Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (29 Rentals)

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

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.

property at 607 S 11th St

607 S 11th St

WilmingtonNC28401

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.

property at 1704 Church St

1704 Church St

WilmingtonNC28403
property at 301 S 13th St

301 S 13th St

WilmingtonNC28401

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Riverview
1 Bedroom Apartments

Riverview

212 Red Cross StWilmington, NC 28401
property at 206 S 20th St

206 S 20th St

WilmingtonNC28403
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Mid Castle
Studio Apartments

Mid Castle

1102 Castle StWilmington, NC 28401
  • Utilities Included
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Cargo North
1 Bedroom Apartments

Cargo North

514 S 17th StWilmington, NC 28401
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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 1 Bed unit found at The Pearl & The Jewel priced from $995. The Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,029. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:

Apartment ListingModel NameBed/BathPriced From
The Pearl & The JewelRUBY1BR,1BA$995
The CreekAZALEA1BR,1BA$1,029
The Terrace Apartments214 Red Cross1BR,1BA$1,050
Osprey LandingTide1BR,1BA$1,095
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1,180
Riverview ApartmentsTwo Bedroom - 3rd Floor2BR,1BA$1,249
Avalon of WilmingtonOne Bedroom- The AspenStudio,1BA$1,275
Sawmill PointAlamosa1BR,1BA$1,369

Best Value Apartments for Rent in Downtown Wilmington, NC

As of June 12, 2025 the best value apartment in the Downtown Wilmington area is the $1.55 price per square foot B2D Model at The Helmsman in the in the South Side neighborhood starting from $1,799. The second greatest value Downtown Wilmington apartment is the Banister Model at Sawmill Point starting at $1,995 with a $1.73 price per square foot in the South Side 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.
The HelmsmanB2D2BR,2BA$1.55
Sawmill PointBanister2BR,2BA$1.73
Overlook at RiverPlace102BR,2.5BA$1.94
City BlockMilan2BR,2BA$1.71
Riverview ApartmentsTwo Bedroom - 3rd Floor2BR,1BA$1.56
Osprey LandingTide1BR,1BA$1.42
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1.57
The CreekAZALEA1BR,1BA$1.62
417 N 5th Ave, Unit 4417 N 5th Ave1BR,1BA$1.66
The Terrace Apartments214 Red Cross1BR,1BA$2.00

Quick Rent Budget Calculator

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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 Pearl & The Jewel listed at $995.

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 $1,149 at Osprey Landing.

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 $1,445.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.