
Cheap Apartments for Rent in the Lagoon Island Neighborhood of Atlantic City, NJ from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lagoon Island area of Atlantic City.


Virginia Arms Apartments

15 N Windsor Ave

16 N Iowa Ave

The High Gate
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Carlton Apartments

Beachview Residences

Tennessee Green

Best of Life Park Apartments

700 N Harrisburg Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

33 S North Carolina Ave

The Heritage Communities

The Showboat Residences

Venice Park Apartments

Annapolis Gardens
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Dream Bay Condos
Lagoon Island, Atlantic City, NJ Local Guide

How much does it cost to rent an apartment in Lagoon Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lagoon Island Studio Apartments | $1,694 | $1,117 | $2,814 |
| Lagoon Island 1 Bedroom Apartments | $1,818 | $1,200 | $4,697 |
| Lagoon Island 2 Bedroom Apartments | $1,934 | $1,034 | $4,500 |
| Lagoon Island 3 Bedroom Apartments | $2,624 | $1,596 | $5,489 |
| Lagoon Island 4 Bedroom Apartments | $9,366 | $2,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Lagoon Island Neighborhood of Atlantic City, NJ.
See all Apartments in Atlantic CityExplore Atlantic City
Lagoon Island, Atlantic City, NJ Local Guide
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Cheapest Available Lagoon Island Apartments for Rent
 The cheapest available apartment rental in the Lagoon Island area of Atlantic City, NJ is a 1 Bed unit found at Virginia Arms Apartments priced from $1,340. Chelsea Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable Lagoon Island apartments for rent in Atlantic City, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Virginia Arms Apartments | 1 Bedroom | 1BR,1BA | $1,340 |
| Chelsea Village | 1BR/1BA | 1BR,1BA | $1,400 |
| The Showboat Residences | 1 Bedroom | 1BR,2BA | $1,475 |
| 600 NoBe at North Beach | Bungalow E1 | 1BR,1BA | $1,575 |
| Charles Drew Court Apartments | Townhome | 3BR,1BA | $1,950 |
Best Value Apartments for Rent in Lagoon Island, NJ
As of March 02, 2026 the best value apartment in the Lagoon Island area is the $1.96 price per square foot Townhome Model at Charles Drew Court Apartments in the in the Chelsea View neighborhood starting from $2,350. The second greatest value Lagoon Island apartment is the 1 Bedroom Model at The Showboat Residences starting at $1,475 with a $1.67 price per square foot in the Venice Park neighborhood. Here is today’s list of the best values for Lagoon Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Charles Drew Court Apartments | Townhome | 4BR,1.5BA | $1.96 |
| The Showboat Residences | 1 Bedroom | 1BR,2BA | $1.67 |
| 1930 Magellan Ave, Unit B | 1930 Magellan Ave | 2BR,1BA | $2.13 |
| 20 S Bellevue Ave, Unit Apartment 2 | 20 S Bellevue Ave | 2BR,1BA | $1.88 |
| 1932 Magellan Ave, Unit Apt B | 1932 Magellan Ave | 2BR,1BA | $2.39 |
| 600 NoBe at North Beach | Bungalow E1 | 1BR,1BA | $2.25 |
| Virginia Arms Apartments | 1 Bedroom | 1BR,1BA | $2.06 |
| 101 N New Jersey Ave, Unit 101A | 101 N New Jersey Ave | 1BR,1BA | $2.33 |
| Chelsea Village | 1BR/1BA | 1BR,1BA | $2.66 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleLagoon Island, Atlantic City, NJ
Ranked #4
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lagoon Island, Atlantic City, NJ
Texas Avenue Elementary School
Atlantic City High School
Dr M L King Jr School Comp
School data provided by Great Schools
Frequently Asked Questions about Cheap Lagoon Island Apartments
What is the price of a cheap apartment in Lagoon Island?
The cheapest apartment in Lagoon Island is Virginia Arms Apartments which is listed at $1,340, while the average apartment in Lagoon Island costs $7,044.
What types of apartments are the cheapest in Lagoon Island?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Lagoon Island that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lagoon Island?
Cheap apartments in Lagoon Island have an average cost of $178 which is $6,866 cheaper than the average rent for all rentals in Lagoon Island.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.