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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Wilmington & Beyond
Wilmington shares many of the great qualities that make California a desirable place to live.
California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.
There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.
With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.
Rental Market Trends
Wilmington, CA
As of June 2026, Wilmington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Wilmington's average rent is 19.9% ($548) lower than the California average of $2,756 and 22.9% ($411) higher than the U.S. average of $1,797.
Average Rent
$2,208
Monthly ChangeMonth Over Month Change
3.2% ($73)
Yearly ChangeYear Over Year Change
11.1% ($277)
Avg. Days on MarketAverage Days on Market
30
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,635 | 1.6% ($26) | 3.9% ($67) |
| 2 Beds | $2,687 | 3.3% ($92) | 5.5% ($155) |
| 3 Beds | $3,727 | 4% ($157) | 7.1% ($248) |
| Nearby Cities | Average Rent | Avg. Rent vs. WilmingtonAverage Rent vs. Wilmington | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Harbor City | $2,285 | 3.5% ($77) | 35 days |
| San Pedro | $2,427 | 9.9% ($219) | 31 days |
| Lomita | $2,610 | 18.2% ($402) | 33 days |
| Carson | $2,303 | 4.3% ($95) | 35 days |
| Long Beach | $2,230 | 1% ($22) | 33 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Wilmington Rental Market FAQs
Explore rental prices, market trends, and availability in Wilmington, CA.
The average rent in Wilmington, CA is $2,208 per month.
Apartments in Wilmington typically rent for between $1,145 and $4,845 per month, with an average of $2,208 per month.
In Wilmington, the average rent for a 1-bedroom apartment is $1,635 per month, for a 2-bedroom apartment, $2,687 per month, and a 3-bedroom apartment is $3,727 per month.
The average rent in Wilmington is 22.9% ($411) higher than the national average of $1,797 per month.
The average rent in Wilmington has decreased by 3.2% ($73) in the last month and decreased by 11.1% ($277) over the past year.
The rental market in Wilmington, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Wilmington, CA, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 18 rental properties available in Wilmington, CA.
Based on the current averages, a household would need an annual income of $107,480 to comfortably afford a 2-bedroom apartment in Wilmington.
