Wake Acres Apts
300 James St, Apex, NC 27502
Family · 17 1BR, 24 2BR, 7 3BR
Managed by Partnership Property Management
- Units
- 48
- Rental assistance
- 36
- Vacant
- 1
- Accessible
- 0
- Opened
- 1983
North Carolina
USDA rental housing in Wake County, NC
14 properties in Wake County have USDA Section 515 or 514 financing: 605 apartments across 8 towns. 528 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
14properties
605apartments
528rental assistance units
27vacant units reported
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
Cobblestone Apts.
100 Stone Path Road, Fuquay Varina, NC 27526
Family · 13 1BR, 20 2BR
Managed by Dth Management Group
- Units
- 33
- Rental assistance
- 28
- Vacant
- 3
- Accessible
- 0
- Opened
- 1994
Bailey Place Apts
609 Hillside Ct, Fuquay-varina, NC 27526
Family · 16 1BR, 32 2BR
Managed by Waj Management
- Units
- 48
- Rental assistance
- 42
- Vacant
- 2
- Accessible
- 0
- Opened
- 1976
Hillcrest Apts
109 Hillcrest Circle, Fuquay-varina, NC 27526
Family · 14 1BR, 32 2BR, 6 3BR
Managed by Wynnefield Properties, INC
- Units
- 52
- Rental assistance
- 51
- Vacant
- 3
- Accessible
- 0
- Opened
- 1981
Oak Grove Apts
500 Smithwood St, Fuquay-varina, NC 27526
Family · 8 1BR, 32 2BR
- Units
- 40
- Rental assistance
- 40
- Vacant
- 0
- Accessible
- 0
- Opened
- 1988
Southgate Village Apt
345 Felmet Dr, Fuquay-varina, NC 27526
Family · 6 1BR, 18 2BR
Managed by Dth Management Group
- Units
- 24
- Rental assistance
- 24
- Vacant
- 1
- Accessible
- 0
- Opened
- 1989
Timber Springs Apartments
100 Timber Springs Ct, Holly Springs, NC 27540
Family · 16 1BR, 20 2BR
Managed by Dth Management Group
- Units
- 36
- Rental assistance
- 33
- Vacant
- 3
- Accessible
- 0
- Opened
- 1989
Westgate Village Apt
113 Sills Ave, Knightdale, NC 27545
Family · 12 1BR, 24 2BR
Managed by Dth Management Group
- Units
- 36
- Rental assistance
- 36
- Vacant
- 2
- Accessible
- 0
- Opened
- 1990
Forest Ridge I
320 S Franklin St, Wake Forest, NC 27587
Family · 32 1BR, 24 2BR
Managed by Brantley Properties, INC
- Units
- 56
- Rental assistance
- 56
- Vacant
- 1
- Accessible
- 0
- Opened
- 1982
Forest Ridge II
320 S Franklin St, Wake Forest, NC 27587
Family · 16 1BR, 16 2BR
Managed by Brantley Properties, INC
- Units
- 32
- Rental assistance
- 30
- Vacant
- 0
- Accessible
- 0
- Opened
- 1986
Alexander Place Apt
719 Marshburn RD, Wendell, NC 27591
Family · 16 1BR, 32 2BR
Managed by Waj Management
- Units
- 48
- Rental assistance
- 36
- Vacant
- 3
- Accessible
- 1
- Opened
- 1985
Hampton Downs Apts
100 Cedarfield Ct, Wendell, NC 27591
Family · 8 1BR, 24 2BR
Managed by Dth Management Group
- Units
- 32
- Rental assistance
- 32
- Vacant
- 1
- Accessible
- 0
- Opened
- 1989
Robinwood Apts
84 Hanor Ln, Wendell, NC 27591
Family · 52 1BR, 32 2BR
Managed by Fitch Irick Management, LLC
- Units
- 84
- Rental assistance
- 84
- Vacant
- 5
- Accessible
- 0
- Opened
- 1990
The Maples Apts
302-e Primrose Place, Zebulon, NC 27597
Family · 30 2BR, 6 3BR
Managed by Woodland Associates
- Units
- 36
- Rental assistance
- 0
- Vacant
- 2
- Accessible
- 0
- Opened
- 1983
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
Who can rent here
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
For owners and buyers
All 14 are limited-profit. 3 also have housing tax credits. USDA's file shows use restrictions on 3 properties here ending by 2031. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).