Cheap Apartments for Rent in Wilmington, NC from $500 (100 Rentals)

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

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Veterans Park
Rent Specials
$859 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$812 - $1,453
Required Monthly Fees
$47
Total Monthly Price
$859 - $1,500
1 to 2 Bedroom Apartments Available Now

Veterans Park

161-102 Halyburton Memorial PkyWilmington, NC 28412
Affordability
  • Verified
  • Customer Reviewed
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The Pearl & The Jewel
$995 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,700
Required Monthly Fees
$50
Total Monthly Price
$995 - $1,750
Studio to 2 Bedroom Apartments Available Now

The Pearl & The Jewel

411 Wooster StWilmington, NC 28401
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

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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The Preserve at Pine Valley
$1,015 - $1,730
Total Monthly Price

Total Monthly Price

Base Rent
$965 - $1,680
Required Monthly Fees
$50
Total Monthly Price
$1,015 - $1,730
1 to 3 Bedroom Apartments Available Now

The Preserve at Pine Valley

3314 Wickslow RdWilmington, NC 28412
Furnished
  • Verified
  • 3D Tour
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Forest Hills
Rent Specials
$1,049 - $1,810
Total Monthly Price

Total Monthly Price

Base Rent
$978 - $1,739
Required Monthly Fees
$71
Total Monthly Price
$1,049 - $1,810
1 to 3 Bedroom Apartments Available Now

Forest Hills

505 Alpine DrWilmington, NC 28403
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Bonnet Ct
Rent Specials
$1,059
Total Monthly Price

Total Monthly Price

Base Rent
$1,049
Required Monthly Fees
$10
Total Monthly Price
$1,059
2 Bedroom Apartments Available Now

Bonnet Ct

245 S Kerr AveWilmington, NC 28403
Cost Per Sq.Ft.
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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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North Chase Apartments
$1,128 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$968 - $1,539
Required Monthly Fees
$160
Total Monthly Price
$1,128 - $1,699
2 to 3 Bedroom Apartments Available Now

North Chase Apartments

3119 Enterprise DrWilmington, NC 28405
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Townes at Prior
$1,230 - $2,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,214 - $2,866
Required Monthly Fees
$16
Total Monthly Price
$1,230 - $2,882
1 to 3 Bedroom Apartments Available Now

Townes at Prior

4830 College RdWilmington, NC 28412
Corporate Housing
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  • 3D Tour
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Overlook at RiverPlace
Rent Specials
$1,239 - $2,659
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,619
Required Monthly Fees
$40
Total Monthly Price
$1,239 - $2,659
Studio to 2 Bedroom Apartments Available Feb 21

Overlook at RiverPlace

14 Grace StWilmington, NC 28401
Pet Friendly
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  • Customer Reviewed
  • 3D Tour
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Comet Scotts Hill
Rent Specials
$1,245 - $2,052
Total Monthly Price

Total Monthly Price

Base Rent
$1,181 - $1,988
Required Monthly Fees
$64
Total Monthly Price
$1,245 - $2,052
1 to 3 Bedroom Apartments Available Now

Comet Scotts Hill

9102 Redfish RunWilmington, NC 28411
Corporate Housing
  • Verified
  • 3D Tour
  • Smoke Free

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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: 02/18/2026

Current apartment rentals in the Wilmington, NC area range in price from $699 to $6,050 with an overall median price of $2,349. The three Wilmington neighborhoods with the lowest median rent pricing are Kings Grant at $925, Creekwood at $699, and Windemere at $699. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Kings Grant$1,700$925125
Creekwood$1,722$699211
Windemere$1,737$699304
Murraysville$1,747$1,065177
Cape Fear Country Club$1,799$819239
RiverMist$1,837$1,2002
Covil Estates$1,849$765201
Hightsville$1,895$995103
Landfall$1,912$1,134113
Mayfaire$1,955$765201

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, NC is a 3 Beds unit found at Elevation Student Living in the Lincoln Forest neighborhood priced from $819. Veterans Park in the The Cape Cypress Island neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $859. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elevation Student LivingCordova (Enclave)3BR,2BA$819
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$859
Hawthorne at New Centre1 Bed 1 and Half Bath Classic1BR,1BA$908
Villas at Echo EastA2- 1 bedroom1BR,1BA$910
Elevation SouthDerby A (Elevation II)4BR,4BA$949
Wilmington Commons ApartmentsA11BR,1BA$975
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$982
The CreekIVYStudio,1BA$985
The Pearl & The JewelRUBY1BR,1BA$995

Best Value Apartments for Rent in Wilmington, NC

As of February 18, 2026 the best value apartment in the Wilmington area is the $1.11 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 $1,995. The second greatest value Wilmington apartment is the Magnolia Model at Glenmeade Village starting at $1,600 with a $1.28 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.
114 S 5th Ave, Unit UP114 S 5th Ave3BR,1BA$1.11
Glenmeade VillageMagnolia3BR,2BA$1.28
Waterleigh at LelandC13BR,2BA$1.30
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
The Nest at 49553x33BR,3BA$0.63
Sand RidgeDayLily2BR,2BA$1.27
Bonnet Ct2 Bedoom 2 Bathoom2BR,2BA$1.06
Seahawk Cove3x3 Deluxe3BR,3BA$0.73
North Chase ApartmentsThe Coastal2BR,2BA$1.28
Villas at Echo EastA2- 1 bedroom1BR,1BA$1.22

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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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 #6

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 $995.

What is the price of a cheap apartment in Wilmington?

The cheapest apartment in Wilmington is Veterans Park which is listed at $859, while the average apartment in Wilmington costs $2,349.

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 383 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 $338 which is $2,011 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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.