Cheap Homes for Rent in Downtown Wilmington Neighborhood of Wilmington, NC from $1,400 (17 Rentals)

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

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.

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property at 311 N 2nd St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available May 1

311 N 2nd St, Unit D

311 N 2nd St
WilmingtonNC28401

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 318 Wright St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

3 Bedroom, 2 Bath Home for Rent

Available Now

318 Wright St

WilmingtonNC28401

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property at 619 N 4th St

$1,750

2 Bedroom Rentals

Available Now

619 N 4th St

WilmingtonNC28401
Showing Results 1-17, Page 1 of 1

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
Forest HillsSOUTHERN PINE2BR,1BA$1,199
Mid CastleAbbey - BStudio,1BA$1,225
Chateau Terrace2 Bedroom 1 Bath Deluxe2BR,1BA$1,235

Best Value Apartments for Rent in Downtown Wilmington, NC

As of March 10, 2026 the best value apartment in the Downtown Wilmington area is the $1.11 price per square foot 114 S 5th Ave Model at 114 S 5th Ave, Unit UP in the in the South Side neighborhood starting from $1,995. The second greatest value Downtown Wilmington apartment is the 8A Model at Overlook at RiverPlace starting at $2,539 with a $1.98 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.
114 S 5th Ave, Unit UP114 S 5th Ave3BR,1BA$1.11
Overlook at RiverPlace8A2BR,2.5BA$1.98
Chateau Terrace2 Bedroom 1 Bath2BR,1BA$1.20
City BlockMilan2BR,2BA$1.71
17 Market St, Unit 17-D Market St.17 Market St1BR,1BA$1.41
Sawmill PointAlamosa1BR,1BA$1.72
17 SocialA1E1BR,1BA$2.03
417 N 5th Ave, Unit 417 N 5th Ave #1417 N 5th Ave1BR,1BA$1.42
The CreekAZALEA1BR,1BA$1.62
Forest HillsSOUTHERN PINE1BR,1BA$1.95

Frequently Asked Questions about Downtown Wilmington

What type of rentals are currently available in Downtown Wilmington?

There are currently 100 Apartments for Rent in Downtown Wilmington, NC with pricing that ranges from $995 to $3,815. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Wilmington ranging from $1,475 to $3,500.

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 $1,475 to $3,500 with an average monthly rent of $2,195.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.