Updated 5+ Days Ago
Location
209 Wallace Ln # 211, Fredericksburg, VA 22408, USA
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Property Overview
Wallace Lane earns a strong 8.3 Zumper Expert Rating, with standout marks for price, location, and amenities, plus a solid trustworthiness score. It offers competitive value and convenient access to nearby points of interest and schools, while its notable school proximity and overall feature set make it an appealing option for renters.
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.
Things you’ll love
High school nearby- Middle school nearby
Floor plans
| Wallace Lane - 211 B | Studio | 1 bath | $1,650 /mo |
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Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About Wallace Lane
Wallace Lane cost $1,650 per month. Located at 209 Wallace Ln # 211, Fredericksburg, VA 22408, USA, Wallace Lane has studio bedroom units available. Based on the average rent price of studio in Fredericksburg, renting an apartment at Wallace Lane is 2% more expensive per month.
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 GoodWith a solid 8.3 out of 10 overall, Wallace Lane is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Wallace Lane has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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 Lane 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, Wallace Lane 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.
Wallace Lane 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 Lane 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.
Wallace Lane 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 Wallace Lane compares to other nearby properties.
Positives
- High school nearby
- There is a high school 3 miles away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Fredericksburg
studio apartments at Wallace Lane cost about 2% more than the average rent price for studio apartments in Fredericksburg.
Median rents as of Sep 12 2026.
Fredericksburg
| Month | Median Rent |
|---|---|
| October 2024 | $2,999 |
| November 2024 | $2,999 |
| December 2024 | $2,400 |
| January 2025 | $2,999 |
| February 2025 | $2,469 |
| March 2025 | $2,564 |
| April 2025 | $1,695 |
| May 2025 | $1,785 |
| June 2025 | $1,922 |
| July 2025 | $1,850 |
| August 2025 | $1,850 |
| September 2025 | $1,850 |
| January 2026 | $1,995 |
| February 2026 | $2,312 |
| March 2026 | $2,291 |
| April 2026 | $1,865 |
| May 2026 | $1,530 |
| June 2026 | $2,087 |
| July 2026 | $1,708 |
| September 2026 | $1,612 |
Affordability calculator
Can I afford to live at 209 Wallace Ln # 211?
Bedrooms
StudioRent-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
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this studio monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.
Schools near Wallace Lane
Spotswood Elementary School
400 lorraine ave
fredericksburg, VA, 22408
PK, K-5Public
B-
Rising Star Early Childhood Education Center at Melchers
610 gayle st
fredericksburg, VA, 22405
PKPublic
North Star Early Childhood Education Center
101 shepherds way
stafford, VA, 22556
PKPublic
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Internet available near Wallace Lane
Getting around Fredericksburg near 209 Wallace Ln # 211
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.
Points of interest for 209 Wallace Ln # 211, Fredericksburg
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 30-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Nightlife
1/10
Few or no bars within walking distance
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