Cheap Apartments for Rent in Myrtle Beach, SC from $500 (60 Rentals)

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

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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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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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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Flintlake
$1,301 - $1,766
Total Monthly Price

Total Monthly Price

Base Rent
$1,301 - $1,766
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Flintlake

650 W Flintlake CtMyrtle Beach, SC 29579
Outdoors
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Coastal Exchange
Rent Specials
$1,337 - $2,304
Total Monthly Price

Total Monthly Price

Base Rent
$1,337 - $2,304
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Coastal Exchange

5895 Arbor Isle WayMyrtle Beach, SC 29577
Eco-Friendly
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property at 508 29th Ave N

$1,375

2 Bedroom Rentals

Available Now

508 29th Ave N

Myrtle BeachSC29577

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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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
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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.

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Myrtle Beach, SC Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Myrtle Beach, SC

Pricing Updated: 04/15/2026

Current apartment rentals in the Myrtle Beach, SC area range in price from $850 to $8,972 with an overall median price of $2,580. The three Myrtle Beach neighborhoods with the lowest median rent pricing are Downtown Myrtle Beach at $850, Palmetto Glen - PineCrest at $1,073, and Wellington at $1,073. 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$1,644$85092
Palmetto Glen - PineCrest$1,669$1,073123
Wellington$1,775$1,073105
Coldstream Cove$1,869$1,28029
Park West$1,932$925118
Linksbrook$1,957$1,07559
Kiskadee Parke$2,002$894154
Walkers Woods$2,008$850390
Fox Horn$2,039$994207
South Myrtle Beach$8,911$1,07591

Cheapest Available Myrtle Beach Apartments for Rent

 

The cheapest available apartment rental in Myrtle Beach, SC is a 1 Bed unit found at Latitude at the Commons in the Palmetto Glen - PineCrest neighborhood priced from $872. Canterbury Apartments in the Kiskadee Parke neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Myrtle Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Latitude at the Commons1 Bed, 1 Bath A Upgraded (50% Income Restricted)1BR,1BA$872
Canterbury ApartmentsBeach Chic Oxford1BR,1BA$999
Carolina Breeze Apartments1x1 (Breeze) Standard- Call For Availability1BR,1BA$1,000
Cape LandingThe Cape1BR,1BA$1,073
Claypond CommonsThe Waterway2BR,2BA$1,119
Palmetto Pointe Apartment HomesThe Berkeley1BR,1BA$1,150
The Edge ApartmentsStudioStudio,1BA$1,150
Lively Grande DunesThe Riviera | StudioStudio,1BA$1,162
The Laurent at Carolina ForestThe Pier1BR,1BA$1,165
The Cloisters Apartments1Bed/1Bath1BR,1BA$1,200

Best Value Apartments for Rent in Myrtle Beach, SC

As of April 15, 2026 the best value apartment in the Myrtle Beach area is the $1.37 price per square foot The Legend Townhome Model at Moorland Reserve Townhomes in the in the Fox Horn neighborhood starting from $2,140. The second greatest value Myrtle Beach apartment is the Magnolia Model at Bell's Lake Townes starting at $1,649 with a $1.13 price per square foot in the Walkers Woods neighborhood. 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$1.37
Bell's Lake TownesMagnolia3BR,2.5BA$1.13
ABODE Carolina ForestCORA2BR,2.5BA$1.44
Reserve at Ridgewood PlantationTHREE BEDROOM - RENOVATED3BR,2BA$1.19
The Brixley at Carolina ForestNova3BR,3BA$1.19
Building 11 at Briarcliffe CommonsBeacon2BR,2BA$1.22
Latitude at the Commons2 Bed, 2 Bath B Upgraded (80% Income Restricted)2BR,2BA$1.29
FlintlakeTidewater2BR,2BA$1.25
The Collins Apartment HomesTwo Bedroom Two Bathroom +2BR,2BA$1.40
Canterbury ApartmentsBeach Chic Oxford1BR,1BA$1.33

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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.

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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!

Explore Myrtle Beach, SC Rentals by Map

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See the most popular apartments and homes in Myrtle Beach, SC

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Myrtle Beach, SC Area Reviews

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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 $1,200.

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

The cheapest apartment in Myrtle Beach is Latitude at the Commons which is listed at $872, while the average apartment in Myrtle Beach costs $2,580.

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 21 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 $304 which is $2,276 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

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.