
Cheap Homes for Rent in Downtown Wilmington Neighborhood of Wilmington, NC from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Wilmington area of Wilmington.


317 Queen St

1107 S 2nd St

1101 S 8th St

718 Queen St
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.

709 N 11th St

826 Hanover St

907 Dock St

504 Brunswick St

812 S 5th Ave
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.
Downtown Wilmington, Wilmington, NC Local Guide

How much does it cost to rent a home in Downtown Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Wilmington 2 Bedroom Homes for Rent | $1,652 | $1,250 | $2,450 |
| Downtown Wilmington 3 Bedroom Homes for Rent | $2,211 | $1,400 | $3,500 |
| Downtown Wilmington 4 Bedroom Homes for Rent | $2,175 | $1,750 | $2,900 |
| Downtown Wilmington 5 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Wilmington Neighborhood of Wilmington, NC.
Explore Wilmington
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 Forest Hills priced from $1,099. Chateau Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,216. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Hills | SOUTHERN PINE | 1BR,1BA | $1,099 |
| Chateau Terrace | 2 Bedroom 1.5 Bath | 2BR,1BA | $1,216 |
| The Creek | JASMINE | 2BR,2BA | $1,270 |
Best Value Apartments for Rent in Downtown Wilmington, NC
As of June 10, 2026 the best value apartment in the Downtown Wilmington area is the $1.73 price per square foot Banister Model at Sawmill Point in the in the Carolina Heights neighborhood starting from $1,995. The second greatest value Downtown Wilmington apartment is the Athens Model at City Block starting at $1,719 with a $1.70 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. |
|---|---|---|---|
| Sawmill Point | Banister | 2BR,2BA | $1.73 |
| City Block | Athens | 2BR,2BA | $1.70 |
| The Creek | JASMINE | 2BR,2BA | $1.49 |
| 17 Social | A1E | 1BR,1BA | $1.99 |
| Chateau Terrace | 1 Bedroom 1 Bath | 1BR,1BA | $1.63 |
| 714 S 5th Ave, Unit B | 714 S 5th Ave | 1BR,1BA | $2.14 |
| Forest Hills | SOUTHERN PINE | 1BR,1BA | $1.79 |
| Flats on Front | 1A | 1BR,1BA | $2.50 |
| Metropolitan at the Riverwalk | S1A - Studio | Studio ,1BA | $2.49 |
| Mid Castle | Abbey - B | Studio ,1BA | $2.49 |
Frequently Asked Questions about Downtown Wilmington
What type of rentals are currently available in Downtown Wilmington?
There are currently 97 Apartments for Rent in Downtown Wilmington, NC with pricing that ranges from $995 to $5,769. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Wilmington ranging from $1,250 to $3,600.
What is the current price range for Rental Homes in Downtown Wilmington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Wilmington ranges from $1,250 to $3,600 with an average monthly rent of $2,387.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.