Wilmington, NC Rental Market Trends
What is the average rent in Wilmington?
The average rent for an apartment in Wilmington is $1,622. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Wilmington, NC
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,622 | 973 sq. ft. |
What is the average apartment size in Wilmington?
The average size for a Wilmington, NC apartment is 973 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
28,853 or 54% of the households in Wilmington, NC are renter-occupied while 24,521 or 46% are owner-occupied.
Wilmington, NC rent trends
Average Rent in Wilmington, NC By Neighborhood
| City | Average Rent |
|---|---|
| Downtown Wilmington | $1,677 |
| Dry Pond | $1,677 |
| Glen Villa | $1,677 |
| Sunset Park | $1,677 |
| Inland Greens | $1,668 |
| Smiths Creek Industrial Park | $1,668 |
| New Center | $1,626 |
| Seagate | $1,624 |
| College Acres | $1,608 |
| Devon Park | $1,608 |
| Highland Hills | $1,608 |
| Pineywoods | $1,608 |
| Breezewood | $1,524 |
| Hanover Heights | $1,524 |
| Silver Creek | $1,524 |
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What are the most affordable neighborhoods in Wilmington?
The most affordable neighborhoods in Wilmington are Breezewood, where the average rent goes for $1,524/month, Hanover Heights, where renters pay $1,524/mo on average, and Silver Creek, where the average rent goes for $1,524/mo. If you’re looking for other great deals, check out the listings from College Acres ($1,608), Devon Park ($1,608), and Highland Hills ($1,608), where the asking prices are below the average Wilmington rent of $1,622/mo.
What are the most expensive neighborhoods in Wilmington?
The most expensive neighborhoods in Wilmington are Dry Pond ($1,677), Glen Villa ($1,677) and Sunset Park ($1,677).
What are the most popular neighborhoods in Wilmington?
The most popular neighborhood in Wilmington is Breezewood, where there are 1 listings with an average rent of $1,524. Next up is College Acres, where apartments go for $1,608/month, followed by Devon Park with $1,608 If you’re looking to rent in Wilmington’s most popular neighborhoods, make sure to also check out Downtown Wilmington, where renters pay $1,677 on average, and Dry Pond, where the average monthly rent is $1,677.
Wilmington | Rent Comparison by Neighborhood
Rent in Breezewood is 5% lower than in College Acres
$1,524
Breezewood rent is 6% lower than Wilmington average
Average Rent
$1,524
$1,608
College Acres rent is 1% lower than Wilmington average
Average Rent
$1,608
How Wilmington Compares to Other Cities
| State | Average Rent |
|---|---|
| Raleigh | $1,609 |
| Durham | $1,555 |
| Holly Springs | $1,646 |
| Charlotte | $1,653 |
| Cary | $1,635 |
| Apex | $1,678 |
| Concord | $1,530 |
| Greensboro | $1,262 |
| Winston - Salem | $1,226 |
| Asheville | $1,717 |
| Wilmington | $1,622 |
What is the average price for a storage unit in Wilmington?
The average rent for a non-climate-controlled 10'x10' storage unit in Wilmington is $105.31. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
