
Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wilmington area of Wilmington.


The Pearl & The Jewel

304 1/2 Marstellar St

718 S 5th Ave

306 N 11th St

219 S 7th St
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.

417 N 5th Ave, Unit 417 N 5th Ave #1

217 S 7th St

210 Red Cross St

724 S 5th Ave

Chateau Terrace

Overlook at RiverPlace

214 Red Cross St
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.

Forest Hills

Mid Castle

Metropolitan at the Riverwalk

South Front

17 Social
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.

206 S 20th St

215 Gores Row

1009 Orange St
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.

301 S 13th 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 | $1,436 | $1,035 | $1,923 |
| Downtown Wilmington 1 Bedroom Apartments | $1,549 | $995 | $3,231 |
| Downtown Wilmington 2 Bedroom Apartments | $1,924 | $1,050 | $4,553 |
| Downtown Wilmington 3 Bedroom Apartments | $1,622 | $1,299 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 30 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 Studio unit found at The Creek priced from $985. The Pearl & The Jewel has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Creek | IVY | Studio,1BA | $985 |
| The Pearl & The Jewel | RUBY | 1BR,1BA | $995 |
| Cargo North | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Chateau Terrace | 1 Bedroom 1 Bath | 1BR,1BA | $1,180 |
| Overlook at RiverPlace | 6 | Studio,1BA | $1,199 |
| Forest Hills | WILLOW | 2BR,1BA | $1,215 |
| Mid Castle | Abbey - B | Studio,1BA | $1,225 |
| Metropolitan at the Riverwalk | S1A - Studio | Studio,1BA | $1,247 |
Best Value Apartments for Rent in Downtown Wilmington, NC
As of October 27, 2025 the best value apartment in the Downtown Wilmington area is the $1.55 price per square foot 2E Model at Flats on Front in the in the Carolina Heights neighborhood starting from $1,990. The second greatest value Downtown Wilmington apartment is the WILLOW Model at Forest Hills starting at $1,215 with a $1.30 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 | 2E | 2BR,2BA | $1.55 |
| Forest Hills | WILLOW | 2BR,1.5BA | $1.30 |
| City Block | Barcelona | 1BR,1BA | $1.86 |
| Sawmill Point | Alamosa | 1BR,1BA | $1.68 |
| 17 Social | A1E | 1BR,1BA | $1.81 |
| Chateau Terrace | 1 Bedroom 1 Bath | 1BR,1BA | $1.57 |
| 417 N 5th Ave, Unit 417 N 5th Ave #1 | 417 N 5th Ave | 1BR,1BA | $1.57 |
| Overlook at RiverPlace | 6 | Studio ,1BA | $2.17 |
| 308 Kenwood Ave, Unit A | 308 Kenwood Ave | 1BR,1BA | $1.86 |
| Cargo North | 1BR/1.0BA | 1BR,1BA | $2.10 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
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!
Getting Around the Downtown Wilmington Neighborhood in Wilmington, NC
Walk Score®
85 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
31 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Wilmington Apartments
What is the Cheapest Studio apartment in Downtown Wilmington?
Currently the most affordable Cheap Studio Apartment in Downtown Wilmington is at The Creek listed at $985.
How much is rent for a Cheap One Bedroom Downtown Wilmington Apartment?
The lowest price for a Cheap One Bedroom Downtown Wilmington Apartment is $995 at The Pearl & The Jewel.
What is the lowest price for a Cheap Two Bedroom Downtown Wilmington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Wilmington is starting from $1,099 at The Creek.
What is the most affordable Downtown Wilmington Three Bedroom Apartment?
The best deal on a cheap Downtown Wilmington Three Bedroom Apartment rental is at The Creek and starts from $1,299.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.







