Cheap Apartments for Rent in Wilmington, NC from $500 (48 Rentals)

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

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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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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Quail Forest Apartments
1 to 3 Bedroom Apartments

Quail Forest Apartments

608 Montclair DrWilmington, NC 28403
  • Utilities Included

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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River City Studio Homes
Studio Apartments

River City Studio Homes

5040 Market StWilmington, NC 28405
Corporate Housing
  • Utilities Included
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Cargo North
Studio to 1 Bedroom Apartments

Cargo North

514 S 17th StWilmington, NC 28401
  • Utilities Included

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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3002 Pauline Ln
3 Bedroom Apartments

3002 Pauline Ln

3002 Pauline LnWilmington, NC 28405
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St. Andrews Reserve
1 to 3 Bedroom Apartments

St. Andrews Reserve

814 St. Andrews DrWilmington, NC 28412
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The Terrace Apartments
Studio to 2 Bedroom Apartments

The Terrace Apartments

214 Red Cross StWilmington, NC 28401
  • Utilities Included
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Riverview
1 Bedroom Apartments

Riverview

212 Red Cross StWilmington, NC 28401

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: 12/31/2025

Current apartment rentals in the Wilmington, NC area range in price from $729 to $5,040 with an overall median price of $2,328. The three Wilmington neighborhoods with the lowest median rent pricing are Creekwood at $729, Inlet Point Harbor at $999, and Sea Breeze at $999. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Creekwood$1,635$729206
Inlet Point Harbor$1,660$99938
Sea Breeze$1,660$99938
The Cape Cypress Island$1,660$99938
UNC Wilmington$1,681$729303
Lincoln Forest$1,685$729335
Cape Fear Country Club$1,795$819234
Murraysville$1,837$1,119178
Kings Grant$1,850$925153
Windemere$1,850$729306

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, NC is a 1 Bed unit found at Veterans Park in the The Cape Cypress Island neighborhood priced from $859. Hawthorne at New Centre in the Windemere neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$859
Hawthorne at New Centre1 Bed 1 and Half Bath Classic1BR,1BA$896
Villas at Echo EastA21BR,1BA$919
Lofts of WilmingtonA1R - Dogwood1BR,1BA$925
The CreekAZALEA1BR,1BA$975
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$975
Wilmington Commons ApartmentsA11BR,1BA$975
Cargo North1BR/1.0BA1BR,1BA$975
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$982
Antiqua ApartmentsArdenStudio,1BA$986

Best Value Apartments for Rent in Wilmington, NC

As of December 31, 2025 the best value apartment in the Wilmington area is the $1.15 price per square foot Kinston Model at Banton Village in the starting from $2,320. The second greatest value Wilmington apartment is the 114 S 5th Ave Model at 114 S 5th Ave, Unit UP starting at $2,150 with a $1.19 price per square foot in the South Side 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.
Banton VillageKinston4BR,2.5BA$1.15
114 S 5th Ave, Unit UP114 S 5th Ave3BR,1BA$1.19
Vineyard PointeChardonnay3BR,2.5BA$1.29
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
The Nest at 49553x33BR,3BA$0.63
The Flats at LelandThe Leland2BR,2BA$1.29
Bonnet Ct2 Bedoom 2 Bathoom2BR,2BA$1.20
Seahawk Cove3x3 Deluxe3BR,3BA$0.76
Shipyard at WilmingtonThe Tide1BR,1BA$1.19
Sand RidgeAzalea2BR,1.5BA$1.11

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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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 #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 $986.

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 $2,328.

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 462 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 $354 which is $1,974 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!