Wilmington, NC Rental Market Trends

Highlights

The average rent for an apartment in Wilmington is $1,041, a 1% increase compared to the previous year, when the average rent was $1,036.

Studio apartments in Wilmington rent for $746 a month, while 1-bedroom apartments ask on average $887 a month; the average rent for a 2-bedroom apartment is $1,006.

Average Rent in Wilmington, NC

Last updated Sep 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,041 $746 $887 $1,006 $1,415
Y-o-Y Change 1% 8% 4% -1% -1%
Average Apartment Size 1,035 sq. ft. 568 sq. ft. 692 sq. ft. 1,067 sq. ft. 1,323 sq. ft.

The average size for a Wilmington apartment is 1,035 square feet, but this number varies greatly depending on apartment type. A studio averages 568 sq. ft., while a one-bedroom apartment offers a more generous square footage: 692. 2-bedroom apartments in Wilmington have an average size of 1,067 sq. ft.

Wilmington, NC Apartment Rent Ranges

  • < $5001%
  • $501-$70010%
  • $701-$1,00065%
  • $1,001-$1,50024%

Wilmington, NC Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Sep / 2018 $1,041 $746 $887 $1,006 $1,415
Jan / 2018 $1,041 $746 $887 $1,006 $1,415
Sept / 2017 $1,040 $701 $860 $1,025 $1,419
May / 2017 $1,036 $693 $853 $1,015 $1,428
Jan / 2017 $1,018 $701 $845 $993 $1,381
Sept / 2016 $1,002 $680 $826 $974 $1,362
May / 2016 $987 $636 $805 $966 $1,344
Jan / 2016 $959 $657 $796 $927 $1,307
Sept / 2015 $937 $668 $784 $917 $1,275
May / 2015 $926 $643 $773 $906 $1,267
/

Average Rent in Wilmington, NC By Neighborhood

Bradley Creek
$1,095
Seagate
$1,095
Audubon
$1,086
Autumn Hall
$1,086
Bradley Creek East Estates
$1,086
Carolina Place
$1,086
College Acres
$1,086
Devon Park
$1,086
Forest Hills
$1,086
Glen Meade
$1,086
Highland Hills
$1,086
Lincoln Forest
$1,086
Oakcrest
$1,086
Oleander
$1,086
Pineywoods
$1,086
St. James Village
$1,086
University of North Carolina Wilmington
$1,086
New Center
$1,072
Wrightsville Beach Town
$1,072
Carolina Heights
$1,067
Princess Place
$1,034
Fairlawn
$1,029
Inland Greens
$1,029
Kentwood Village
$1,029
Landfall
$1,029
Lucia Point
$1,029
Mayfaire Townview
$1,029
Parkside at Mayfaire
$1,029
Smiths Creek Industrial Park
$1,029
Tanbridge Park
$1,029
Williams
$1,029
/
/

The most affordable neighborhoods in Wilmington are Fairlawn, where the average rent goes for $1,029/month, Inland Greens, where renters pay $1,029/mo on average, and Kentwood Village, where the average rent goes for $1,029/mo. If you’re looking for other great deals, check out the listings from Landfall ($1,029), Lucia Point ($1,029), and Mayfaire Townview ($1,029), where the asking prices are below the average Wilmington rent of $1,041/mo.

The most expensive neighborhoods in Wilmington are University of North Carolina Wilmington ($1,086), Bradley Creek ($1,095) and Seagate ($1,095).

Wilmington | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Audubon is the same as in Autumn Hall

$1,086

Audubon rent is 4% higher than Wilmington average

All rentals $1,086
Studio $695
1 Bed $838
2 Beds $992
3 Beds $1,595
$1,086

Autumn Hall rent is 4% higher than Wilmington average

All rentals $1,086
Studio $695
1 Bed $838
2 Beds $992
3 Beds $1,595

How Does Wilmington Compare to Nearby Cities

Average Rent Y-o-Y Change
Wilmington $1,041 1%
Murraysville $1,070 -1%
Kings Grant $1,029 -1%
Northchase $1,029 -1%
Bayshore $1,070 -1%
Myrtle Grove $1,521 6%
Ogden $1,070 -1%
Blue Clay Farms $1,029 -1%
Hightsville $1,041 3%

For more information about the Wilmington rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Wilmington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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