Cheap Apartments for Rent in Wilmington, NC from $500 (83 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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Cape Harbor
Rent Specials
$1,244 - $2,009
Total Monthly Price

Total Monthly Price

Base Rent
$1,244 - $2,009
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
  • 3D Tour

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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Glenmeade Village
$1,294 - $1,569
Total Monthly Price

Total Monthly Price

Base Rent
$1,294 - $1,569
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Glenmeade Village

1518 Village DrWilmington, NC 28401
Senior Living
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  • Customer Reviewed
  • Utilities Included
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Chateau Terrace
Rent Specials
$1,296 - $1,401
Total Monthly Price

Total Monthly Price

Base Rent
$1,296 - $1,401
Total Monthly Price
$1,296 - $1,401
Studio to 3 Bedroom Apartments Available Now

Chateau Terrace

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

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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Canterbury Woods
$1,300 - $1,685
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,685
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Canterbury Woods

2320 Canterwood DrWilmington, NC 28401
Outdoors
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  • Utilities Included
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Quail Forest Apartments
1 to 3 Bedroom Apartments

Quail Forest Apartments

608 Montclair DrWilmington, NC 28403
  • 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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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: 07/04/2026

Current apartment rentals in the Wilmington, NC area range in price from $699 to $6,050 with an overall median price of $2,278. The three Wilmington neighborhoods with the lowest median rent pricing are River Pointe Masonboro Commons at $1,196, South Side at $995, and Creekwood at $715. 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$1,580$1,19634
South Side$1,650$99514
Creekwood$1,755$715108
Cape Fear Country Club$1,799$939185
Lincoln Forest$1,805$715230
Wrightsboro$1,808$1,03044
UNC Wilmington$1,814$699166
Hightsville$1,832$1,15839
College Acres$1,861$699104
Murraysville$1,875$1,08470

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. Egret Pointe Apartment Homes in the Brunswick County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $982. 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
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$982
Hanover Landing Apartments1 BD W/D1BR,1BA$985
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$996
Hawthorne at New Centre1 Bed 1 and Half Bath Classic1BR,1BA$1,006
Starway Village1BR1BR,1BA$1,047
Wilmington Commons ApartmentsA11BR,1BA$1,050
Harbor Station Townhomes1x1 Garden Standard - Call For Availability1BR,1BA$1,050
Crosswinds111BR,1BA$1,075
Bonnet CtSTUDIO1BR,1BA$1,096

Best Value Apartments for Rent in Wilmington, NC

As of July 05, 2026 the best value apartment in the Wilmington area is the $1.31 price per square foot The McKinley Model at Overlook at Jackeys Creek in the in the Brunswick County neighborhood starting from $2,052. The second greatest value Wilmington 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 Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overlook at Jackeys CreekThe McKinley3BR,2BA$1.31
Townes at Park PlaceCatawba Exterior3BR,2.5BA$1.29
Forest HillsMAGNOLIA3BR,2BA$1.14
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
Canterbury Woods3 Bedroom Garden3BR,2BA$1.32
Cypress Grove ApartmentsThree Bedrom Two Bath Garden3BR,2BA$1.28
Chateau Terrace2 Bed 1.5 Bath Townhome2BR,1.5BA$1.16
The Flats at LelandThe Leland2BR,2BA$1.30
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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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 $1,096.

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 $2,278.

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 285 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 $274 which is $2,004 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

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.

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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.

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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.

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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.