Apartments in College Park Wilmington

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$3,100
469 Albemarle Rd Wilmington, NC
5 BR | Available Now
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$1,550
Wilmington, NC
2 BR | Available Now
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$2,200
5518 Plover Ct Wilmington, NC
3 BR | Available Now
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$2,950
6028 Chester St Wilmington, NC
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Photo by analgophile via Flickr Commons

College Park Neighborhood Summary

The area surrounding the sprawling University of North Carolina at Wilmington campus is like a second downtown. The campus even has its own shopping area, University Landing Mall, with restaurants, a HomeGoods, a Lowe’s, and more — everything to get a new apartment up and running. It’s no surprise that this area is where many students choose to seek an apartment, and there are plenty of rental to choose from. Since this is such a hot area for college students, however, start your search early to find an apartment that meets your needs.

Wilmington:
November Rent Report

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

$1,700
$1,280
$850
$430
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Wilmington Rent Prices Increase From October to November

Wilmington rent prices increased over the last month. From October to November, the city experienced a 1.03% increase for the price of a one-bedroom apartment. The rent price for a Wilmington one-bedroom apartments currently stands at $1,378.0.

When we take a look at the two-bedroom comparison from October to November, Wilmington experienced a -2.71% decrease for the price of a two-bedroom apartment. The rent price for a Wilmington two-bedroom apartments currently stands at $1,582.0.

November Prices: Wilmington vs. Surrounding Areas

Carolina Beach, NC
Oak Island, NC
Leland, NC
Wilmington, NC
$1,624
$1,404
$1,394
$1,364
$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 2 of the Wilmington suburbs 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 Carolina Beach, NC, Oak Island, NC .

  • Rent decreased in Leland, NC.

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

November 2024 Pricing Trends: Wilmington vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Wilmington, NC
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,364
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
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 November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Wilmington, NC $1,364.0 1.34% $1,626.0 0.93%
Leland, NC $1,394.0 -1.90% $1,749.0 0.00%
Carolina Beach, NC $1,624.0 0.06% $2,217.0 -0.36%
Oak Island, NC $1,404.0 0.21% $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.