
Pet owners
Amenities for 531 Elm Ave
Features
| Fireplace | Hardwood Floor |
Community
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 531 Elm Ave
Three bedroom townhome near Historic Downtown Wake Forest. Hardwood floors in LR & DR. Gas log fireplace & media nook in living room. Guest bath w/ glass vessel sink. Open floor plan. Huge eat-in kitchen with doors leading to private patio. Each bedroom w/ its own private bath. Ample closets and walk in storage on 3rd floor. Amazing location off of S. Franklin with nice sidewalks and bike trail. Walking distance to Downtown Wake Forest. Pet ok with pet fee and monthly pet rent. Move-in cost: Rent is $1895. Deposit is $1895. Administration fee is $100. Monthly Resident Benefits Package is $35 Interested in submitting an application? Visit online at www rpmraleigh com *Photos and videos are provided at the agents discretion, for purposes of advertising only, and may not be an accurate depiction of the current appearance and/or condition of the rental property.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 531 Elm Ave compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- More space
- The 3-bedroom is 207 sqft larger than other listings nearby
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Address details
| Zip code | 27587 |
|---|---|
| Type | House for rent |
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Rent trends in Wake Forest
3-bedroom apartments at 531 Elm Ave cost about 3% less than the average rent price for 3-bedroom apartments in Wake Forest.
Median rents as of Aug 15 2026.
Wake Forest
| Month | Median Rent |
|---|---|
| August 2024 | $2,045 |
| September 2024 | $2,046 |
| October 2024 | $2,022 |
| November 2024 | $1,978 |
| December 2024 | $1,955 |
| January 2025 | $1,939 |
| February 2025 | $1,943 |
| March 2025 | $1,955 |
| April 2025 | $1,968 |
| May 2025 | $1,997 |
| June 2025 | $2,023 |
| July 2025 | $2,023 |
| August 2025 | $2,015 |
| September 2025 | $2,022 |
| October 2025 | $2,000 |
| November 2025 | $1,938 |
| December 2025 | $1,895 |
| January 2026 | $1,937 |
| February 2026 | $1,950 |
| March 2026 | $1,960 |
| April 2026 | $1,990 |
| May 2026 | $1,995 |
| June 2026 | $1,995 |
| July 2026 | $1,960 |
| August 2026 | $1,950 |
Affordability calculator
Can I afford to live at 531 Elm Ave?
Bedrooms
3 bedroomsRent-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
$75,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $75,800 annually to afford this 3-bedrooms monthly rent price of $1,895.
For more information on rent affordability, visit our rent calculator.
Schools near 531 Elm Ave
Wake Forest Elementary School
136 w sycamore ave
wake forest, NC, 27587
PK, K-5Public
B+
Beaverdam Elementary School
3591 tarheel club rd
raleigh, NC, 27604
PK, K-5Public
B-
Barton Pond Elementary
12004 strickland rd
raleigh, NC, 27613
PK, K-5Public
Rogers Lane Elementary
201 north rogers ln
raleigh, NC, 27610
PK, K-5Public
C+
Governor Morehead School for the Blind
303 ashe ave
raleigh, NC, 27606
K-12Public
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Internet available near 531 Elm Ave
Getting around Wake Forest near 531 Elm Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 531 Elm Ave, Wake Forest
Groceries
5/10
Variety of groceries within a short drive
Shopping
5/10
Variety of shops within a short drive
Cafes
4/10
Variety of cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
6/10
Variety of bars within a short drive
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