Apartments in Southern Wilmington

31 - 38 of 38 Results
29
$3,295
3019 N Rocklund Ct Wilmington, NC
4 BR | Jul. 13, 2024
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Dishwasher
$1,450
Wilmington, NC
2 BR | May. 15, 2024
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$1,095 - 1,495
1436 Harbour Dr Apt A Wilmington, NC
1 - 3 BR | Available Now
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10
$880 - 1,267
814 Saint Andrews Drive Wilmington, NC
1 - 2 BR | Available Now
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Balcony/Deck/Patio
29
$1,900
Wilmington, NC
3 BR | Available Now
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31
$1,500
165
228 Dixie Ave Wilmington, NC
Studio | Ask for Availability
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16
$1,550
5320 Park Ave Unit D Wilmington, NC
3 BR | Available Now
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9
$1,300
Wilmington, NC
1 BR | Jun. 10, 2024
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Southern Wilmington Neighborhood Summary

As you travel down the cape, south of downtown and the University of North Carolina at Wilmington, the neighborhoods become almost exclusively residential, though you will find restaurants and grocery stops along the two main thoroughfares, Hwy. 132/421 and Hwy. 117. Near Carolina and Kure beaches, the south end of Wilmington is also a popular spot for vacation homes, and rents are a bit higher a well. But you can still find a great deal with a ton of square footage among the beautiful scenery of this coastal area.

Wilmington:
May Rent Report

Welcome to the May 2024 Wilmington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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.

Monthly Rent Report

$2,000
$1,500
$1,000
$500
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Wilmington Rent Prices Increase From April to May

Wilmington rent prices increased over the last month. From April to May, the city experienced a 3.22% increase for the price of a one-bedroom apartment. The rent price for a Wilmington one-bedroom apartments currently stands at $1,282.0.

When we take a look at the two-bedroom comparison from April to May, Wilmington experienced a 2.86% increase for the price of a two-bedroom apartment. The rent price for a Wilmington two-bedroom apartments currently stands at $1,547.0.

May Prices: Wilmington vs. Surrounding Areas

Carolina Beach, NC
Leland, NC
Oak Island, NC
Wilmington, NC
$1,624
$1,482
$1,401
$1,242
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Wilmington and Surrounding Areas

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, 2 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 Carolina Beach, NC, Oak Island, NC.

  • 3 suburbs are currently priced higher than the city of Wilmington.

May 2024 Pricing Trends: Wilmington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Wilmington, NC
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,242
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Wilmington Rent Prices More Affordable Than Major Cities

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.

For more information about Wilmington and surrounding area rent prices, take a look at the complete data set below.

Data set for Wilmington and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Wilmington, NC $1,242.0 -0.40% $1,504.0 1.35%
Leland, NC $1,482.0 5.86% $1,736.0 -0.34%
Carolina Beach, NC $1,624.0 -0.12% $2,137.0 0.19%
Oak Island, NC $1,401.0 0.00% $1,868.0 0.00%

Methodology

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.