$2,650 Per Month
- 2 Beds
- 2 Baths
- 1,208 Sq Ft
- Condo for Rent
640 Village Park Dr Unit 302, Wilmington, NC 28405
640 Village Park Dr Unit 302, Wilmington, NC 28405
Frequently Asked Questions
How much does it cost to rent a condo in Wilmington, NC?
The median rent for a condo in Wilmington, NC is $1,450 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Wilmington, NC?
To comfortably afford the median rent in Wilmington, NC, a household needs to earn roughly $79,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,995 per month in Wilmington, NC, renters typically need to show $5,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Wilmington, NC?
In Wilmington, NC, the price-to-rent ratio is 18.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Wilmington, NC are best for renting a condo?
The best neighborhood for renting in Wilmington, NC depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Winter Park, Saint James Village, Pine Valley, Empie Park and North Kerr, each with its own character and price range.
