Cheap Homes for Rent in Downtown Wilmington Neighborhood of Wilmington, NC from $1,200 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 705 Ann St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

705 Ann St

WilmingtonNC28401

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.

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.

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 ListingModel NameBed/BathPriced From
Forest HillsSOUTHERN PINE1BR,1BA$1,099
Chateau Terrace2 Bedroom 1.5 Bath2BR,1BA$1,216
The CreekJASMINE2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sawmill PointBanister2BR,2BA$1.73
City BlockAthens2BR,2BA$1.70
The CreekJASMINE2BR,2BA$1.49
17 SocialA1E1BR,1BA$1.99
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1.63
714 S 5th Ave, Unit B714 S 5th Ave1BR,1BA$2.14
Forest HillsSOUTHERN PINE1BR,1BA$1.79
Flats on Front1A1BR,1BA$2.50
Metropolitan at the RiverwalkS1A - StudioStudio ,1BA$2.49
Mid CastleAbbey - BStudio ,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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.