Cheap Apartments for Rent in Wilmington, NC from $500 (79 Rentals)

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

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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Chateau Terrace
Rent Specials
$1,051 - $1,316
Total Monthly Price

Total Monthly Price

Base Rent
$1,051 - $1,316
Total Monthly Price
$1,051 - $1,316
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

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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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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Cape Harbor
Rent Specials
$1,269 - $4,864
Total Monthly Price

Total Monthly Price

Base Rent
$1,269 - $4,864
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Cape Harbor

7113 Cape Harbor DrWilmington, NC 28411
Corporate Housing
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  • Customer Reviewed
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The Willow
Rent Specials
$1,289 - $3,577
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $3,577
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Willow

414 Mill Creek CtWilmington, NC 28403
Corporate Housing
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  • Customer Reviewed
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Glenmeade Village
$1,294 - $1,569
Total Monthly Price

Total Monthly Price

Base Rent
$1,294 - $1,569
Total Monthly Price
$1,294 - $1,569
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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Quail Forest Apartments
1 to 3 Bedroom Apartments

Quail Forest Apartments

608 Montclair DrWilmington, NC 28403
  • 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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Wilmington, NC Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Wilmington, NC

Pricing Updated: 08/19/2026

Current apartment rentals in the Wilmington, NC area range in price from $715 to $6,050 with an overall median price of $1,735. The three Wilmington neighborhoods with the lowest median rent pricing are RiverMist at $1,075, Creekwood at $1,454, and Inlet Point Harbor at $1,500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
RiverMist$1,075$1,0752
Creekwood$1,454$71594
Inlet Point Harbor$1,500$1,15937
Myrtle Grove$1,500$1,15952
River Pointe Masonboro Commons$1,500$1,15933
Sea Breeze$1,500$1,15937
The Cape Cypress Island$1,500$1,15937
Lincoln Forest$1,539$715227
UNC Wilmington$1,547$715172
Cape Fear Country Club$1,553$939174

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, 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 Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elevation Student LivingDerby (Elevation II)4BR,4BA$939
Elevation SouthDerby A (Elevation II)4BR,4BA$949
Hanover Landing Apartments1 BD W/D1BR,1BA$985
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$996
Villas at Echo EastA2601BR,1BA$1,047
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$1,050
Wilmington Commons ApartmentsA11BR,1BA$1,050
The Pines of Wilmington ApartmentsOne Bedroom - Luxury1BR,1BA$1,100
Osprey LandingTide1BR,1BA$1,170
Braxton PlaceAirlie1BR,1BA$1,189

Best Value Apartments for Rent in Wilmington, NC

As of August 19, 2026 the best value apartment in the Wilmington area is the $1.29 price per square foot Catawba Exterior Model at Townes at Park Place in the in the Pine Valley East neighborhood starting from $1,949. The second greatest value Wilmington apartment is the B4 Model at St. Andrews Reserve starting at $1,588 with a $1.26 price per square foot in the Shipyard Plaza neighborhood. Here is today’s list of the best values for Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Park PlaceCatawba Exterior3BR,2.5BA$1.29
St. Andrews ReserveB42BR,2BA$1.26
The Nest at 49553x33BR,3BA$0.75
Chateau Terrace2 Bedroom 1.5 Bath2BR,1.5BA$1.14
Briarcliff VillasCreswell3BR,2BA$1.33
Hampton Place2 Beds, 1.5 Baths2BR,1.5BA$1.28
The Park at Three Oaks ApartmentsMajestic2BR,2BA$1.30
Bonnet Ct2 Bedoom 2 Bathoom2BR,2BA$1.26
Seahawk Cove3x3 Deluxe3BR,3BA$0.75
Shipyard at WilmingtonThe Tide1BR,1BA$1.28

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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Quick Rent Budget Calculator

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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Wilmington Overview

A coastal post city in the great state of North Carolina, Wilmington is a progressive city known for its scenic beauty and thriving arts community. Officially designated as a 'Coast Guard City', the city is home to a number of ships and other war memorials, as well as a wide range of impressive historic homes and sprawling estates.

Why live in Wilmington, NC?

Known among film fans as 'Hollywood East', apartments for rent in Wilmington offer close proximity not only to the famous Screen Gems Studios (ground zero for hit shows such as 'Dawson's Creek' and 'One Tree Hill'), but also an impressive myriad of cultural destinations, ranging from art galleries to museums. Add to that a jaw-dropping coastal view, and you have a North Carolina city well worthy of your consideration.

Pet Friendly Lifestyle
Wilmington, NC

Ranked #7

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Wilmington, NC Rentals by Map

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See the most popular apartments and homes in Wilmington, NC

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Frequently Asked Questions about Cheap Wilmington Apartments

What is a cheap apartment in Wilmington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wilmington is under $1,189.

What is the price of a cheap apartment in Wilmington?

The cheapest apartment in Wilmington is Hanover Landing Apartments which is listed at $985, while the average apartment in Wilmington costs $1,735.

What types of apartments are the cheapest in Wilmington?

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 228 regular apartments in Wilmington 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 Wilmington?

Cheap apartments in Wilmington have an average cost of $310 which is $1,425 cheaper than the average rent for all rentals in Wilmington.

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

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.

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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.

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

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.