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Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • 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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Property Overview

Wallace Red earns a strong Zumper Expert Rating of 8.6 out of 10, supported by excellent price and amenity scores, plus a very solid location rating. Its bright open living space, central air conditioning, hardwood flooring, fully equipped kitchen, and generous storage and counter space add to its appeal, while nearby public transportation is about 2.28 miles away.

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

  • Middle school nearby
  • Laundry available on site

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath800 sqftHUGE 1-Bedroom Apartment in the Heart of Downtown Red Bank Don’t miss this oversized 1-bedroom apartment just steps from Broad Street in the heart of downtown Red Bank. This spacious unit features an extra-large living room, generous kitchen, incredible closet space, and oversized windows that extend nearly floor to ceiling, bringing in tons of natural light. Additional amenities include: • One onsite parking space included • Laundry room located on the property • Additional parking may be available upon request Enjoy being within walking distance to restaurants, shops, and everything downtown Red Bank has to offer — the combination of location and space is hard to find. Pet Policy: Pets welcome with a $25/month pet fee plus a one-time non-refundable $250 pet fee. Utilities: All utilities are separate and paid by the tenant. Fees: One-time application and C/O fee of $150.
2BR/1.0BA2 bed1 bath800 sqftDon’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

Appliances

In-Unit LaundryWasher and Dryer

Building

Cats OKDogs OK
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

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Building details

Property details

Units15

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!


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 miles away
Laundry available on site
Washers and dryers are available in-building

Considerations

Lacks images
Fewer than 5 photos available for this property

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Rent trends 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
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
June 2025$1,750
July 2025$1,820
August 2025$1,935
September 2025$1,887

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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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

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