Last updated
Average Rent in Wilmington 28405 & Rent Trends
Rent prices and market trends across 1 apartment community in Wilmington 28405, Wilmington NC. Updated daily.
Market Average
$1,360/mo
Lowest Available
$1,194/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
20
available now
Wilmington 28405 vs Wilmington NC Average
Wilmington 28405 is cheaper the Wilmington NC average by $54/mo (4%). The citywide average is $1,414/mo across all neighborhoods.
Is Rent Going Up or Down in Wilmington 28405?
As of May 2026, the average rent in Wilmington 28405 is $1,360 per month across 1 apartment community and 20 available units.
The most affordable option is Deerbrook starting at $1,194/mo. By unit type, a 1-bedroom averages $1,239/mo, a 2-bedroom averages $1,349/mo, a 3-bedroom averages $1,777/mo.
Prices range from $1,194 to $1,777 per month. The most common price point is the $1,200 range, where 11 units are currently listed.
Wilmington 28405 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Wilmington 28405
Rent Prices by Apartment in Wilmington 28405
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Deerbrook | $1,194/mo | $1,360/mo | 20 | 4.7 |
Google Search Trends for Wilmington 28405 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Wilmington 28405
What is the average rent in Wilmington 28405?
Is rent going up or down in Wilmington 28405?
What is the cheapest apartment in Wilmington 28405?
How much is a 1-bedroom apartment in Wilmington 28405?
How many apartments are available in Wilmington 28405?
What salary do I need to live comfortably in Wilmington 28405?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$54,000/year
30 percent rule -- using our average rent of $1,360/mo.
Comfortable income
$65,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,194/mo), you need to earn at least $48,000/year.
Cost of living in Wilmington 28405
We only have live rent data for Wilmington 28405 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,360 |
| Estimated total | $1,360/mo |
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 are refreshed annually.
Explore Wilmington 28405 Apartments
Browse all 1 communities with daily-updated pricing and availability.