
Cheap Homes for Rent in Wilmington, NC from $700 (23 Rentals)
Search the lowest-cost Homes available for rent right now in Wilmington.


4750 Seahawk Ct

8228 Lantana Ln

2940 Oleander Dr

705 Ann St

4220 Wilshire Blvd

5566 Sycamore 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.

207 Sunn Aire Ct

214 S 13th St

721 Chestnut St

1107 S 2nd St

2026 N Kerr Ave

Furnished Studio-Wilmington - West

1101 S 8th St
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.

828 Campbell St

723 Chestnut St

305 St Rosea Rd

5069 Peachtree Ave, Unit A

5069 Peachtree Ave, Unit A

825 Montclair Dr

907 Dock St
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.

5138 Greenville Loop Rd

522 S Kerr Ave
Wilmington, NC Local Guide

How much does it cost to rent a home in Wilmington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wilmington 2 Bedroom Homes for Rent | $1,780 | $1,190 | $2,900 |
| Wilmington 3 Bedroom Homes for Rent | $2,252 | $1,295 | $6,500 |
| Wilmington 4 Bedroom Homes for Rent | $2,986 | $1,850 | $7,200 |
| Wilmington 5 Bedroom Homes for Rent | $2,793 | $2,450 | $3,600 |
Browse Top Homes for Rent in Wilmington
Explore Wilmington
Wilmington, NC Local Guide
- Wilmington Neighborhoods
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Cheapest Neighborhoods for Apartments in Wilmington, NC
Pricing Updated: 06/20/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Sea Breeze | $1,999 | $1,999 | 2 |
| The Cape Cypress Island | $1,999 | $1,999 | 2 |
| River Pointe Masonboro Commons | $2,025 | $1,800 | 5 |
| RiverMist | $2,300 | $2,074 | 2 |
| Murraysville | $2,400 | $1,800 | 9 |
| Wrightsboro | $2,475 | $1,350 | 3 |
| Bayshore | $2,500 | $1,000 | 4 |
| Figure Eight Island | $2,500 | $2,500 | 1 |
| Kirkland | $2,500 | $1,000 | 6 |
| Kings Grant | $2,547 | $1,350 | 13 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elevation Student Living | Derby (Elevation II) | 4BR,4BA | $939 |
| 34 North Apartments | 1X1 CLASSIC | 1BR,1BA | $950 |
| Egret Pointe Apartment Homes | The Pinelandcress | 2BR,2BA | $982 |
| Veterans Park | 1 Bedoom 1.5 Bathoom | 1BR,1BA | $996 |
| Hanover Landing Apartments | 1 BD W/D | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Overlook at Jackeys Creek | The McKinley | 3BR,2BA | $1.17 |
| Elevation South | Derby (Elevation II) | 4BR,4BA | $0.61 |
| Forest Hills | MAGNOLIA | 3BR,2BA | $1.18 |
| Egret Pointe Apartment Homes | The Pinelandcress | 2BR,2BA | $0.80 |
| Chateau Terrace | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.16 |
| The Flats at Leland | The Leland | 2BR,2BA | $1.28 |
| Elevation Student Living | Brighton (Elevation) | 2BR,2BA | $1.00 |
| Seahawk Cove | 3x3 Deluxe | 3BR,3BA | $0.75 |
| Shipyard at Wilmington | The Tide | 1BR,1BA | $1.28 |
| 34 North Apartments | 1X1 CLASSIC | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleWilmington, NC
Ranked #6
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wilmington, NC Rentals by Map
See the most popular apartments and homes in Wilmington, NC
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

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.

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.