Zumper
modified
Updated 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 earns a strong 7.7/10 overall rating, with standout marks for location, amenities, and price. It offers competitive value, a detailed and trustworthy listing, and added convenience from a detached garage, while nearby grocery and public transit options are within reasonable distance.

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

7.7
Very Good
103 Water Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Less expensive
  • Elementary 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

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

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.
7.7
/10
Very Good
103 Water Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 103 Water Ave
Price·8A 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.
Scoring a 8/10, 103 Water Ave is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary 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 23% less than the average rent price for 3-bedroom apartments in Wake Forest.

Median rents as of Aug 1 2026.
Wake Forest
A table of 1-bedroom apartment rental data trends in Wake Forest
MonthMedian Rent
August 2024$1,437
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
November 2025$1,258
December 2025$1,222
January 2026$1,238
February 2026$1,301
March 2026$1,320
April 2026$1,362
May 2026$1,364
June 2026$1,371
July 2026$1,366
August 2026$1,358

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

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 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

Explore the area around 103 Water Ave

Harris Teeter
13686 Capital Blvd
Lowes Foods
932 Gateway Commons Cir
Lowes Foods
12524 Capital Blvd
Lidl
1120 S Main St
Food Lion
12295 Capital Blvd

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