Downtown Wilmington, Wilmington, NC Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Wilmington is $1,684, a 5.63% decrease compared to the previous year, when the average rent was $1,785.
One-bedroom apartments provide 783 square feet for $1,568, balancing privacy and affordability.
Two-beedroom units at $1,827 offer 1,098 square feet, perfect for roommates or small families.
Average rent in Downtown Wilmington, Wilmington, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,684 | 927 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,568 | 783 sq. ft. |
| 2 Beds | $1,827 | 1,098 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Wilmington, Wilmington, NC rent trends
Rental prices in Downtown Wilmington, Wilmington, NC have decreased by 5.63% over the past year. The average rent moved from $1,785 to $1,684.
What's the typical rent budget in Downtown Wilmington, Wilmington, NC?
The largest share of rentals in Downtown Wilmington, Wilmington, NC (61%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Wilmington, Wilmington, NC?
460 or 60% of the households in Downtown Wilmington, Wilmington, NC are renter-occupied while 313 or 40% are owner-occupied.
Most affordable neighborhoods in Downtown Wilmington?
Fairlawn $1,158/month
Greenfield Lake Estates $1,330/month
Carolina Place $1,337/month
All of these neighborhoods fall below the city wide average of $1,613/month.Most expensive neighborhoods in Downtown Wilmington?
Northside Wilmington $1,933/month
Kentwood Village $2,010/month
St. James Village $2,527/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Wilmington, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| St. James Village | $2,527 |
| Kentwood Village | $2,010 |
| Northside Wilmington | $1,933 |
| Lucia Point | $1,845 |
| Devon Park | $1,695 |
| Downtown Wilmington | $1,684 |
| Hanover Heights | $1,642 |
| Highland Hills | $1,596 |
| College Acres | $1,584 |
| Pine Valley | $1,570 |
| Echo Farms | $1,484 |
| Silver Creek | $1,445 |
| New Center | $1,424 |
| Breezewood | $1,416 |
| Glen Villa | $1,370 |
| University of North Carolina Wilmington | $1,367 |
| Carolina Place | $1,337 |
| Greenfield Lake Estates | $1,330 |
| Fairlawn | $1,158 |
Wilmington | Rent Comparison by Neighborhood
Rent in Downtown Wilmington is 19% higher than in Breezewood
Downtown Wilmington rent is the same as Wilmington average
Breezewood rent is 16% lower than Wilmington average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Wilmington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.