
Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wilmington area of Wilmington.


206 S 20th St

The Creek

Forest Hills

Total Monthly Price
315 S 5th Ave, Unit #2, Unit #2

Total Monthly Price
Overlook at RiverPlace

Total Monthly Price
Chateau Terrace

Mid Castle

17 Social
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.

Metropolitan at the Riverwalk

923 N 5th Ave

Total Monthly Price
City Block

South Front

709 N 11th St

818 Hanover St

Total Monthly Price
2103 Pender Ave, Unit 1, Unit 1

Total Monthly Price
Flats on Front

826 Hanover 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.

Sawmill Point

Total Monthly Price
Pier 33 Apartments

414 Queen St

609 Nixon St

915 S 10th St

901 Campbell St

Cape Fear Hotel Apartments

The Life at Lakeside Villas

The Studio 17 Apartments
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.

The Terrace Apartments

Riverview

Riverview Apartments

Riverwalk Condominiums

2410 Wrightsville Ave

608 Castle Street

812 S 13th St

2107 Creecy Ave

1404 Church St
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618 S 3rd St

1205 S 7th St

720 Queen 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 | $1,442 | $1,000 | $2,169 |
| Downtown Wilmington 1 Bedroom Apartments | $1,657 | $995 | $3,696 |
| Downtown Wilmington 2 Bedroom Apartments | $1,946 | $995 | $4,201 |
| Downtown Wilmington 3 Bedroom Apartments | $2,670 | $1,446 | $5,769 |
Browse Apartments in this Neighborhood
There are currently 39 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 $1,029. Forest Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. 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 | $1,029 |
| Forest Hills | SOUTHERN PINE | 1BR,1BA | $1,149 |
| Chateau Terrace | 2 Bedroom 1 Bath Deluxe | 2BR,1BA | $1,301 |
| Mid Castle | Royal- A | 1BR,1BA | $1,325 |
| City Block | London | 1BR,1BA | $1,428 |
| 17 Social | A1E | 1BR,1BA | $1,475 |
| Flats on Front | 1A | 1BR,1BA | $1,503 |
| Sawmill Point | Alamosa | 1BR,1BA | $1,520 |
Best Value Apartments for Rent in Downtown Wilmington, NC
As of April 29, 2026 the best value apartment in the Downtown Wilmington area is the $1.17 price per square foot 2 Bedroom 1 Bath Model at Chateau Terrace in the in the Carolina Heights neighborhood starting from $1,346. The second greatest value Downtown Wilmington apartment is the 2103 Pender Ave Model at 2103 Pender Ave, Unit 1 starting at $1,495 with a $1.50 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. |
|---|---|---|---|
| Chateau Terrace | 2 Bedroom 1 Bath | 2BR,1BA | $1.17 |
| 2103 Pender Ave, Unit 1 | 2103 Pender Ave | 2BR,2BA | $1.50 |
| Metropolitan at the Riverwalk | B7B | 2BR,2BA | $2.18 |
| South Front | Billie Holiday | 1BR,1.5BA | $2.00 |
| Sawmill Point | Alamosa | 1BR,1BA | $1.90 |
| 17 Social | A1E | 1BR,1BA | $1.91 |
| City Block | London | 1BR,1BA | $2.03 |
| Forest Hills | SOUTHERN PINE | 1BR,1BA | $1.87 |
| Mid Castle | Abbey - B | Studio ,1BA | $2.49 |
| The Creek | IVY | Studio ,1BA | $2.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 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 $1,520.
What is the price of a cheap apartment in Downtown Wilmington?
The cheapest apartment in Downtown Wilmington is The Creek which is listed at $1,029, while the average apartment in Downtown Wilmington costs $1,945.
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 8 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 $208 which is $1,737 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.