Wilmington, NC Rental Market Trends
What is the average rent in Wilmington?
The average rent for an apartment in Wilmington is $1,267, a 8% increase compared to the previous year.
Average Rent in Wilmington, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,267 | 8% | 959 sq. ft. |
What is the average apartment size in Wilmington?
The average size for a Wilmington, NC apartment is 959 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
- $701-$1,00020%
- $1,001-$1,50063%
- $1,501-$2,00012%
- > $2,0005%
Wilmington, NC Occupied Housing Units
- Renter-occupied Households50%
- Owner-occupied Households49%
26,562 or 50% of the households in Wilmington, NC are renter-occupied while 25,645 or 49% are owner-occupied.
Wilmington, NC Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wilmington, NC | $1,056 | $1,083 | $1,110 | $1,147 | $1,178 | $1,177 | $1,178 | $1,185 | $1,214 | $1,244 | $1,267 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Wilmington, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Caneel Cove | $1,800 |
| Holly Glen | $1,800 |
| Lansdowne Estates | $1,800 |
| Masonboro | $1,800 |
| Masonboro Marina | $1,800 |
| Masonboro Sound | $1,800 |
| Millbrook | $1,800 |
| Newhall | $1,800 |
| Pine Grove | $1,800 |
| Shinn Creek Estates | $1,800 |
| South of Woodberry | $1,800 |
| Tanglewood | $1,800 |
| Windchase | $1,800 |
| Fairlawn | $1,301 |
| Inland Greens | $1,301 |
| Kentwood Village | $1,301 |
| Landfall | $1,301 |
| Lucia Point | $1,301 |
| Mayfaire Townview | $1,301 |
| Parkside at Mayfaire | $1,301 |
| Smiths Creek Industrial Park | $1,301 |
| Tanbridge Park | $1,301 |
| Williams | $1,301 |
| Princess Place | $1,281 |
| New Center | $1,271 |
| Wrightsville Beach Town | $1,271 |
| Bradley Creek | $1,271 |
| Seagate | $1,271 |
| Carolina Heights | $1,268 |
| Audubon | $1,258 |
| Autumn Hall | $1,258 |
| Bradley Creek East Estates | $1,258 |
| Carolina Place | $1,258 |
| College Acres | $1,258 |
| Devon Park | $1,258 |
| Forest Hills | $1,258 |
| Glen Meade | $1,258 |
| Highland Hills | $1,258 |
| Lincoln Forest | $1,258 |
| Oakcrest | $1,258 |
| Oleander | $1,258 |
| Pineywoods | $1,258 |
| St. James Village | $1,258 |
| University of North Carolina Wilmington | $1,258 |
| Clarendon Park | $1,255 |
| Downtown Wilmington | $1,255 |
| Dry Pond | $1,255 |
| Glen Villa | $1,255 |
| Greenfield Lake Estates | $1,255 |
| Lake Forest | $1,255 |
| Northside Wilmington | $1,255 |
| Sherwood Forest | $1,255 |
| Sunset Park | $1,255 |
| Arrowhead | $1,142 |
| Belmont | $1,142 |
| Breezewood | $1,142 |
| Echo Farms | $1,142 |
| Hanover Heights | $1,142 |
| Landmark Industrial Park | $1,142 |
| Pine Valley | $1,142 |
| Portwatch Industrial Park | $1,142 |
| Preston Woods | $1,142 |
| Rivers Edge | $1,142 |
| Samsara Estates | $1,142 |
| Silver Creek | $1,142 |
| Willoughby Park | $1,142 |
What are the most affordable neighborhoods in Wilmington?
The most affordable neighborhoods in Wilmington are Arrowhead, where the average rent goes for $1,142/month, Belmont, where renters pay $1,142/mo on average, and Breezewood, where the average rent goes for $1,142/mo. If you’re looking for other great deals, check out the listings from Echo Farms ($1,142), Hanover Heights ($1,142), and Landmark Industrial Park ($1,142), where the asking prices are below the average Wilmington rent of $1,267/mo.
What are the most expensive neighborhoods in Wilmington?
The most expensive neighborhoods in Wilmington are South of Woodberry ($1,800), Tanglewood ($1,800) and Windchase ($1,800).
What are the most popular neighborhoods in Wilmington?
The most popular neighborhood in Wilmington is Northside Wilmington, where there are 26 verified RENTCafé listings with an average rent of $1,255. Next up is Devon Park, where apartments go for $1,258/month, followed by New Center with $1,271 If you’re looking to rent in Wilmington’s most popular neighborhoods, make sure to also check out Seagate, where renters pay $1,271 on average, and College Acres, where the average monthly rent is $1,258.
Wilmington | Rent Comparison by Neighborhood
Rent in Arrowhead is 9% lower than in Audubon
Arrowhead rent is 10% lower than Wilmington average
| Average Rent | $1,142 |
|---|
Audubon rent is 1% lower than Wilmington average
| Average Rent | $1,258 |
|---|
How Wilmington Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,321 | 5% |
| Raleigh | $1,287 | 3% |
| Greensboro | $1,000 | 7% |
| Winston - Salem | $961 | 7% |
| Durham | $1,231 | 3% |
| Wilmington | $1,267 | 8% |
| Leland | $1,202 | 1% |
| Myrtle Beach | $1,194 | 4% |
| Hampstead | $968 | 2% |
| Bayshore | $1,228 | 7% |
| Porters Neck | $1,228 | 7% |