Wilmington, NC Rental Market Trends
What is the average rent in Wilmington?
The average rent for an apartment in Wilmington is $1,492. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Wilmington, NC
| Average Rent | Average Apartment Size |
|---|---|
| $1,492 | 962 sq. ft. |
What is the average apartment size in Wilmington?
The average size for a Wilmington, NC apartment is 962 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Wilmington, NC Apartment Rent Ranges
Wilmington, NC Occupied Housing Units
28,214 or 52% of the households in Wilmington, NC are renter-occupied while 25,616 or 47% are owner-occupied.
Wilmington, NC Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wilmington, NC | $1,110 | $1,147 | $1,178 | $1,177 | $1,178 | $1,185 | $1,214 | $1,244 | $1,343 | $1,431 | $1,492 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Wilmington, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Caneel Cove | $2,140 |
| Holly Glen | $2,140 |
| Lansdowne Estates | $2,140 |
| Masonboro | $2,140 |
| Masonboro Marina | $2,140 |
| Masonboro Sound | $2,140 |
| Millbrook | $2,140 |
| Newhall | $2,140 |
| Pine Grove | $2,140 |
| Shinn Creek Estates | $2,140 |
| South of Woodberry | $2,140 |
| Tanglewood | $2,140 |
| Windchase | $2,140 |
| Fairlawn | $1,560 |
| Inland Greens | $1,560 |
| Kentwood Village | $1,560 |
| Landfall | $1,560 |
| Lucia Point | $1,560 |
| Mayfaire Townview | $1,560 |
| Parkside at Mayfaire | $1,560 |
| Smiths Creek Industrial Park | $1,560 |
| Tanbridge Park | $1,560 |
| Williams | $1,560 |
| Princess Place | $1,499 |
| New Center | $1,491 |
| Wrightsville Beach Town | $1,491 |
| Carolina Heights | $1,479 |
| Bradley Creek | $1,478 |
| Seagate | $1,478 |
| Audubon | $1,462 |
| Autumn Hall | $1,462 |
| Bradley Creek East Estates | $1,462 |
| Carolina Place | $1,462 |
| College Acres | $1,462 |
| Devon Park | $1,462 |
| Forest Hills | $1,462 |
| Glen Meade | $1,462 |
| Highland Hills | $1,462 |
| Lincoln Forest | $1,462 |
| Oakcrest | $1,462 |
| Oleander | $1,462 |
| Pineywoods | $1,462 |
| St. James Village | $1,462 |
| University of North Carolina Wilmington | $1,462 |
| Arrowhead | $1,438 |
| Belmont | $1,438 |
| Breezewood | $1,438 |
| Echo Farms | $1,438 |
| Hanover Heights | $1,438 |
| Landmark Industrial Park | $1,438 |
| Pine Valley | $1,438 |
| Portwatch Industrial Park | $1,438 |
| Preston Woods | $1,438 |
| Rivers Edge | $1,438 |
| Samsara Estates | $1,438 |
| Silver Creek | $1,438 |
| Willoughby Park | $1,438 |
| Clarendon Park | $1,432 |
| Downtown Wilmington | $1,432 |
| Dry Pond | $1,432 |
| Glen Villa | $1,432 |
| Greenfield Lake Estates | $1,432 |
| Lake Forest | $1,432 |
| Northside Wilmington | $1,432 |
| Sherwood Forest | $1,432 |
| Sunset Park | $1,432 |
What are the most affordable neighborhoods in Wilmington?
The most affordable neighborhoods in Wilmington are Clarendon Park, where the average rent goes for $1,432/month, Downtown Wilmington, where renters pay $1,432/mo on average, and Dry Pond, where the average rent goes for $1,432/mo. If you’re looking for other great deals, check out the listings from Glen Villa ($1,432), Greenfield Lake Estates ($1,432), and Lake Forest ($1,432), where the asking prices are below the average Wilmington rent of $1,492/mo.
What are the most expensive neighborhoods in Wilmington?
The most expensive neighborhoods in Wilmington are South of Woodberry ($2,140), Tanglewood ($2,140) and Windchase ($2,140).
What are the most popular neighborhoods in Wilmington?
The most popular neighborhood in Wilmington is Northside Wilmington, where there are 25 verified RentCafe listings with an average rent of $1,432. Next up is Breezewood, where apartments go for $1,438/month, followed by College Acres with $1,462 If you’re looking to rent in Wilmington’s most popular neighborhoods, make sure to also check out Devon Park, where renters pay $1,462 on average, and New Center, where the average monthly rent is $1,491.
Wilmington | Rent Comparison by Neighborhood
Rent in Arrowhead is 2% lower than in Audubon
Arrowhead rent is 4% lower than Wilmington average
| Average Rent | $1,438 |
|---|
Audubon rent is 2% lower than Wilmington average
| Average Rent | $1,462 |
|---|
How Wilmington Compares to Other Cities
| City | Average Rent |
|---|---|
| Charlotte | $1,559 |
| Raleigh | $1,522 |
| Winston - Salem | $1,119 |
| Greensboro | $1,147 |
| Durham | $1,468 |
| Concord | $1,457 |
| Wilmington | $1,492 |
| Gastonia | $1,210 |
| Mooresville | $1,465 |
| Cary | $1,558 |
| High Point | $1,108 |
| Myrtle Beach | $1,401 |
| Hampstead | $1,093 |
| Leland | $1,488 |
| Murrells Inlet | $1,498 |
| Porters Neck | $1,544 |
| Conway | $1,871 |
| Little River | $1,468 |
| Socastee | $1,145 |
Most Popular Apartments in Wilmington
The Preserve At Pine Valley
3314 Wickslow Road, Wilmington, NC 28412- 1 BED
- 2 BEDS
- 3 BEDS
- $1,195
- $1,295
- Ask for pricing
Forest Hills
505 Alpine Dr, Wilmington, NC 28403- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $1,335
- Ask for pricing
Meridian At Fairfield Park
4605 Fairview Drive, Wilmington, NC 28412- 1 BED
- 2 BEDS
- 3 BEDS
- $1,450+
- $1,805+
- $2,480+