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Search and browse 1032 apartments under $1,000 available for rent in Wilmington, NC. With apartments that span the entire city, you will find an apartment in Wilmington for just the right price. During your search, sort your favorite apartments under $1,000 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Wilmington apartment before you know it.
Welcome to the May 2021 Wilmington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2021 key findings and figures for the Wilmington rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Wilmington and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Wilmington average rent prices in the chart below.
Wilmington rent prices increased over the last month. From April to May, the city experienced a 1.54% increase for the price of a one-bedroom apartment. The rent price for a Wilmington one-bedroom apartments currently stands at $987.0.
When we take a look at the two-bedroom comparison from April to May, Wilmington experienced a 0.25% increase for the price of a two-bedroom apartment. The rent price for a Wilmington two-bedroom apartments currently stands at $1,217.0.
Rent prices have increased in Wilmington over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Wilmington suburb increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Leland, NC .
Rent decreased in Hampstead, NC.
2 suburbs are currently priced higher than the city of Wilmington.
Rent growth in Wilmington over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Wilmington average rent prices appear to be relatively affordable for local residents.
The price for a Wilmington one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's May 2021 National Apartment Report and data set here.
For more information about Wilmington and surrounding area rent prices, take a look at the complete data set below.
| 1 BR May | 1 BR M/M % Change | 2 BR May | 2 BR M/M % Change | |
|---|---|---|---|---|
| Wilmington, NC | $972.0 | 0.00% | $1,214.0 | -0.41% |
| Leland, NC | $1,102.0 | 2.23% | $1,247.0 | -2.73% |
| Hampstead, NC | $1,050.0 | 0.00% | $1,285.0 | 0.00% |
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.