
Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wilmington area of Wilmington.


The Creek

705 Ann St

Total Monthly Price
Chateau Terrace

Forest Hills

Total Monthly Price
Overlook at RiverPlace

Mid Castle
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.

17 Social

Sawmill Point

828 Campbell St

South Front

Total Monthly Price
City Block

609 Nixon St

Metropolitan at the Riverwalk
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.

Cape Fear Hotel Apartments

The Life at Lakeside Villas

The Studio 17 Apartments

The Terrace Apartments

Riverview

Riverview Apartments

317 Queen St
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.

1107 S 2nd St

721 Chestnut St

Riverwalk Condominiums

723 Chestnut St

1101 S 8th St

Flats on Front

608 Castle Street
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.

907 Dock St
Downtown Wilmington, Wilmington, NC Local Guide

How much does it cost to rent an apartment in Downtown Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Wilmington Studio Apartments | $1,328 | $1,000 | $1,784 |
| Downtown Wilmington 1 Bedroom Apartments | $1,736 | $995 | $3,227 |
| Downtown Wilmington 2 Bedroom Apartments | $1,982 | $1,216 | $3,887 |
| Downtown Wilmington 3 Bedroom Apartments | $2,338 | $1,450 | $5,769 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Downtown Wilmington Neighborhood of Wilmington, NC.
See all Apartments in WilmingtonExplore Wilmington
Downtown Wilmington, Wilmington, NC Local Guide
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Cheapest Available Downtown Wilmington Apartments for Rent
 The cheapest available apartment rental in the Downtown Wilmington area of Wilmington, NC is a 1 Bed unit found at The Creek priced from $1,044. Chateau Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,216. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Creek | AZALEA | 1BR,1BA | $1,044 |
| Chateau Terrace | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,216 |
| Forest Hills | WILLOW | 2BR,1BA | $1,230 |
| Mid Castle | Royal- A | 1BR,1BA | $1,325 |
| South Front | Judy Garland | 1BR,1BA | $1,449 |
| Metropolitan at the Riverwalk | A1A | 1BR,1BA | $1,606 |
| 17 Social | A1E | 1BR,1BA | $1,620 |
| Pier 33 Apartments | Fisher | 1BR,1BA | $1,769 |
| Sawmill Point | Banister | 2BR,2BA | $2,000 |
| Flats on Front | 3B Den | 3BR,2BA | $2,898 |
Best Value Apartments for Rent in Downtown Wilmington, NC
As of June 17, 2026 the best value apartment in the Downtown Wilmington area is the $1.79 price per square foot 3B Den Model at Flats on Front in the in the Carolina Heights neighborhood starting from $2,898. The second greatest value Downtown Wilmington apartment is the Banister Model at Sawmill Point starting at $1,979 with a $1.72 price per square foot in the Carolina Heights neighborhood. Here is today’s list of the best values for Downtown Wilmington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Flats on Front | 3B Den | 3BR,2BA | $1.79 |
| Sawmill Point | Banister | 2BR,2BA | $1.72 |
| Chateau Terrace | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.16 |
| Forest Hills | WILLOW | 2BR,1.5BA | $1.32 |
| 17 Social | A1E | 1BR,1BA | $2.10 |
| Metropolitan at the Riverwalk | A1A | 1BR,1BA | $2.36 |
| The Creek | AZALEA | 1BR,1BA | $1.64 |
| Pier 33 Apartments | Airlie | Studio ,1BA | $3.07 |
| Mid Castle | Abbey - B | Studio ,1BA | $2.49 |
| South Front | Judy Garland | 1BR,1BA | $2.69 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Wilmington, NC. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, places to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Wilmington Apartments
What is the price of a cheap apartment in Downtown Wilmington?
The cheapest apartment in Downtown Wilmington is Overlook at RiverPlace which is listed at $1,305, while the average apartment in Downtown Wilmington costs $1,902.
What types of apartments are the cheapest in Downtown 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 1 regular apartments in Downtown 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 Downtown Wilmington?
Cheap apartments in Downtown Wilmington have an average cost of $252 which is $1,650 cheaper than the average rent for all rentals in Downtown 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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.