Zumper

518 Grace St
518 Grace St, Wilmington, NC 28401, USA

Apartment for rent
Cat friendly
Monthly rent
$900
BedsStudio
Baths1
Sqft–
modified
Updated 1 Day Ago

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Less expensive
  • Elementary school nearby

Great for

  • Social life
  • Pet owners
  • Work-from-home

Units

518 Grace St Wilmington, NC

New Listing

C

Studio

1 Bath

$900

Listed on 07/30/2026
Listed by Francisco Umana
Days on market: 1
Located off 5th and Grace, this lovely microunit is in trendy downtown and convenient to a host of employment opportunities, dining, shopping, the acclaimed downtown River Walk, the Wilson Performing Arts Studio, Battlefront Park and the list goes on! There is a covered porch at the entry. 10' Ceilings make for a very spacious feel to this home. Bedroom loft, cozy sitting area, spacious kitchen, and stackable washer/dryer. Water/sewer/trash are included in the rent! Washer/dryer are included in the rent! Professionally Managed by Cotton Property Management

New Listing

Studio, 1 Bath

Studio

1 Bath

$900

Listed on 07/29/2026
Listed by Francisco Umana
Days on market: 2
Located off 5th and Grace, this lovely microunit is in trendy downtown and convenient to a host of employment opportunities, dining, shopping, the acclaimed downtown River Walk, the Wilson Performing Arts Studio, Battlefront Park and the list goes on! There is a covered porch at the entry. 10' Ceilings make for a very spacious feel to this home. Bedroom loft, cozy sitting area, spacious kitchen, and stackable washer/dryer. Water/sewer/trash are included in the rent! Washer/dryer are included in the rent! Professionally Managed by Cotton Property Management

Occupied Units

Occupied

2 Beds, 1 Bath

2 Beds

1 Bath

$1,545

Listed by Francisco Umana
Days on market: 533
Located off 5th and Grace, this home is in primetime downtown and convenient to a host of employment opportunities, dining, shopping, the acclaimed downtown River Walk, the Wilson Performing Arts Studio, Battlefront Park and the list goes on! Entrance to this historic home is through a covered porch and up a stairwell. 10' Ceilings make for a very spacious feel to this home. Split floor plan with bedrooms on either side of living area. Breakfast nook adjoins kitchen with stackable washer/dryer and new cabinetry. Water/sewer/trash are included in the rent! Washer/dryer are included in the rent! Professionally Managed by Cotton Property Management Representative Agent of Homeowner

Amenities for 518 Grace St

Some units at this address have these amenities. View unit details for more information.

Building
  • Cats Ok
  • On-Site Management
  • Outdoor Space
Unit Amenities
  • In-Unit Laundry
  • Assigned Parking
  • Air Conditioning
  • Ceiling Fan

Policies at 518 Grace St

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Dog Policy

Not allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 518 Grace St

HomeApartments in WilmingtonDowntown Wilmington 518 Grace St #C, Wilmington, NC 28401, USA

Interested in leasing 518 Grace St, Wilmington, NC 28401, USA? Currently, 518 Grace St, Wilmington, NC 28401, USA is available to rent or lease. It is a studio apartment with 1 bathroom. Below, you can compare the rent price at 518 Grace St, Wilmington, NC 28401, USA vs overall rent prices in Downtown Wilmington, NC. We have compiled nearby businesses and things to do close to 518 Grace St, Wilmington, NC 28401, USA.

Address details

Units3
Units available2
Neighborhood
City
Zip code28401

518 Grace St #C is great for:

Social life

  • 151 restaurants within 1 mile of this property
  • 99 museums, art galleries, or cultural centers within 1 mile
  • 40 local event hubs within 1 mile
  • Area has 16 parks and recreation options

Pet owners

  • Outdoor spaces are available at this property
  • 8 pet supply stores near the property
  • 2 pet grooming services nearby

Work-from-home

  • High speed internet is an amenity
  • 1 coworking space or cafe within 1 mile
  • 2 office supply stores within 1 mile
  • 1 internet service provider option nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 518 Grace St, Wilmington, NC 28401, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away

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Rent trends in Wilmington

Studio apartments at 518 Grace St #C cost about 41% less than the average rent price for studios in Downtown Wilmington.

Median rents as of Jul 25 2026.
Downtown Wilmington
Wilmington
A table of studio rental data trends in Wilmington
MonthMedian Rent
August 2024$1,347
September 2024$1,298
October 2024$1,287
November 2024$1,319
December 2024$1,314
January 2025$1,403
February 2025$1,420
March 2025$1,236
April 2025$996
May 2025$1,129
June 2025$1,392
July 2025$1,463
August 2025$1,405
September 2025$1,377
October 2025$1,294
November 2025$1,372
December 2025$1,286
January 2026$1,339
February 2026$1,397
March 2026$1,385
April 2026$1,375
May 2026$1,324
June 2026$1,250
July 2026$1,250
A table of studio rental data trends in Downtown Wilmington
MonthMedian Rent
August 2024$1,466
September 2024$1,328
October 2024$1,412
November 2024$1,350
December 2024$1,365
January 2025$1,527
February 2025$1,466
March 2025$1,419
June 2025$1,455
July 2025$1,422
August 2025$1,451
September 2025$1,390
October 2025$1,428
November 2025$1,413
December 2025$1,356
January 2026$1,410
February 2026$1,458
March 2026$1,471
April 2026$1,333
May 2026$1,482
June 2026$1,447
July 2026$1,520

Affordability calculator

Can I afford to live at 518 Grace St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$36,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this studio median monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 518 Grace St, Wilmington, NC.
2 years ago$1,5452 bed1 bath
2 years ago$850Studio1 bath
2 years ago$850Studio0 bath
3 years ago$1,5002 bed1 bath
3 years ago$1,5002 bed1 bath
3 years ago$1,5002 bed1 bath

Schools near 518 Grace St #C

The International School at Gregory

1106 ann st

wilmington, NC, 28401

K-8Public
B

D.C. Virgo Preparatory Academy

813 nixon st

wilmington, NC, 28401

K-8Public
D-

Snipes Academy of Arts & Design

2150 chestnut st

wilmington, NC, 28405

K-5Public
C+

Lake Forest Academy

1802 s 15th st

wilmington, NC, 28401

K-8Public
C+

Career Readiness Academy at Mosley Plc

3702 princess place dr

wilmington, NC, 28405

PK, 6-12Public
B-
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Neighborhood

Downtown Wilmington | Wilmington, NC

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Wilmington near 518 Grace St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 518 Grace St, Wilmington

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Nightlife

6/10
Some bars within walking distance

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dogs ok
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Downtown Wilmington • 518 Grace St

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