Cheap Apartments for Rent in New Hanover County, NC from $799 (126 Rentals)

How Many Bedrooms?Done
Price OptionsDone
Price Range
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in New Hanover County.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Chateau Terrace
Rent Specials
$1,051 - $1,401

Total Monthly Price

Base Rent$1,051 - $1,401
Total Monthly Price$1,051 - $1,401
Studio to 3 Bedroom Apartments Available Oct 15

Chateau Terrace

1201 Columbus CirWilmington, NC 28403
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
property at 4752 Seahawk Ct
$1,200 - $1,350
1 Bedroom Rentals
Available Now
Affordability

4752 Seahawk Ct

WilmingtonNC28403

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
property at 2940 Oleander Dr
$1,245 - $1,250
1 Bedroom Rentals
Available Now
Affordability

2940 Oleander Dr

WilmingtonNC28403
close
View Me
The Willow
Rent Specials
$1,251 - $3,441

Total Monthly Price

Base Rent$1,251 - $3,441
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Willow

414 Mill Creek CtWilmington, NC 28403
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Cape Harbor
Rent Specials
$1,266 - $4,824

Total Monthly Price

Base Rent$1,266 - $4,824
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Cape Harbor

7113 Cape Harbor DrWilmington, NC 28411
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 3

Cheapest Available New Hanover County Apartments for Rent

 

The cheapest available apartment rental in New Hanover County, NC is a 4 Beds unit found at Elevation Student Living in the Lincoln Forest neighborhood priced from $939. Elevation South in the Lincoln Forest neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $949. Here is today’s list of the most affordable New Hanover County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elevation Student LivingDerby (Elevation II)4BR, 4BA$939
Elevation SouthDerby A (Elevation II)4BR, 4BA$949
Veterans Park1 Bedoom 1.5 Bathoom1BR, 1BA$996
The Pines of Wilmington ApartmentsOne Bedroom - Upgraded1BR, 1BA$1,025
Villas at Echo EastA2601BR, 1BA$1,047
Coral Garden Apartments1BR/1.0BA1BR, 1BA$1,050
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR, 1BA$1,050
Wilmington Commons ApartmentsA1 Premium Package A1BR, 1BA$1,050
Cypress Pointe Apartment HomesA - The Kure1BR, 1BA$1,084
St. Andrews ReserveA11BR, 1BA$1,102

Best Value Apartments for Rent in New Hanover County, NC

As of September 23, 2026 the best value apartment in the New Hanover County area is the $1.26 price per square foot Azalea Model at Aeris at Avenue One in the Northchase neighborhood starting from $2,579. The second greatest value New Hanover County apartment is the Derby A (Elevation II) Model at Elevation South in the Lincoln Forest neighborhood starting at $949 with a $0.61 price per square foot. Here is today’s list of the best values for New Hanover County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aeris at Avenue OneAzalea4BR, 3.5BA$1.26
Elevation SouthDerby A (Elevation II)4BR, 4BA$0.61
Liberty Landing3 Beds, 2.5 Baths3BR, 2.5BA$1.21
The Nest at 49553x33BR, 3BA$0.75
Hampton Place2 Beds, 1.5 Baths2BR, 1.5BA$1.24
Bonnet Ct2 Bedoom 2 Bathoom2BR, 2BA$1.26
Progress 910B12BR, 2BA$1.28
34 North Apartments2X1 CLASSIC2BR, 1BA$1.21
Elevation Student LivingBurton (Enclave)2BR, 2BA$1.00
Shipyard at WilmingtonThe Tide1BR, 1BA$1.28

Frequently Asked Questions about Cheap New Hanover County Apartments

What is a cheap apartment in New Hanover County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Hanover County is under $1,102.

What is the price of a cheap apartment in New Hanover County?

The cheapest apartment in New Hanover County is Veterans Park which is listed at $996, while the average apartment in New Hanover County costs $1,738.

What types of apartments are the cheapest in New Hanover County?

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 74 regular apartments in New Hanover County 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 New Hanover County?

Cheap apartments in New Hanover County have an average cost of $167 which is $1,571 cheaper than the average rent for all rentals in New Hanover County.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.