518 Grace St
WilmingtonNC28401
Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wilmington area of Wilmington.
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Rent Specials
$1,060 - $1,605Studio to 3 Bedroom Apartments Available Now
The Creek
2247 Wrightsville AveWilmington, NC 28403
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$1,100
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
409 Farrows Aly
409 Farrows AlyWilmington, NC 28401
705 Ann St
WilmingtonNC28401
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$1,196 - $1,401
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,196 - $1,401
Total Monthly Price
$1,196 - $1,401
Chateau Terrace
1201 Columbus CirWilmington, NC 28403
106 S 21st St
WilmingtonNC28403
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$1,325 - $1,685Studio to 2 Bedroom Apartments Available Now
Mid Castle
1102 Castle StWilmington, NC 28401
1933 Moss St
WilmingtonNC28403
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,385 - $3,5171 to 2 Bedroom Apartments Available Now
Sawmill Point
1015 Nutt StWilmington, NC 28401
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Rent Specials
$1,400 - $2,591Studio to 2 Bedroom Apartments Available Now
17 Social
1625 S 17th StWilmington, NC 28401
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$1,430 - $1,7751 to 3 Bedroom Apartments Available Aug 14
Forest Hills
505 Alpine DrWilmington, NC 28403
408 S 7th St
WilmingtonNC28401
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Rent Specials
$1,522 - $4,6091 to 2 Bedroom Apartments Available Aug 26
South Front
1400 S 2nd StWilmington, NC 28401
609 Nixon St
WilmingtonNC28401
104 S 21st St
WilmingtonNC28403
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Studio to 2 Bedroom Apartments
Cape Fear Hotel Apartments
119-121 Chestnut StWilmington, NC 28401
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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1 to 3 Bedroom Apartments
The Life at Lakeside Villas
1519 Lake Branch DrWilmington, NC 28401
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Studio to 2 Bedroom Apartments
The Pearl & The Jewel
411 Wooster StWilmington, NC 28401
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Studio to 1 Bedroom Apartments
Cargo North
514 S 17th StWilmington, NC 28401
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Studio to 2 Bedroom Apartments
The Terrace Apartments
214 Red Cross StWilmington, NC 28401
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1 Bedroom Apartments
Riverview
212 Red Cross StWilmington, NC 28401
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Studio to 2 Bedroom Apartments
Riverview Apartments
211 Red Cross StWilmington, NC 28401
618 Harnett St
WilmingtonNC28401
214 S 13th St
WilmingtonNC28401
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
1222 S 6th St
WilmingtonNC28401
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Studio to 1 Bedroom Apartments
Riverwalk Condominiums
212 S Water StWilmington, NC 28401
723 Chestnut St
WilmingtonNC28401
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Studio to 2 Bedroom Apartments
Overlook at RiverPlace
14 Grace StWilmington, NC 28401
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2 Bedroom Apartments
608 Castle Street
608 Castle StWilmington, NC 28401
1009 S 6th St
WilmingtonNC28401
1115 S 9th St
WilmingtonNC28401
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1 to 3 Bedroom Apartments
Flats on Front
1045 N Front StWilmington, NC 28401
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.
315 S 15th St
WilmingtonNC28401
Showing Results 1-33, Page 1 of 1
Downtown Wilmington, Wilmington, NC Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Wilmington Studio Apartments | $1,472 | $900 | $2,169 |
| Downtown Wilmington 1 Bedroom Apartments | $1,694 | $1,069 | $3,448 |
| Downtown Wilmington 2 Bedroom Apartments | $2,050 | $1,300 | $4,609 |
| Downtown Wilmington 3 Bedroom Apartments | $2,321 | $1,499 | $5,769 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 33 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
- Nearby Wilmington neighborhoods
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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 2 Beds unit found at Chateau Terrace priced from $1,301. Mid Castle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chateau Terrace | 2 Bedroom 1 Bath Deluxe | 2BR,1BA | $1,301 |
| Mid Castle | Royal- A | 1BR,1BA | $1,325 |
| 17 Social | S1A | Studio,1BA | $1,375 |
| Sawmill Point | Alamosa | 1BR,1BA | $1,420 |
| The Creek | CAMELLIA | 3BR,2BA | $1,480 |
| Flats on Front | 1A | 1BR,1BA | $1,533 |
| Metropolitan at the Riverwalk | A1A | 1BR,1BA | $1,551 |
| Pier 33 Apartments | Azalea | Studio,1BA | $1,639 |
Best Value Apartments for Rent in Downtown Wilmington, NC
As of August 08, 2026 the best value apartment in the Downtown Wilmington area is the $1.05 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 $1,895. The second greatest value Downtown Wilmington apartment is the C1L - Loft Model at Metropolitan at the Riverwalk starting at $3,527 with a $2.82 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. |
|---|---|---|---|
| 114 S 5th Ave, Unit UP | 114 S 5th Ave | 3BR,1BA | $1.05 |
| Metropolitan at the Riverwalk | C1L - Loft | 3BR,3BA | $2.82 |
| Sawmill Point | Banister | 2BR,2BA | $1.80 |
| Chateau Terrace | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.14 |
| The Creek | CAMELLIA | 3BR,2BA | $1.40 |
| 30 N Front St, Unit 2 | 30 N Front St | 2BR,2BA | $2.44 |
| Flats on Front | 1A | 1BR,1BA | $2.59 |
| 17 Social | S1A | Studio ,1BA | $2.41 |
| Mid Castle | Abbey - B | Studio ,1BA | $2.49 |
| 409 Farrows Aly | 409 Farrows Aly | 1BR,1BA | $2.44 |
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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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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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 a cheap apartment in Downtown Wilmington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Wilmington is under $1,639.
What is the price of a cheap apartment in Downtown Wilmington?
The cheapest apartment in Downtown Wilmington is Mid Castle which is listed at $1,325, while the average apartment in Downtown Wilmington costs $1,639.
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 7 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 $365 which is $1,274 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.
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.