112 Apartments for rent in Wilmington, NC
📍Average Rent in Wilmington
Ogden: A nautical neighborhood, Ogden has plenty of rental homes, apartments, and townhomes (one bedrooms run for around $700 - $900). Ogden is adored because of its proximity to the beach, as well as shopping and entertainment. There is also always something happening in Ogden, including community-wide festivals.
Silver Lake: This area is comprised of single family homes (often large three and four bedroom) and apartment buildings. The appeal of this area is that it is close enough to the water for quick access, but also inland enough to be considered suburbia. Many of the apartments around here offer short term lease options and great amenities (pool, deck, 24-hour gym, indoor pools, Wi-Fi, etc.). The area is also close enough to major highways (421, 117) to make your commute a bit easier. A two bedroom apartment in this area is typically priced around $700 - $800 a month.
Masonboro: This coastal neighborhood is made up of dwelling styles. Part nautical lifestyle, part urban lifestyle, Masonboro is an area coveted by many. Rental homes here tend to be larger, with multiple bedrooms and big, beautiful yards. One bedroom apartments are available for about $650, 2 bedroom apartments for $900.
Greenville Loop: In case you haven't noticed, Wilmington is much more than just a coastal city.There are many different apartment communities to choose from (in addition to single family homes). Its proximity to Empie Park, Highway I-40, and Wrightsville Beach is enough to make this neighborhood coveted, but it doesn’t hurt that the apartment living around here is chock full of amenities. Private patios, upgraded/gourmet kitchens, volleyball courts, washer and dryer units — you name it, the apartments for rent here provide it.
Downtown: This historic area is one of the largest in the country. Devoting a mile to the Riverwalk, Downtown Wimington has gone through a true resurgence. Old warehouses and buildings have been knocked down to make room for art museums, dining, and shopping. Living down here puts residents in the heart of the city’s cultural area. It also gives you prime access to the riverfront, holiday and art/music festivals, and proximity to downtown businesses. Residences here consist mainly of older homes, condos, and newer apartments. Living in the heart of downtown, you can expect to pay a bit more (about $1,000 a month for a one bedroom or studio apartment) but farther from the water prices tend to go down ($700 - $800 a month for a one bedroom).
Wilmington residents with their own set of wheels depend on a few local, state, and major highways to get around. US-17 runs from Wilmington, NC to Jacksonville, FL and is great for long road trips. Locally, folks tend to rely on US 74 & 76, which will connect you to the area beaches (Wrightsville, Carolina, Kure), as well as state highways 132/133. The major highway used to get in and around the city of Wilmington is I-40.
Wilmington is the type of town that beckons you to settle down and create your own Home Sweet Home. It may be a movie star, but there is no ego. It may be coastal, but it’s no seasonal beach town. It is home to five local theaters. It is riverfront property that makes for a fantastic morning view. You see, Wilmington is not one thing. It is everything. Wilmington welcomes you! Best of luck finding your new apartment to call home.
August 2019 Wilmington Rent Report
Welcome to the August 2019 Wilmington Rent Report. Wilmington rents increased over the past month. In this report, we'll evaluate trends in the Wilmington rental market, including comparisons to cities throughout the state and nation.
August 2019 Wilmington Rent Report
Welcome to the August 2019 Wilmington Rent Report. Wilmington rents increased over the past month. In this report, we'll evaluate trends in the Wilmington rental market, including comparisons to cities throughout the state and nation.
Wilmington rents increased significantly over the past month
Wilmington rents have increased 0.5% over the past month, and are up significantly by 4.8% in comparison to the same time last year. Currently, median rents in Wilmington stand at $771 for a one-bedroom apartment and $975 for a two-bedroom. This is the twelfth straight month that the city has seen rent increases after a decline in July of last year. Wilmington's year-over-year rent growth leads the state average of 2.7%, as well as the national average of 1.6%.
Rents rising across cities in North Carolina
Throughout the past year, rent increases have been occurring not just in the city of Wilmington, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 2.7% over the past year. Here's a look at how rents compare across some of the largest cities in the state.
- Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,298; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Wilmington experiencing the fastest growth (+4.8%).
- Cary, Durham, and High Point have all experienced year-over-year growth above the state average (4.5%, 3.7%, and 3.4%, respectively).
Wilmington rents more affordable than many large cities nationwide
As rents have increased significantly in Wilmington, a few large cities nationwide have seen rents grow more modestly. Wilmington is still more affordable than most large cities across the country.
- Wilmington's median two-bedroom rent of $975 is below the national average of $1,191. Nationwide, rents have grown by 1.6% over the past year compared to the 4.8% rise in Wilmington.
- While Wilmington's rents rose significantly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.1%), and New York (+1.8%).
- Renters will find more reasonable prices in Wilmington than most large cities. For example, San Francisco has a median 2BR rent of $3,126, which is more than three times the price in Wilmington.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.
Renter Confidence Survey
Apartment List has released Wilmington’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Wilmington renters expressed general dissatisfaction with the city overall," according to Apart...
Here’s how Wilmington ranks on:
Apartment List has released Wilmington’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Wilmington renters expressed general dissatisfaction with the city overall," according to Apartment List. "Interestingly, ratings for Wilmington vary widely across categories such as weather, social life, public transit, and jobs."
Key Findings in Wilmington include the following:
- Wilmington renters gave their city a C overall.
- The highest-rated categories for Wilmington were weather and social life, which received A+ and A grades, respectively.
- The areas of concern to Wilmington renters are public transit (D) and jobs and career opportunities (F).
- Wilmington did relatively poorly compared to other cities in North Carolina like Raleigh (A), Charlotte (A-) and Greensboro (A-).
- Wilmington did relatively poorly compared to other coastal Southern cities, including Charleston (A-), Virginia Beach (A-) and Jacksonville (B-).
- The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.
For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.