Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly

Location

103 Water Ave, Wake Forest, NC 27587, USA
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Contact

Management

Triangle Property Management Services LLC

Leasing office

(844) 294-7576 ext. 5257

Property Overview

103 Water Ave is a highly rated property, receiving an impressive overall Zumper rating of 8.3 out of 10, showcasing its competitive pricing and excellent balance of amenities and location. With a strong amenities rating of 8 and a location rating of 9, it offers residents easy access to essential services within a reasonable distance. Additionally, the property features a detached garage and has demonstrated transparency in its management, contributing to a trustworthy impression overall.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 103 Water Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 103 Water Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby

Floor plans

103 Water Ave - 13 bed1 bath$1,500 /moDuplex

Let's explore this property.

Amenities for 103 Water Ave

Building

Cats OKDogs 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.

Contact Property

Base Rent

Monthly rent payment

$1,500

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Rent

Monthly. 1 cat max.

Contact Property

Dog

Pet Rent

Monthly. 1 dog max.

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About 103 Water Ave

HomeApartments in Wake Forest 103 Water Ave

Duplex


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 103 Water Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 103 Water Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 103 Water Ave
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
103 Water Ave offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 103 Water Ave is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
103 Water Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 103 Water Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
103 Water Ave provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 103 Water Ave compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Wake Forest

3-bedroom apartments at 103 Water Ave cost about 25% less than the average rent price for 3-bedroom apartments in Wake Forest.

Median rents as of Oct 25 2025.
Wake Forest
A table of 1-bedroom apartment rental data trends in Wake Forest
MonthMedian Rent
November 2023$1,525
December 2023$1,499
January 2024$1,486
February 2024$1,446
March 2024$1,400
April 2024$1,456
May 2024$1,411
June 2024$1,415
July 2024$1,390
August 2024$1,423
September 2024$1,435
October 2024$1,442
November 2024$1,433
December 2024$1,370
January 2025$1,293
February 2025$1,402
March 2025$1,261
April 2025$1,219
May 2025$1,242
June 2025$1,225
July 2025$1,224
August 2025$1,273
September 2025$1,260
October 2025$1,248

Affordability calculator

Can I afford to live at 103 Water Ave?

Bedrooms

3 bedrooms

Rent-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

$60,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 3-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.

Schools near 103 Water Ave

Heritage Elementary School

3500 rogers rd

wake forest, NC, 27587

PK, K-5Public
A

Mount Vernon Middle School

5418 chapel hill rd

raleigh, NC, 27607

K-8Public
C+
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Internet available near 103 Water Ave

Getting around Wake Forest near 103 Water Ave

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
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 103 Water Ave, Wake Forest

Groceries

2/10
No grocery stores within walking distance

Shopping

4/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

2/10
No elementary schools within a 30-minute walk

High schools

4/10
No high schools within a 30-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

1/10
Few or no bars within walking distance

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