Cheap Homes for Rent in Wilmington, NC from $1,150 (62 Rentals)

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

property at 522 S Kerr Ave
$1,150
2 Bedroom Rentals
Available Now
Affordability

522 S Kerr Ave

WilmingtonNC28403
property at 1933 Moss St
$1,295

Total Monthly Price

Base Rent$1,295

Total Monthly Price$1,295
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1933 Moss St

WilmingtonNC28403

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2732 S 17th St
$1,300 - $1,400

Total Monthly Price

Base Rent$1,300 - $1,400

Total Monthly Price$1,300 - $1,400
3 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

2732 S 17th St

WilmingtonNC28412
  • Smoke Free
property at 2053 Monroe St
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2053 Monroe St, Unit 2055

2053 Monroe St
WilmingtonNC28401
property at 238 N Crestwood Dr
$1,335 - $1,560
1 To 2 Bedroom Rentals
Available Now
Affordability

238 N Crestwood Dr

WilmingtonNC28405

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 4230 Wilshire Blvd
$1,350 - $1,400
2 Bedroom Rentals
Available Now
Affordability

4230 Wilshire Blvd

WilmingtonNC28403

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 4541 Kimberly Way
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
2 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

4541 Kimberly Way, Unit 101

4541 Kimberly Way
WilmingtonNC28403
  • Smoke Free
property at 124 S 11th St
$1,495

Total Monthly Price

Base Rent$1,495

Total Monthly Price$1,495
2 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

124 S 11th St

WilmingtonNC28401
  • Smoke Free
property at 4141 Spirea Dr
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 2 Bath Condo for Rent
Available Now

4141 Spirea Dr, Unit A

4141 Spirea Dr
WilmingtonNC28403
  • Smoke Free

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.

Wilmington, NC Local Guide

Cheapest Neighborhoods for Homes in Wilmington, NC

Pricing Updated: 09/28/2026

Current rental homes in the Wilmington, NC area range in price from $1,150 to $4,500 with an overall median price of $2,199. The three Wilmington neighborhoods with the lowest median rent pricing are Sunset Park at $1,550, Cape Fear Country Club at $1,600, and Shipyard Plaza at $1,650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sunset Park$1,550$1,20022
Cape Fear Country Club$1,600$1,20031
Shipyard Plaza$1,650$1,25014
River Pointe Masonboro Commons$1,697$1,4504
South Side$1,725$1,20015
Creekwood$1,750$1,15047
Lincoln Forest$1,750$1,15032
UNC Wilmington$1,875$1,15052
Northchase$1,895$1,4006
Echo Farms$1,899$1,25011

Best Value Homes for Rent in Wilmington, NC

As of September 28, 2026 the best value rental home in the Wilmington area is the $1.10 price per square foot 7128 Cameron Trace Dr Model at 7128 Cameron Trace Dr in the Murraysville neighborhood starting from $2,595. The second greatest value Wilmington rental home is the 7136 Cameron Trace Dr Model at 7136 Cameron Trace Dr in the Murraysville neighborhood starting at $2,730 with a $1.15 price per square foot. Here is today’s list of the best values for Wilmington homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
7128 Cameron Trace Dr7128 Cameron Trace Dr4BR, 2.5BA$1.10
7136 Cameron Trace Dr7136 Cameron Trace Dr4BR, 2.5BA$1.15
1608 Corbett St1608 Corbett St3BR, 2.5BA$1.02
1537 Corbett St1537 Corbett St3BR, 2.5BA$1.09
1517 Corbett St1517 Corbett St3BR, 2.5BA$1.14
1529 Corbett St1529 Corbett St3BR, 2.5BA$1.05
3759 Summer Bay Trl3759 Summer Bay Trl3BR, 2.5BA$0.98
3762 Summer Bay Trl3762 Summer Bay Trl3BR, 2.5BA$0.98
3766 Summer Bay Trl3766 Summer Bay Trl3BR, 2.5BA$0.97
7291 Bellacroft Dr7291 Bellacroft Dr3BR, 2.5BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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.

Read Article

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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Pet Friendly Lifestyle
Wilmington, NC

Ranked #7

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Wilmington

What type of rentals are currently available in Wilmington?

There are currently 445 Apartments for Rent in Wilmington, NC with pricing that ranges from $799 to $6,997. There are also 231 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wilmington ranging from $1,150 to $6,500.

What is the current price range for Rental Homes in Wilmington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wilmington ranges from $1,150 to $6,500 with an average monthly rent of $2,108.

How much are larger Three and Four Bedroom Rentals in Wilmington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wilmington range from $799 to $6,997, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $939.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for How Commercial-to-Residential Property Conversions Help the Housing Crisis   article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.