Most Affordable Neighborhoods in Wilmington, NC

Some of the cheapest neighborhoods in Wilmington are College Acres, Northchase, and Myrtle Grove. These neighborhoods offer some of the lowest rent prices in Wilmington, making them ideal for renters on a budget. As of March 21, 2025, the average rent in Wilmington is $1,332, which is 0.9% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

College Acres

Average Rent

$1,444/Month

Year-Over-Year Rent Change

8.8%

TransitScore® Rating

23/100

Units Available

106 Rentals

College Acres is a serene neighborhood nestled close to the University of North Carolina Wilmington, making it a top pick for students and faculty. This area offers a convenient mix of homes and apartments, with shopping centers, parks, and Wrightsville Beach just a short distance away, providing easy access to both campus and local amenities.

Northchase

Average Rent

$1,493/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

0/100

Units Available

41 Rentals

Northchase is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northchase is $1,493 while the city average is $1,332. This is a -0.4% difference from last year. Residents enjoy convenient access to New Hanover County Arboretum, Children's Museum of Wilmington, and Northchase Centre. The neighborhood is considered car-dependent with a WalkScore® of 34.

Myrtle Grove

Average Rent

$1,493/Month

TransitScore® Rating

0/100

Units Available

21 Rentals

When you’re looking for a great Wilmington neighborhood on a budget, check out Myrtle Grove. The average rent is $1,493, compared to the city average of $1,332. Myrtle Grove is convenient to Cape Fear C.C., Downtown, Village at Myrtle Grove, and UNC Wilmington. The community is car-dependent with a WalkScore® of 38.

Echo Farms

Average Rent

$1,500/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

16/100

Units Available

155 Rentals

Echo Farms is a picturesque neighborhood known for its golf course and proximity to local parks. Residents enjoy easy access to Long Leaf Park, which features baseball fields, basketball courts, and a dog park, providing ample recreational opportunities for all ages. Shopping is convenient with nearby centers like The Pointe at Barclay, offering a range of stores and dining options.

Shipyard Plaza

Average Rent

$1,509/Month

Year-Over-Year Rent Change

4.9%

TransitScore® Rating

19/100

Units Available

48 Rentals

Shipyard Plaza buzzes with a variety of shopping, dining, and entertainment choices, like the Cape Fear Museum of History & Science and the Commons Shopping Center. Its central location provides quick access to both downtown Wilmington and the beaches, making it perfect for those who want convenience for both work and leisure activities.

Kirkland

Average Rent

$1,522/Month

Year-Over-Year Rent Change

2.8%

TransitScore® Rating

0/100

Units Available

32 Rentals

Kirkland is a growing residential area offering a mix of newer developments and established homes. It’s close to shopping, dining, and Wrightsville Beach, making it an excellent spot for those who desire a suburban lifestyle with easy access to coastal and city amenities.

Pine Valley West

Average Rent

$1,526/Month

Year-Over-Year Rent Change

4.3%

TransitScore® Rating

22/100

Units Available

51 Rentals

Pine Valley West is an appealing neighborhood offering a mix of single-family homes and apartments. Renters will enjoy the proximity to parks, schools, and shopping centers, as well as the quiet, residential atmosphere. The area is ideal for those seeking a suburban lifestyle with modern amenities.

Silver Lake

Average Rent

$1,528/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

3/100

Units Available

179 Rentals

Silver Lake, a well-established community, features a variety of homes and apartments. Residents benefit from being near schools, shopping, and Silver Lake itself, offering plenty of outdoor recreation opportunities. Its suburban allure and strategic location make it perfect for families.

River Pointe-Masonboro Commons

Average Rent

$1,529/Month

Year-Over-Year Rent Change

5.7%

TransitScore® Rating

0/100

Units Available

22 Rentals

River Pointe-Masonboro Commons is an affordable neighborhood in Wilmington with an average rent price of $1,529. Compare this to the city average of $1,332. In the past year, rent prices have increased by 5.7%. River Pointe-Masonboro Commons provides easy access to Wilmington International, S & P Town Center, and Cape Fear C.C., North Campus. It’s a car-dependent neighborhood with a WalkScore® of 34.

Bayshore

Average Rent

$1,547/Month

Year-Over-Year Rent Change

3.7%

TransitScore® Rating

0/100

Units Available

52 Rentals

Bayshore offers picturesque waterfront views of the Intracoastal Waterway. It’s a peaceful, suburban escape with easy access to marinas and parks, ideal for outdoor enthusiasts who enjoy boating and fishing yet still want to stay close to urban conveniences.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.