Last updated
Average Rent in Wilmington 28401 & Rent Trends
Rent prices and market trends across 3 apartment communities in Wilmington 28401, Wilmington, NC. Updated daily.
Market Average
$1,616/mo
▼ 1.2% from last month
Lowest Available
$1,458/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
25
available now
Wilmington 28401 vs Wilmington, NC Average
Wilmington 28401 is more expensive the Wilmington, NC average by $186/mo (13%). The citywide average is $1,430/mo across all neighborhoods.
Is Rent Going Up or Down in Wilmington 28401?
As of May 2026, the average rent in Wilmington 28401 is $1,616 per month across 3 apartment communities and 25 available units. Rents have decreased $22 (1.2%) over the past month.
The most affordable option is City Block Apartments starting at $1,458/mo. By unit type, a 1-bedroom averages $1,616/mo.
Prices range from $1,458 to $2,219 per month. The most common price point is the $1,400 range, where 15 units are currently listed.
Wilmington 28401 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Wilmington 28401
Rent Prices by Apartment in Wilmington 28401
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| City Block Apartments | $1,458/mo | $1,468/mo | 3 | 4.5 |
| South Front | $1,461/mo | $1,677/mo | 9 | 4.5 |
| Flats on Front | $1,543/mo | $1,608/mo | 13 | 4.4 |
Google Search Trends for Wilmington 28401 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Wilmington 28401
What is the average rent in Wilmington 28401?
Is rent going up or down in Wilmington 28401?
What is the cheapest apartment in Wilmington 28401?
How much is a 1-bedroom apartment in Wilmington 28401?
How many apartments are available in Wilmington 28401?
What salary do I need to live comfortably in Wilmington 28401?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$65,000/year
30 percent rule -- using our average rent of $1,616/mo.
Comfortable income
$78,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,458/mo), you need to earn at least $58,000/year.
Median household income in Wilmington 28401 is $63,900 , about 18% below the comfortable-living threshold.
Cost of living in Wilmington 28401
Overall prices in Wilmington 28401 runs below the national average by about 5% (BEA Regional Price Parity index 95.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Wilmington 28401's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,616 |
| Utilities | $378 |
| Groceries | $523 |
| Transportation | $900 |
| Healthcare | $439 |
| Other goods and services | $703 |
| Estimated total | $4,558/mo |
Population
118,578
Median household income
$63,900
Census median rent
$1,311/mo
Rent as % of income
32.1%
Median age
37.5
Mean commute
19 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Wilmington 28401 Apartments
Browse all 3 communities with daily-updated pricing and availability.