Wilmington, NC Rental Market Trends

Highlights

The average rent for an apartment in Wilmington is $1,093, a 5% increase compared to the previous year, when the average rent was $1,040.

Average Rent in Wilmington, NC

Last updated Mar 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,093	5%	1,035 sq. ft.

The average size for a Wilmington, NC apartment is 1,035 square feet, but this number varies greatly depending on apartment type. 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

$501-$7004%
$701-$1,00050%
$1,001-$1,50034%
$1,501-$2,0007%
> $2,0004%

Wilmington, NC Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Mar / 2019
Wilmington, NC	$959	$987	$1,002	$1,018	$1,036	$1,040	$1,041	$1,041	$1,093
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Wilmington, NC By Neighborhood

Average Rent
Neighborhood	Average Rent
Willoughby Park	$1,019
Silver Creek	$1,019
Samsara Estates	$1,019
Rivers Edge	$1,019
Preston Woods	$1,019
Portwatch Industrial Park	$1,019
Pine Valley	$1,019
Landmark Industrial Park	$1,019
Hanover Heights	$1,019
Echo Farms	$1,019
Breezewood	$1,019
Belmont	$1,019
Arrowhead	$1,019
Sunset Park	$1,058
Sherwood Forest	$1,058
Northside Wilmington	$1,058
Lake Forest	$1,058
Greenfield Lake Estates	$1,058
Glen Villa	$1,058
Dry Pond	$1,058
Downtown Wilmington	$1,058
Clarendon Park	$1,058
Princess Place	$1,085
Williams	$1,107
Tanbridge Park	$1,107
Smiths Creek Industrial Park	$1,107
Parkside at Mayfaire	$1,107
Mayfaire Townview	$1,107
Lucia Point	$1,107
Landfall	$1,107
Kentwood Village	$1,107
Inland Greens	$1,107
Fairlawn	$1,107
Carolina Heights	$1,120
Wrightsville Beach Town	$1,133
New Center	$1,133
University of North Carolina Wilmington	$1,141
St. James Village	$1,141
Pineywoods	$1,141
Oleander	$1,141
Oakcrest	$1,141
Lincoln Forest	$1,141
Highland Hills	$1,141
Glen Meade	$1,141
Forest Hills	$1,141
Devon Park	$1,141
College Acres	$1,141
Carolina Place	$1,141
Bradley Creek East Estates	$1,141
Autumn Hall	$1,141
Audubon	$1,141
Seagate	$1,147
Bradley Creek	$1,147
Windchase	$1,437
Tanglewood	$1,437
South of Woodberry	$1,437
Shinn Creek Estates	$1,437
Pine Grove	$1,437
Newhall	$1,437
Millbrook	$1,437
Masonboro Sound	$1,437
Masonboro Marina	$1,437
Masonboro	$1,437
Lansdowne Estates	$1,437
Holly Glen	$1,437
Caneel Cove	$1,437

The most affordable neighborhoods in Wilmington are Arrowhead, where the average rent goes for $1,019/month, Belmont, where renters pay $1,019/mo on average, and Breezewood, where the average rent goes for $1,019/mo. If you’re looking for other great deals, check out the listings from Echo Farms ($1,019), Hanover Heights ($1,019), and Landmark Industrial Park ($1,019), where the asking prices are below the average Wilmington rent of $1,093/mo.

The most expensive neighborhoods in Wilmington are South of Woodberry ($1,437), Tanglewood ($1,437) and Windchase ($1,437).

Wilmington | Rent Comparison by Neighborhood

Rent in Arrowhead is 11% lower than in Audubon

$1,019

Arrowhead rent is 7% lower than Wilmington average

Average Rent	$1,019

$1,141

Audubon rent is 4% higher than Wilmington average

Average Rent	$1,141

How Does Wilmington Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Wilmington	$1,093	5%
Kings Grant	$1,107	4%
Murraysville	$1,134	10%
Northchase	$1,107	4%
Wrightsboro	$1,085	4%
Ogden	$1,134	10%
Silver Lake	$1,019	5%
Bayshore	$1,134	10%
Myrtle Grove	$1,437	-2%

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.