Cheap Apartments for Rent in Wilmington, NC from $500 (90 Rentals)

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

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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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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Chateau Terrace
Rent Specials
$1,196 - $1,446
Total Monthly Price

Total Monthly Price

Base Rent
$1,196 - $1,446
Total Monthly Price
$1,196 - $1,446
Studio to 3 Bedroom Apartments Available Now

Chateau Terrace

1201 Columbus CirWilmington, NC 28403
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Cape Harbor
Rent Specials
$1,225 - $1,965
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,965
Total Monthly Price
$1,225 - $1,965
1 to 3 Bedroom Apartments Available Now

Cape Harbor

7113 Cape Harbor DrWilmington, NC 28411
Corporate Housing
  • 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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Glenmeade Village
$1,294 - $1,619
Total Monthly Price

Total Monthly Price

Base Rent
$1,294 - $1,619
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Glenmeade Village

1518 Village DrWilmington, NC 28401
Senior Living
  • Verified
  • Utilities Included
  • 3D Tour

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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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: 05/20/2026

Current apartment rentals in the Wilmington, NC area range in price from $765 to $6,150 with an overall median price of $2,225. The three Wilmington neighborhoods with the lowest median rent pricing are River Pointe Masonboro Commons at $1,159, Creekwood at $765, and UNC Wilmington at $765. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
River Pointe Masonboro Commons$1,625$1,15937
Creekwood$1,650$765138
UNC Wilmington$1,749$765200
Inlet Point Harbor$1,792$1,15932
Sea Breeze$1,792$1,15933
Murraysville$1,800$1,042113
Lincoln Forest$1,819$765284
College Acres$1,839$765113
Kings Grant$1,872$1,04270
Windemere$1,894$765191

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 $949. 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 A (Elevation II)4BR,4BA$949
Elevation SouthDerby A (Elevation II)4BR,4BA$949
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$982
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$999
Hanover Landing Apartments1 BD W/D1BR,1BA$999
Hawthorne at New Centre1 Bed 1 and Half Bath Classic1BR,1BA$1,040
The CreekAZALEA1BR,1BA$1,044
Starway Village1BR1BR,1BA$1,047
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$1,050
Wilmington Commons ApartmentsA11BR,1BA$1,050

Best Value Apartments for Rent in Wilmington, NC

As of May 21, 2026 the best value apartment in the Wilmington area is the $1.17 price per square foot The McKinley Model at Overlook at Jackeys Creek in the starting from $1,832. The second greatest value Wilmington 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 Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overlook at Jackeys CreekThe McKinley3BR,2BA$1.17
Elevation SouthDerby A (Elevation II)4BR,4BA$0.61
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
The Nest at 49553x33BR,3BA$0.79
Chateau Terrace2 Bedroom 1 Bath2BR,1BA$1.17
Hawthorne at LelandThe Strata2BR,2BA$1.28
Deerbrook ApartmentsRenovated Bennett2BR,2BA$1.27
Elevation Student LivingBrighton (Elevation)2BR,2BA$1.00
Seahawk Cove3x3 Deluxe3BR,3BA$0.80
34 North Apartments2X1 CLASSIC2BR,1BA$1.21

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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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 $1,050.

What is the price of a cheap apartment in Wilmington?

The cheapest apartment in Wilmington is Hanover Landing Apartments which is listed at $999, while the average apartment in Wilmington costs $2,225.

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 411 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 $290 which is $1,935 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.