Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (30 Rentals)

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

property at 219 S 7th St

219 S 7th St

WilmingtonNC28401

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.

property at 217 S 7th St

217 S 7th St

WilmingtonNC28401
property at 724 S 5th Ave

724 S 5th Ave

WilmingtonNC28401

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.

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.

property at 206 S 20th St

206 S 20th St

WilmingtonNC28403
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Cargo North
Studio to 1 Bedroom Apartments

Cargo North

514 S 17th StWilmington, NC 28401
  • Utilities Included
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The Terrace Apartments
Studio to 2 Bedroom Apartments

The Terrace Apartments

214 Red Cross StWilmington, NC 28401
  • Utilities Included
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Riverview
1 Bedroom Apartments

Riverview

212 Red Cross StWilmington, NC 28401
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Riverview Apartments
Studio to 2 Bedroom Apartments

Riverview Apartments

211 Red Cross StWilmington, NC 28401
  • Utilities Included

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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Riverwalk Condominiums
Studio to 1 Bedroom Apartments

Riverwalk Condominiums

212 S Water StWilmington, NC 28401
  • Utilities Included
property at 301 S 13th St

301 S 13th St

WilmingtonNC28401

Downtown Wilmington, Wilmington, NC Local Guide

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 ListingModel NameBed/BathPriced From
The CreekIVYStudio,1BA$985
The Pearl & The JewelRUBY1BR,1BA$995
Cargo North1BR/1.0BA1BR,1BA$1,050
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1,180
Overlook at RiverPlace6Studio,1BA$1,199
Forest HillsWILLOW2BR,1BA$1,215
Mid CastleAbbey - BStudio,1BA$1,225
Metropolitan at the RiverwalkS1A - StudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Flats on Front2E2BR,2BA$1.55
Forest HillsWILLOW2BR,1.5BA$1.30
City BlockBarcelona1BR,1BA$1.86
Sawmill PointAlamosa1BR,1BA$1.68
17 SocialA1E1BR,1BA$1.81
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1.57
417 N 5th Ave, Unit 417 N 5th Ave #1417 N 5th Ave1BR,1BA$1.57
Overlook at RiverPlace6Studio ,1BA$2.17
308 Kenwood Ave, Unit A308 Kenwood Ave1BR,1BA$1.86
Cargo North1BR/1.0BA1BR,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.

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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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The 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.

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Quick 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.

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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!

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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.