New Hanover Village Apartments
2402 Flint Dr,
Wilmington, NC 28401
2-3 Beds | $1,400
Rental Market Trends in Wilmington, NC
What is the average rent in Wilmington, NC?
$1,335/month
Average Rent
728 Sq Ft
Average Apartment Size
-0.7%
Decrease in the Last Year
As of April 2025, the average rent in Wilmington, NC is $1,335 per month. This is 15% lower than the national average rent of $1,575/month, making renting in Wilmington more affordable than most cities in the US. When you rent an apartment in Wilmington, you can expect to pay about $1,218 per month for a studio, $1,335 for a one-bedroom apartment, and around $1,599 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,938 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Wilmington, NC?
In the past year, rent has decreased by 0.7%, which averages out to $9 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Wilmington, NC
Last Updated April 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
50%
$1,001 - $1,500/month
37%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Wilmington?
Based on current rent prices, Bayshore, College Acres and Kirkland are the most affordable neighborhoods in Wilmington.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Wilmington?
Based on current rent prices, Landfall, Covil Estates and Kings Grant are the most expensive neighborhoods in Wilmington.
Neighborhood
Average Rent
Average Sq Ft
Which Wilmington neighborhoods have the most rentals available?
The neighborhoods in Wilmington with the most apartments available are Murraysville, Echo Farms and Silver Lake .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Wilmington, NC?
Because the average rent in Wilmington is $1,335, you’ll want to make about $4,450 per month or $53,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Wilmington, NC is 4.2% lower than the national average. Generally, housing in Wilmington is 22.9% less expensive than the national average, with rent falling between $1,218 - $1,938. You can expect to pay 1.0% less for groceries, 3.9% more for utilities, and 8.7% more for transportation.
How does Wilmington, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Wilmington, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,396/month
One Bedroom
$1,354/month
$1,531/month
Two Bedroom
$1,611/month
$1,928/month
Three Bedroom
$1,766/month
-
Apartment communities in Wilmington we think you'll love
Property Management Companies in Wilmington, NC
Tribute Properties, Inc.
-
27
Communities
-
6,301
Units
-
8
Cities
16 Communities in Wilmington
Hawthorne Residential Partners
-
262
Communities
-
63,061
Units
-
120
Cities
14 Communities in Wilmington
Drucker & Falk
-
157
Communities
-
37,844
Units
-
59
Cities
9 Communities in Wilmington
Bell Partners
-
245
Communities
-
77,878
Units
-
129
Cities
8 Communities in Wilmington
Greystar
-
3,221
Communities
-
893,592
Units
-
827
Cities
7 Communities in Wilmington
Willow Bridge
-
700
Communities
-
189,155
Units
-
316
Cities
3 Communities in Wilmington
Highmark Residential
-
216
Communities
-
62,425
Units
-
116
Cities
3 Communities in Wilmington
Southwood Realty Company
-
102
Communities
-
24,627
Units
-
58
Cities
3 Communities in Wilmington
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.