63 Luxury Apartments for rent in Wilmington, NC

Last updated September 23 at 9:42PM
110 Ann Street
Downtown Wilmington
Wilmington, NC
Updated September 21 at 12:02PM
3 Bedrooms
$2,750
5006 Carleton Place Unit 131
College Acres
Wilmington, NC
Updated September 19 at 9:27AM
3 Bedrooms
$1,500
3818 Blue Wing Court
Pine Valley East
Wilmington, NC
Updated September 21 at 12:29PM
3 Bedrooms
$1,500
4340 Peeble Drive Muirfield Towner at Echo Farms
Echo Farms
Wilmington, NC
Updated September 21 at 11:46AM
3 Bedrooms
$1,995
7749 Cypress Island Drive
Wilmington
Wilmington, NC
Updated September 14 at 11:09AM
3 Bedrooms
$1,549
4810 Greenway Ave
College Acres
Wilmington, NC
Updated September 8 at 2:38AM
3 Bedrooms
$1,200
1064 Headwater Cove Lane
College Acres
Wilmington, NC
Updated August 31 at 1:01PM
3 Bedrooms
$1,325
Market St
Chestnut Heights, Princess Place & Princess Place Drive
Wilmington, NC
Updated September 9 at 7:35AM
3 Bedrooms
$1,200
Market St
Chestnut Heights, Princess Place & Princess Place Drive
Wilmington, NC
Updated September 19 at 7:12AM
3 Bedrooms
$1,150
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Rent Report
Wilmington

September 2017 Wilmington Rent Report

Welcome to the September 2017 Wilmington Rent Report. In this report, we'll evaluate trends in the Wilmington rental market, including comparisons to similar cities nationwide.

Wilmington rents increase sharply over the past month

Wilmington rents have increased 0.7% 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 $720 for a one-bedroom apartment and $910 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in May. Wilmington's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 3.0%.

Wilmington rents more affordable than many large cities nationwide

As rents have increased in Wilmington, a few large cities nationwide have seen also rents grow more modestly. Wilmington is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with North Carolina as a whole logging rent growth of 4.3% over the past year.
  • Wilmington's median two-bedroom rent of $910 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.8% rise in Wilmington.
  • While Wilmington's rents rose over the past year, many cities nationwide also saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Charlotte (+3.9%).
  • Renters will find more reasonable prices in Wilmington than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.