How many apartments are available in 28409 on Rentable.co?
Rentable.co has 16 apartments available for rent in 28409.
What is the average rent for an apartment in 28409?
The average rent for an apartment in 28409 is around $2,450 per month.
What is the average rent for a two-bedroom apartment in 28409?
The average rent for a two-bedroom apartment in 28409 is around $1,350 per month.
Find an Apartment in 28409
Looking for apartments for rent in 28409 Wilmington, NC? Rentable has the perfect options for you. Currently, there are 16 units available in this zip code. The average rent in 28409 is $2,450, and you can find 2-bedroom units starting at $1,250.
Located in Wilmington, NC, 28409 offers a convenient and desirable location for residents. This zip code is home to a variety of points of interest and amenities, including nearby parks and community facilities.
If you're searching for apartments near 28409, Rentable's listings provide a range of options to suit your needs. Whether you're looking for a cozy studio or a spacious family apartment, you can find your perfect rental in this area. Start your search today and find your ideal home in 28409 Wilmington, NC.
Wilmington: June Rent Report
Welcome to the June 2024 Wilmington Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
June 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
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR2 BR
Wilmington Rent Prices Increase From May to June
Wilmington rent prices increased over the last month. From May to June, the city experienced a 5.15% increase for the price of a one-bedroom apartment. The rent price for a Wilmington one-bedroom apartments currently stands at $1,348.0.
When we take a look at the two-bedroom comparison from May to June, Wilmington experienced a 2.0% increase for the price of a two-bedroom apartment. The rent price for a Wilmington two-bedroom apartments currently stands at $1,578.0.
June Prices: Wilmington vs. Surrounding Areas
Carolina Beach, NC
Leland, NC
Oak Island, NC
Wilmington, NC
$1,712
$1,495
$1,401
$1,282
$0
$600
$1,200
$1,800
$2,400
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 Leland, NC, Carolina Beach, NC .
Rent decreased in Oak Island, NC.
3 suburbs are currently priced higher than the city of Wilmington.
June 2024 Pricing Trends: Wilmington vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Wilmington, NC
Minneapolis, MN
Pittsburgh, PA
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,282
$1,259
$1,203
$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 June
1 BR M/M % Change
2 BR June
2 BR M/M % Change
Wilmington, NC
$1,282.0
3.22%
$1,547.0
2.86%
Leland, NC
$1,495.0
0.88%
$1,729.0
-0.40%
Carolina Beach, NC
$1,712.0
5.42%
$2,150.0
0.61%
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.