Cheap Homes for Rent in New Hanover County, NC from $700 (67 Rentals)

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

property at 705 Ann St

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190
Total Monthly Price
$1,190

2 Bedroom, 1 Bath Townhome for Rent

Available Now

705 Ann St

WilmingtonNC28401
property at 522 S Kerr Ave

$1,250 - $1,500

2 Bedroom Rentals

Available Now

522 S Kerr Ave

WilmingtonNC28403

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
property at 618 Harnett St

$1,300

3 Bedroom Rentals

Available Aug 5

618 Harnett St

WilmingtonNC28401

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 4212 Winding Branches Dr

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

3 Bedroom, 2 Bath Townhome for Rent

Available Now

4212 Winding Branches Dr

WilmingtonNC28412

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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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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property at 959 Downey Branch Ln

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

959 Downey Branch Ln

WilmingtonNC28403
property at 321 S Kerr Ave

$1,650 - $1,950

2 To 3 Bedroom Rentals

Available Now

321 S Kerr Ave

WilmingtonNC28403

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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Showing Results 1-50, Page 1 of 2

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. Hanover Landing Apartments in the Creekwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. 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
Hanover Landing Apartments1 BD W/D1BR,1BA$985
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$996
Starway Village1BR1BR,1BA$1,047
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$1,050
Wilmington Commons ApartmentsA11BR,1BA$1,050
Abbotts RunWrightsville-Granite1BR,1BA$1,080
Bonnet CtSTUDIO1BR,1BA$1,096
Lofts of WilmingtonA1P - Dogwood1BR,1BA$1,100
Antiqua ApartmentsArdenStudio,1BA$1,111

Best Value Apartments for Rent in New Hanover County, NC

As of July 15, 2026 the best value apartment in the New Hanover County area is the $0.61 price per square foot Derby (Elevation II) Model at Elevation South in the in the Lincoln Forest neighborhood starting from $939. The second greatest value New Hanover County apartment is the Catawba Exterior Model at Townes at Park Place starting at $1,949 with a $1.29 price per square foot in the Pine Valley East 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.
Elevation SouthDerby (Elevation II)4BR,4BA$0.61
Townes at Park PlaceCatawba Exterior3BR,2.5BA$1.29
The Reserve at Forest HillsForest Hills - Chardonnay3BR,3BA$1.15
Forest HillsMAGNOLIA3BR,2BA$1.14
Bellingham ParkC1S - Sunroom3BR,2BA$1.31
Chateau Terrace2 Bedroom 1.5 Bath2BR,1.5BA$1.14
The Park at Three Oaks ApartmentsMajestic2BR,2BA$1.31
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 New Hanover County

What type of rentals are currently available in New Hanover County?

There are currently 426 Apartments for Rent in New Hanover County, NC with pricing that ranges from $675 to $6,050. There are also 234 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Hanover County ranging from $749 to $6,400.

What is the current price range for Rental Homes in New Hanover County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Hanover County ranges from $749 to $6,400 with an average monthly rent of $2,979.

How much are larger Three and Four Bedroom Rentals in New Hanover County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Hanover County range from $715 to $6,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $4,850. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $939.

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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.