Wilmington, NC Rental Market Trends
Highlights
The average rent for an apartment in Wilmington is $1,180, a 3% increase compared to the previous year.
Average Rent in Wilmington, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,180 | 3% | 947 sq. ft. |
The average size for a Wilmington, NC apartment is 947 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
- $501-$7002%
- $701-$1,00032%
- $1,001-$1,50055%
- $1,501-$2,0007%
- > $2,0005%
Wilmington, NC Occupied Housing Units
- Renter-occupied Households50%
- Owner-occupied Households49%
26,022 or 50% of the households in Wilmington, NC are renter-occupied while 25,294 or 49% are owner-occupied.
Wilmington, NC Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wilmington, NC | $1,024 | $1,033 | $1,055 | $1,056 | $1,056 | $1,083 | $1,110 | $1,147 | $1,178 | $1,177 | $1,180 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Wilmington, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sunset Park | $1,102 |
| Sherwood Forest | $1,102 |
| Northside Wilmington | $1,102 |
| Lake Forest | $1,102 |
| Greenfield Lake Estates | $1,102 |
| Glen Villa | $1,102 |
| Dry Pond | $1,102 |
| Downtown Wilmington | $1,102 |
| Clarendon Park | $1,102 |
| Willoughby Park | $1,130 |
| Silver Creek | $1,130 |
| Samsara Estates | $1,130 |
| Rivers Edge | $1,130 |
| Preston Woods | $1,130 |
| Portwatch Industrial Park | $1,130 |
| Pine Valley | $1,130 |
| Landmark Industrial Park | $1,130 |
| Hanover Heights | $1,130 |
| Echo Farms | $1,130 |
| Breezewood | $1,130 |
| Belmont | $1,130 |
| Arrowhead | $1,130 |
| Princess Place | $1,164 |
| Carolina Heights | $1,199 |
| Williams | $1,209 |
| Tanbridge Park | $1,209 |
| Smiths Creek Industrial Park | $1,209 |
| Parkside at Mayfaire | $1,209 |
| Mayfaire Townview | $1,209 |
| Lucia Point | $1,209 |
| Landfall | $1,209 |
| Kentwood Village | $1,209 |
| Inland Greens | $1,209 |
| Fairlawn | $1,209 |
| Wrightsville Beach Town | $1,218 |
| New Center | $1,218 |
| University of North Carolina Wilmington | $1,222 |
| St. James Village | $1,222 |
| Pineywoods | $1,222 |
| Oleander | $1,222 |
| Oakcrest | $1,222 |
| Lincoln Forest | $1,222 |
| Highland Hills | $1,222 |
| Glen Meade | $1,222 |
| Forest Hills | $1,222 |
| Devon Park | $1,222 |
| College Acres | $1,222 |
| Carolina Place | $1,222 |
| Bradley Creek East Estates | $1,222 |
| Autumn Hall | $1,222 |
| Audubon | $1,222 |
| Seagate | $1,235 |
| Bradley Creek | $1,235 |
| Windchase | $1,781 |
| Tanglewood | $1,781 |
| South of Woodberry | $1,781 |
| Shinn Creek Estates | $1,781 |
| Pine Grove | $1,781 |
| Newhall | $1,781 |
| Millbrook | $1,781 |
| Masonboro Sound | $1,781 |
| Masonboro Marina | $1,781 |
| Masonboro | $1,781 |
| Lansdowne Estates | $1,781 |
| Holly Glen | $1,781 |
| Caneel Cove | $1,781 |
The most affordable neighborhoods in Wilmington are Clarendon Park, where the average rent goes for $1,102/month, Downtown Wilmington, where renters pay $1,102/mo on average, and Dry Pond, where the average rent goes for $1,102/mo. If you’re looking for other great deals, check out the listings from Glen Villa ($1,102), Greenfield Lake Estates ($1,102), and Lake Forest ($1,102), where the asking prices are below the average Wilmington rent of $1,180/mo.
The most expensive neighborhoods in Wilmington are South of Woodberry ($1,781), Tanglewood ($1,781) and Windchase ($1,781).
The most popular neighborhood in Wilmington is Silver Creek, where there are 4 verified RENTCafé listings with an average rent of $1,130. Next up is Breezewood, where apartments go for $1,130/month, followed by College Acres with $1,222 If you’re looking to rent in Wilmington’s most popular neighborhoods, make sure to also check out New Center, where renters pay $1,218 on average, and Carolina Place, where the average monthly rent is $1,222.
Wilmington | Rent Comparison by Neighborhood
Rent in Arrowhead is 8% lower than in Audubon
Arrowhead rent is 4% lower than Wilmington average
| Average Rent | $1,130 |
|---|
Audubon rent is 4% higher than Wilmington average
| Average Rent | $1,222 |
|---|
How Wilmington Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,259 | 6% |
| Raleigh | $1,238 | 6% |
| Durham | $1,181 | 3% |
| Greensboro | $914 | 4% |
| Winston - Salem | $895 | 7% |
| Wilmington | $1,180 | 3% |
| Harnett | $1,185 | 2% |
| Murraysville | $1,149 | -4% |
| Porters Neck | $1,149 | -4% |
| Town Creek | $1,154 | 11% |
| Leland | $1,188 | 10% |
For more information about the Wilmington rental trends, check out our monthly rent report
Check out North Carolina Cities, North Carolina Neighborhoods and North Carolina Zip Codes for more details on verified listings, including the North Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!