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Wallace, NC Homes for Rent

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  • /20

    $3,325 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,114 Sq Ft
    • House for Rent

    301 Red Fox Run Dr, Wallace, NC 28466

    Property Id: 1597196 Welcome to this stunning 4 bedroom, 3.5 bathroom single family home in Wallace, NC! Enjoy amenities such as a dishwasher, fireplace, fenced yard, and vaulted ceilings. Pets allowed. Don't miss out on this gem! Available 8/1/2025. Rent: $3200/month.

    301 Red Fox Run Dr, Wallace, NC 28466
  • /15

    $1,150

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 913 Sq Ft
    • Condo for Rent

    613 S East Railroad St Unit Lyn-Mor unit A, Wallace, NC 28466

    This is a two-story apartment located in the city limits of Wallace, NC. The downstairs has a kitchen which includes a range, dishwasher, refrigerator, and garbage disposal with a small dining area, a half bathroom, and a living room. The upstairs has 2 bedrooms and a full bathroom. Also, there is an outside, small, attached storage room. There is a laundry closet with hook-up

    613 S East Railroad St Unit Lyn-Mor unit A, Wallace, NC 28466
  • /33

    $3,900 Per Month

    • 6 Beds
    • 4.5 Baths
    • House for Rent

    140 River Woods Dr, Wallace, NC 28466

    Rent this amazing home located in the River Landing gated golf course community. Featuring 6 spacious bedrooms and 5 bathrooms, this is a dream home and a sanctuary for family living and hosting friends. The amenities are too many to count, and rental provides access to all the perks of being in such a great neighborhood. Call today for a showing!

    Phillip Richard Liberty Properties NC LLC

    140 River Woods Dr, Wallace, NC 28466

Why Live in Wallace

Wallace, NC, is a small town with deep agricultural roots, known for its large livestock herds and produce. Located less than an hour from Jacksonville and Wilmington, Wallace offers a rural lifestyle with modern conveniences. Downtown features midcentury ranch-style homes, renovated cottages, and Cape Cods, while the outskirts boast custom-built and contemporary properties. River Landing, a gated community, attracts new residents with its spec housing. Farrior Park, anchored by Boney Mill Pond, provides recreational activities like fishing, kayaking, and canoeing, along with a playground and walking trail. Essential errands are easily managed with stores like Piggly Wiggly, Walmart, and Tractor Supply, while West Main Street hosts locally owned shops and restaurants. The Mad Boar offers comfort food and live music on weekends. Wallace celebrates the Carolina Strawberry Festival every May, featuring live music, carnival rides, and a wine and beer garden. Duplin County Schools serve the area, with Wallace Elementary and Wallace-Rose Hill High School providing education. Light traffic and proximity to major routes make commuting easy, with Wilmington 39 miles away and the beach just a 45-minute drive. Wallace's low crime risk areas contribute to its appeal for those seeking a quiet yet accessible place to live.

Frequently Asked Questions

How much does it cost to rent a home in Wallace, NC?
The median rent for a home in Wallace, NC is $3,612 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Wallace, NC?
To comfortably afford the median rent in Wallace, NC, a household needs to earn roughly $144,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,612 per month in Wallace, NC, renters typically need to show $10,836 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Wallace, NC?
In Wallace, NC, the price-to-rent ratio is 8.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$3,612
Median Single Family Home Rent
$3,325
Median Townhouse Rent
$1,100
Median Condo Rent
$1,150
How to Rent a Home