Cheap Apartments for Rent in New Hanover County, NC from $600 (97 Rentals)

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

property at 518 Grace St

$900

Studio Rentals

Available Now

518 Grace St

WilmingtonNC28401

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.

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409 Farrows Aly
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
1 Bedroom Apartment Available Now

409 Farrows Aly

409 Farrows AlyWilmington, NC 28401
Affordability

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.

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Clear Run
Rent Specials
$1,181 - $4,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,181 - $4,139
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Clear Run

5300 New Centre DrWilmington, NC 28403
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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The Willow
Rent Specials
$1,200 - $3,533
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $3,533
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Willow

414 Mill Creek CtWilmington, NC 28403
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Glenmeade Village
Rent Specials
$1,294 - $1,569
Total Monthly Price

Total Monthly Price

Base Rent
$1,294 - $1,569
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Glenmeade Village

1518 Village DrWilmington, NC 28401
Senior Living
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  • Customer Reviewed
  • Utilities Included

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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Chateau Terrace
$1,301 - $1,401
Total Monthly Price

Total Monthly Price

Base Rent
$1,301 - $1,401
Total Monthly Price
$1,301 - $1,401
Studio to 3 Bedroom Apartments Available Now

Chateau Terrace

1201 Columbus CirWilmington, NC 28403
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included
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Canterbury Woods
Rent Specials
$1,304 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,304 - $1,689
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Canterbury Woods

2320 Canterwood DrWilmington, NC 28401
Outdoors
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  • Customer Reviewed
  • Utilities Included

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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Cheapest Available New Hanover County Apartments for Rent

 

The cheapest available apartment rental in New Hanover County, NC is a 3 Beds unit found at Elevation Student Living in the Lincoln Forest neighborhood priced from $819. 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 LivingCordova (Enclave)3BR,2BA$819
Elevation SouthDerby A (Elevation II)4BR,4BA$949
Hanover Landing Apartments1 BD W/D1BR,1BA$985
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$996
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$1,050
Wilmington Commons ApartmentsA11BR,1BA$1,050
Lofts of WilmingtonA1R - Dogwood1BR,1BA$1,125
Crosswinds222BR,2BA$1,145
North Chase ApartmentsThe Coastal2BR,2BA$1,185

Best Value Apartments for Rent in New Hanover County, NC

As of August 01, 2026 the best value apartment in the New Hanover County area is the $1.05 price per square foot 114 S 5th Ave Model at 114 S 5th Ave, Unit UP in the in the South Side neighborhood starting from $1,895. The second greatest value New Hanover County apartment is the Derby A (Elevation II) Model at Elevation South starting at $949 with a $0.61 price per square foot in the Lincoln Forest neighborhood. 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.
114 S 5th Ave, Unit UP114 S 5th Ave3BR,1BA$1.05
Elevation SouthDerby A (Elevation II)4BR,4BA$0.61
Townes at Park PlaceCatawba Exterior3BR,2.5BA$1.29
The Reserve at Forest HillsForest Hills - Chardonnay3BR,3BA$1.10
St. Andrews ReserveB42BR,2BA$1.23
Chateau Terrace2 Bedroom 1.5 Bath2BR,1.5BA$1.14
Bonnet Ct2 Bedoom 2 Bathoom2BR,2BA$1.26
Seahawk Cove3x3 Deluxe3BR,3BA$0.75
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 $1,185.

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

The cheapest apartment in New Hanover County is Hanover Landing Apartments which is listed at $985, while the average apartment in New Hanover County costs $3,041.

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 50 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 $191 which is $2,850 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

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

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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