Cheap Homes for Rent in Wilmington, NC from $700 (23 Rentals)

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

property at 8228 Lantana Ln

$1,000 - $2,150

1 To 3 Bedroom Rentals

Available Now

8228 Lantana Ln

WilmingtonNC28411
property at 705 Ann St

$1,190

Total Monthly Price

Total Monthly Price

Base Rent
$1,190

Total Monthly Price
$1,190

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 522 S Kerr Ave

$1,200 - $1,500

2 Bedroom Rentals

Available Now

522 S Kerr Ave

WilmingtonNC28403

Wilmington, NC Local Guide

Cheapest Neighborhoods for Apartments in Wilmington, NC

Pricing Updated: 06/20/2026

Current apartment rentals in the Wilmington, NC area range in price from $799 to $3,600 with an overall median price of $2,848. The three Wilmington neighborhoods with the lowest median rent pricing are Sea Breeze at $1,999, The Cape Cypress Island at $1,999, and River Pointe Masonboro Commons at $1,800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sea Breeze$1,999$1,9992
The Cape Cypress Island$1,999$1,9992
River Pointe Masonboro Commons$2,025$1,8005
RiverMist$2,300$2,0742
Murraysville$2,400$1,8009
Wrightsboro$2,475$1,3503
Bayshore$2,500$1,0004
Figure Eight Island$2,500$2,5001
Kirkland$2,500$1,0006
Kings Grant$2,547$1,35013

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, NC is a 4 Beds unit found at Elevation Student Living in the Lincoln Forest neighborhood priced from $939. 34 North Apartments in the Windemere neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elevation Student LivingDerby (Elevation II)4BR,4BA$939
34 North Apartments1X1 CLASSIC1BR,1BA$950
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$982
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$996
Hanover Landing Apartments1 BD W/D1BR,1BA$999

Best Value Apartments for Rent in Wilmington, NC

As of June 20, 2026 the best value apartment in the Wilmington area is the $1.17 price per square foot The McKinley Model at Overlook at Jackeys Creek in the starting from $1,832. The second greatest value Wilmington apartment is the Derby (Elevation II) Model at Elevation South starting at $939 with a $0.61 price per square foot in the Lincoln Forest neighborhood. Here is today’s list of the best values for Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overlook at Jackeys CreekThe McKinley3BR,2BA$1.17
Elevation SouthDerby (Elevation II)4BR,4BA$0.61
Forest HillsMAGNOLIA3BR,2BA$1.18
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
Chateau Terrace2 Bed 1.5 Bath Townhome2BR,1.5BA$1.16
The Flats at LelandThe Leland2BR,2BA$1.28
Elevation Student LivingBrighton (Elevation)2BR,2BA$1.00
Seahawk Cove3x3 Deluxe3BR,3BA$0.75
Shipyard at WilmingtonThe Tide1BR,1BA$1.28
34 North Apartments1X1 CLASSIC1BR,1BA$1.25

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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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 #6

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 429 Apartments for Rent in Wilmington, NC with pricing that ranges from $675 to $6,050. There are also 236 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wilmington ranging from $799 to $7,200.

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 $799 to $7,200 with an average monthly rent of $2,287.

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 $715 to $6,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,850 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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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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.

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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.