Zumper
modified
19 Hours Ago

Highlights

  • Central air conditioning
  • Hardwood flooring
  • Fully equipped kitchen
  • Bright, open living space
  • Plenty of storage and counter space

Location

16 Wallace St, Red Bank, NJ 07701, USA|Red Bank
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Contact

Management

Monmouth Red Holdings LLC

Leasing office

(732) 996-6737

Property Overview

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

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, Wallace Red is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Wallace Red 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

  • Middle school nearby
  • High school nearby
  • Pet friendly

Great for

  • Pet owners

Floor plans

2BR/1.0BA2 bed1 bath800 sqft$2,750 /mo1 unit availableDon’t miss this 2-bedroom apartment located just steps from downtown Red Bank. Offering a great combination of space, natural light, and convenience, this apartment features a large living area, generously sized bedrooms, ample closet space, and an easy, functional layout. Enjoy being within walking distance to Broad Street’s restaurants, shops, coffee spots, entertainment, and train access while still having the comfort of a residential setting. Features: ✔ Spacious living room ✔ Large bedrooms with closet space ✔ Bright windows and natural light ✔ On-site parking ✔ Laundry available ✔ Pet friendly – additional fees apply Lease Details: • Tenant responsible for utilities • Application and move-in fees may apply • Available now Apartments with this much space and this location do not come up often — schedule your showing today!

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Amenities for Wallace Red

Building

Onsite LaundryShared Laundry

Grounds

Assigned Parking
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?

Building details

Property details

Units15
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About Wallace Red

HomeApartments in Red BankRed Bank Wallace Red

Don’t miss this 2-bedroom apartment located just steps from downtown Red Bank. Offering a great combination of space, natural light, and convenience, this apartment features a large living area, generously sized bedrooms, ample closet space, and an easy, functional layout. Enjoy being within walking distance to Broad Street’s restaurants, shops, coffee spots, entertainment, and train access while still having the comfort of a residential setting. Features: ✔ Spacious living room ✔ Large bedrooms with closet space ✔ Bright windows and natural light ✔ On-site parking ✔ Laundry available ✔ Pet friendly – additional fees apply Lease Details: • Tenant responsible for utilities • Application and move-in fees may apply • Available now Apartments with this much space and this location do not come up often — schedule your showing today!


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Wallace Red is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Wallace Red 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 Wallace Red
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.
Wallace Red 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·9A 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.
Wallace Red goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, Wallace Red receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Wallace Red 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 Wallace Red does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Wallace Red is great for:

Pet owners

  • Pet deposit required
  • 2 pet grooming services nearby
  • 5 pet supply stores near the 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 Wallace Red compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.2 mile away
High school nearby
There is a high school 1 mile away
Pet friendly
This property allows pets

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.4 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Red Bank

2-bedroom apartments at Wallace Red cost about 17% less than the average rent price for 2-bedroom apartments in Red Bank.

Median rents as of May 9 2026.
Red Bank
Red Bank
A table of studio rental data trends in Red Bank
MonthMedian Rent
July 2024$1,750
August 2024$1,862
September 2024$1,862
October 2024$1,850
November 2024$1,850
December 2024$1,850
January 2025$1,875
February 2025$1,950
March 2025$1,875
April 2025$1,800
May 2025$1,770
June 2025$1,750
July 2025$1,830
August 2025$1,935
September 2025$1,940
October 2025$1,850
January 2026$1,850
February 2026$1,850
March 2026$1,850
May 2026$1,800
A table of studio rental data trends in Red Bank
MonthMedian Rent
October 2024$1,850
June 2025$1,750
July 2025$1,820
August 2025$1,935
September 2025$1,887

Affordability calculator

Can I afford to live at 16 Wallace St?

Bedrooms

2 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

$110,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $110,000 annually to afford this 2-bedrooms monthly rent price of $2,750.
For more information on rent affordability, visit our rent calculator.

Schools near Wallace Red

Acelero Learning - Red Bank Center

144 drs james parker blvd

red bank, NJ, 7701

PKPublic

Red Bank Primary School

222 river st

red bank, NJ, 7701

PK, K-3Public
C+

Shrewsbury Borough Elementary School

20 obre pl

shrewsbury, NJ, 7702

PK, K-8Public
A-

Monmouth Beach School District

7 hastings pl

monmouth beach, NJ, 7750

PK, K-8Public
A

Atlantic Highlands Elementary School

140 first ave

atlantic highlands, NJ, 7716

PK, K-6Public
A-
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Internet available near Wallace Red

Getting around Red Bank near 16 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

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 16 Wallace St, Red Bank

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

8/10
Variety of shops within a few minutes' walk

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

5/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 16 Wallace St

Readie's Cafe
39 Broad 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

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