67 Luxury Apartments for rent in Wilmington, NC

Last updated November 20 at 8:42am UTC
103 S Front St. (A)
Downtown Wilmington
Wilmington, NC
Updated November 11 at 10:41am UTC
2 Bedrooms
$1,299
4148 Breezewood Drive #103
Wilmington
Wilmington, NC
Updated November 15 at 11:31am UTC
2 Bedrooms
$1,195
939 Downey Branch Lane
Devon Park
Wilmington, NC
Updated November 8 at 11:22am UTC
3 Bedrooms
$1,200
1433 Avenel Drive
Wilmington
Wilmington, NC
Updated November 16 at 11:41am UTC
4 Bedrooms
$3,250
4187 Abbington Terrace
Lincoln Forest
Wilmington, NC
Updated November 10 at 1:27am UTC
3 Bedrooms
$1,500
105 Dilworth Rd
Wilmington
Wilmington, NC
Updated November 16 at 12:24pm UTC
3 Bedrooms
$1,350
1603 Chestnut Street
Carolina Heights
Wilmington, NC
Updated November 1 at 10:17am UTC
3 Bedrooms
$1,275
4804 Whitner Drive Holly Glen
Holly Tree
Wilmington, NC
Updated October 26 at 10:17am UTC
3 Bedrooms
$1,950
606 Orange Street
The Bottom, Carolina Place & Old Wilmington
Wilmington, NC
Updated November 14 at 10:53am UTC
2 Bedrooms
$1,300
5809 Myrtle Grove Road
Wilmington
Wilmington, NC
Updated November 8 at 1:33am UTC
3 Bedrooms
$1,575
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November 2017 Wilmington Rent Report

Welcome to the November 2017 Wilmington Rent Report. Wilmington rents declined 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.

View full Wilmington Rent Report
Rent Report
Wilmington

November 2017 Wilmington Rent Report

Welcome to the November 2017 Wilmington Rent Report. Wilmington rents declined 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 declined over the past month

Wilmington rents have declined 0.7% over the past month, but have increased significantly by 4.6% 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. Wilmington's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 2.7%.

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 3.6% 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 $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Fayetteville experiencing the fastest growth (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Wilmington rents more affordable than many large cities nationwide

As rents have increased significantly in Wilmington, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Wilmington is still more affordable than most large cities across the country.

  • Wilmington's median two-bedroom rent of $910 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.6% increase in Wilmington.
  • While Wilmington's rents rose significantly over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.