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Average Rent in New Hanover, NC

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Current Versus Historical New Hanover, NC Rents

New Hanover rentals average $695,000 for a studio rental to $2,800 for a 4-bedroom rental. The median price of all currently available listings is $2,204, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $681,967 (22,482.42%) year-over-year from $3,033 to $685,000. 1-bedroom rentals prices have increased by $311 (24.16%) year-over-year from $1,287 to $1,598. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $1,628 to $1,628. 3-bedroom rentals prices have decreased by $200 (-9.52%) year-over-year from $2,100 to $1,900. 4-bedroom rentals prices have decreased by $350 (-11.86%) year-over-year from $2,950 to $2,600. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 199.04% this month. 1-bedroom rents have gone up by 10.77% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 2.15% this month. 4-bedroom rents have gone down by 3.70% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $307.39 $685,000 $3,033 (22,482.42%) $2,500 (27,300.00%)
1 BR $2.50 $1,598 $1,287 (24.16%) $1,070 (49.28%)
2 BR $1.44 $1,628 $1,628 (0.00%) $1,442 (12.90%)
3 BR $1.50 $1,900 $2,100 (-9.52%) $1,665 (14.11%)
4+ BR $1.40 $2,600 $2,950 (-11.86%) $2,367 (9.86%)

Historical Rents in New Hanover, NC

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New Hanover



Let's compare New Hanover, NC's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near New Hanover



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near New Hanover

The average rent for rentals in these counties is $1,700. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Onslow, NC. It's average rent per month is $1,700. Vice versa, with an average rent of $1,700, Onslow, NC is the most expensive county by New Hanover, NC.

Typically, rent for studios in New Hanover, NC is 28.78% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New Hanover, NC is 41.99% more expensive than other counties nearby. Finally, rent for two bedrooms in New Hanover, NC is 28.13% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Onslow, NC $495,000 $833 $1,150 $1,700

Top Zipcodes Near New Hanover

There is one zipcode in or near New Hanover, NC. The average rent for this zipcode is $1,713.

The following chart includes the zipcode in or near New Hanover, NC. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
28540, Onslow County, NC $475,000 $775 $1,150 $1,713

Frequently Asked Questions - New Hanover Average Rents

What is the average rent price in New Hanover, NC?
The average monthly rental price for New Hanover, NC apartments for rent is approximately $2,204. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do New Hanover, NC rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in New Hanover, NC.
How much is a studio apartment in New Hanover, NC?
The average monthly rental price for studio apartments is $695,000 and an average price per square feet of $307.39. There are a total of 15 studio apartment listings currently available for rent in New Hanover.
How much is a one bedroom apartment in New Hanover, NC?
The average monthly rental price for one bedroom apartments is $1,435 and an average price per square feet of $2.50. There are a total of 6 one bedroom apartment listings currently available for rent in New Hanover.
How much is a two bedroom apartment in New Hanover, NC?
The average monthly rental price for two bedroom apartments is $1,600 and an average price per square feet of $1.44. There are a total of 15 two bedroom apartment listings currently available for rent in New Hanover.
How have rent prices in New Hanover, NC changed this year?
Rent prices for rentals in New Hanover, NC can fluctuate yearly. Specifically, studio rental prices have changed by 224.82%, one bedroom rental prices have changed by 0.24%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by -0.10% year-over-year.
What is a reasonable rent price in New Hanover, NC?
A reasonable rent price in New Hanover, NC is around $1,763/month. You can search for these reasonably priced rental listings on RentHop.
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