Cheap Apartments for Rent in Myrtle Beach, SC from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in Myrtle Beach.

property at 1340 US-501

$1,006 - $1,199

1 Bedroom Rentals

Available Now

1340 US-501

Myrtle BeachSC29577

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Coastal Exchange
Rent Specials
$1,196 - $2,187
Total Monthly Price

Total Monthly Price

Base Rent
$1,196 - $2,187
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Coastal Exchange

5895 Arbor Isle WayMyrtle Beach, SC 29577
Eco-Friendly
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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.

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property at 508 29th Ave N

$1,295

2 Bedroom Rentals

Available Now

508 29th Ave N

Myrtle BeachSC29577
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Flintlake
Rent Specials
$1,301 - $1,766
Total Monthly Price

Total Monthly Price

Base Rent
$1,301 - $1,766
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1 to 3 Bedroom Apartments Available Now

Flintlake

650 W Flintlake CtMyrtle Beach, SC 29579
Pet Friendly
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Cash 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.

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Myrtle Beach's Best Affordable Neighborhoods

Learn about Myrtle Beach and the best places to live with original content written by our Local Expert Vicki Shivers

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Eastwood Commons
2 Bedroom Apartments

Eastwood Commons

6100 Frontage RdMyrtle Beach, SC 29577
  • Utilities Included
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2711 S Ocean Blvd
Studio to 4 Bedroom Apartments

2711 S Ocean Blvd

2711 S Ocean BlvdMyrtle Beach, SC 29577
Corporate Housing
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Ocean Escape Condos
2 to 3 Bedroom Apartments

Ocean Escape Condos

1400 S Ocean BlvdMyrtle Beach, SC 29577

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.

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Myrtle Beach, SC Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Myrtle Beach, SC

Pricing Updated: 05/30/2026

Current apartment rentals in the Myrtle Beach, SC area range in price from $800 to $7,624 with an overall median price of $2,890. The three Myrtle Beach neighborhoods with the lowest median rent pricing are Downtown Myrtle Beach at $800, Palmetto Glen - PineCrest at $1,107, and Wellington at $1,107. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Myrtle Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Myrtle Beach$1,658$80090
Palmetto Glen - PineCrest$1,750$1,107124
Wellington$1,845$1,107111
Kiskadee Parke$1,895$89690
Park West$1,909$95088
Coldstream Cove$1,924$1,34916
Fox Horn$2,046$1,132149
Walkers Woods$2,222$850421
Linksbrook$6,289$1,07551
South Myrtle Beach$7,362$1,075108

Cheapest Available Myrtle Beach Apartments for Rent

 

The cheapest available apartment rental in Myrtle Beach, SC is a 1 Bed unit found at Claypond Commons in the Fox Horn neighborhood priced from $1,077. Carolina Breeze Apartments in the Downtown Myrtle Beach neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Myrtle Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Claypond CommonsThe Waterway1BR,1BA$1,077
Carolina Breeze Apartments1x1 (Breeze) Standard- Call For Availability1BR,1BA$1,100
403 14th Avenue South-1/11BR,1BA$1,100
The Edge ApartmentsStudioStudio,1BA$1,150
Cape LandingThe Hatteras1BR,1BA$1,187
Coastal ExchangeStudioStudio,1BA$1,196
Blue PalmettoSmall Studio - Oceanside w/BalconyStudio,1BA$1,200
The Cloisters Apartments1Bed/1Bath1BR,1BA$1,200
The Laurent at Carolina ForestThe Pier1BR,1BA$1,206
River Landing1 Bedroom Reno 6851BR,1BA$1,214

Best Value Apartments for Rent in Myrtle Beach, SC

As of May 30, 2026 the best value apartment in the Myrtle Beach area is the $1.27 price per square foot The Legend Townhome Model at Moorland Reserve Townhomes in the in the Fox Horn neighborhood starting from $1,995. The second greatest value Myrtle Beach apartment is the Tern Model at The Landings at Grande Dunes starting at $2,150 with a $1.44 price per square foot . Here is today’s list of the best values for Myrtle Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Moorland Reserve TownhomesThe Legend Townhome3BR,2BA$1.27
The Landings at Grande DunesTern3BR,2BA$1.44
The Veranda at Market CommonsBrig3BR,2BA$1.27
Reserve at Ridgewood PlantationTHREE BEDROOM - RENOVATED3BR,2BA$1.19
Palmetto Pointe Apartment HomesThe Chesterfield3BR,2BA$1.29
The Brixley at Carolina ForestSolaris3BR,3BA$1.02
Garden Grove TownhomesCoastline3BR,2BA$1.32
Building 11 at Briarcliffe CommonsBeacon2BR,2BA$1.22
Latitude at the Commons2 Bed, 2 Bath A (80% Income Restricted)2BR,2BA$1.34
The Pointe at Myrtle BeachPalm2BR,2BA$1.43

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Myrtle Beach Overview

Sometimes known as the “northernmost city in Florida,” Myrtle Beach is a popular vacation destination that attracts more than 14 million visitors a year. With only 30,000 permanent residents, it’s been compared to living in a small town with big city accommodations like hospitals and transportation. According to the 2010 Census, Myrtle Beach is the ninth-fastest-growing city in the US, with a projected 7,000 new households to be added from 2012 to 2017. Apartments in Myrtle Beach can allow you to enjoy the beach bum life right by the coast, or give you a chance to retire and downsize for a simpler life in the sun.

Why live in Myrtle Beach, SC?

With its mild weather, warm waters, and endless sandy beaches, Myrtle Beach is a popular vacation spot for a reason. Why not make these things a part of your everyday life by coming here to stay? The southern charm, the history, the seafood, and the many attractions are just the tip of the iceberg of what makes Myrtle Beach such a great place to live. You may soon find that you don’t miss baking in 90 percent humidity or shoveling the snow off your driveway every winter. Instead, you’ll enjoy the vacation life year-round.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Myrtle Beach, SC Area Reviews

  • Parks
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  • Cost of Living
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Gianna • 2+ years in Myrtle Beach

April 23, 2026

Love it here and still live here because it is so amazing! Total must visit!

VickiLynn • 4+ years in Myrtle Beach

March 5, 2025

I have loved living in Myrtle Beach for the past 40 years. The area offers so much to see and do and the ever-changing entertainment options make it such a fun place to live. It has the perfect location on the beach, affordable living options, great schools and universities, and of course plenty of outdoor things to explore.

Frequently Asked Questions about Cheap Myrtle Beach Apartments

What is a cheap apartment in Myrtle Beach?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Myrtle Beach is under $1,214.

What is the price of a cheap apartment in Myrtle Beach?

The cheapest apartment in Myrtle Beach is Claypond Commons which is listed at $1,077, while the average apartment in Myrtle Beach costs $2,890.

What types of apartments are the cheapest in Myrtle Beach?

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 13 regular apartments in Myrtle Beach 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 Myrtle Beach?

Cheap apartments in Myrtle Beach have an average cost of $418 which is $2,472 cheaper than the average rent for all rentals in Myrtle Beach.

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

decorative image for Local Experts Guide to Affordable Neighborhoods in Myrtle Beach, SC article

Local Experts Guide to Affordable Neighborhoods in Myrtle Beach, SC

Written by: Vicki Shivers

Hey, y’all, I'm Vicki, your ApartmentHomeLiving.com Local Expert for Myrtle Beach, SC.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.