Cheap Apartments for Rent in Myrtle Beach, SC from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Myrtle Beach.

property at 401 Alder St

401 Alder St

Myrtle BeachSC29577
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Eastwood Commons
2 Bedroom Apartments

Eastwood Commons

6100 Frontage RdMyrtle Beach, SC 29577
  • Utilities Included
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Ocean Escape Condos
2 to 3 Bedroom Apartments

Ocean Escape Condos

1400 S Ocean BlvdMyrtle Beach, SC 29577
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Myrtle Beach, SC Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Myrtle Beach, SC

Pricing Updated: 04/06/2025

Current apartment rentals in the Myrtle Beach, SC area range in price from $800 to $3,905 with an overall median price of $2,419. The three Myrtle Beach neighborhoods with the lowest median rent pricing are Linksbrook at $1,200, Coldstream Cove at $1,200, and South Myrtle Beach at $1,200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Myrtle Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Linksbrook$1,875$1,20050
Coldstream Cove$1,972$1,20037
South Myrtle Beach$2,009$1,20074
Walkers Woods$2,065$1,000367
Park West$2,215$1,142165
Downtown Myrtle Beach$2,655$800121
Palmetto Glen - PineCrest$2,676$1,011162
Wellington$2,676$1,011152
Kiskadee Parke$3,025$899117
Fox Horn$3,025$1,049222

Cheapest Available Myrtle Beach Apartments for Rent

 

The cheapest available apartment rental in Myrtle Beach, SC is a 1 Bed unit found at The Pointe at Myrtle Beach in the Palmetto Glen - PineCrest neighborhood priced from $1,090. The Edge Apartments in the Downtown Myrtle Beach neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,115. Here is today’s list of the most affordable Myrtle Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Pointe at Myrtle BeachCypress1BR,1BA$1,090
The Edge ApartmentsStudio, 1 bathStudio,1BA$1,115
River Landing1 Bedroom1BR,1BA$1,124
Palmetto PointeThe Berkeley1BR,1BA$1,170
2711 S Ocean BlvdThree Bed Suite1BR,2BA$1,199

Best Value Apartments for Rent in Myrtle Beach, SC

As of April 06, 2025 the best value apartment in the Myrtle Beach area is the $1.42 price per square foot 4 Bedroom Model at The Palmer at Carolina Forest in the starting from $2,150. The second greatest value Myrtle Beach apartment is the C1 Model at Springs at Arcadia starting at $2,196 with a $1.45 price per square foot in the Palmetto Glen - PineCrest neighborhood. Here is today’s list of the best values for Myrtle Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Palmer at Carolina Forest4 Bedroom4BR,2BA$1.42
Springs at ArcadiaC13BR,2BA$1.45
Market CommonTwo Bedroom2BR,2BA$1.36
Cape LandingThe Driftwood3BR,2BA$1.03
Reserve at Ridgewood PlantationTHREE BEDROOM - RENOVATED3BR,2BA$1.15
The Brixley at Carolina ForestNova3BR,3BA$1.27
Cloisters At Carolina ForestC13BR,3BA$1.43
GRANDVIEW AT CLEAR POND APARTMENTS3 Bedroom3BR,2BA$1.43
Coastal WindTownhome2BR,2.5BA$1.40
The Tides at Myrtle Beach2 Bedroom 2 Bath Renovated2BR,2BA$1.45

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Myrtle Beach Overview

Sometimes known as the “northernmost city in Florida,” Myrtle Beach is a popular vacation destination that attracts more than 14 million visitors a year. With only 30,000 permanent residents, it’s been compared to living in a small town with big city accommodations like hospitals and transportation. According to the 2010 Census, Myrtle Beach is the ninth-fastest-growing city in the US, with a projected 7,000 new households to be added from 2012 to 2017. Apartments in Myrtle Beach can allow you to enjoy the beach bum life right by the coast, or give you a chance to retire and downsize for a simpler life in the sun.

Why live in Myrtle Beach, SC?

With its mild weather, warm waters, and endless sandy beaches, Myrtle Beach is a popular vacation spot for a reason. Why not make these things a part of your everyday life by coming here to stay? The southern charm, the history, the seafood, and the many attractions are just the tip of the iceberg of what makes Myrtle Beach such a great place to live. You may soon find that you don’t miss baking in 90 percent humidity or shoveling the snow off your driveway every winter. Instead, you’ll enjoy the vacation life year-round.

Pet Friendly Lifestyle
Myrtle Beach, SC

Ranked #13

Among cities in South 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!

Explore Myrtle Beach, SC Rentals by Map

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See the most popular apartments and homes in Myrtle Beach, SC

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Getting Around Myrtle Beach, SC

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Myrtle Beach, SC Area Reviews

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VickiLynn • 4+ years in Myrtle Beach

March 5, 2025

I have loved living in Myrtle Beach for the past 40 years. The area offers so much to see and do and the ever-changing entertainment options make it such a fun place to live. It has the perfect location on the beach, affordable living options, great schools and universities, and of course plenty of outdoor things to explore.

Frequently Asked Questions about Cheap Myrtle Beach Apartments

What is a cheap apartment in Myrtle Beach?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Myrtle Beach is under $1,227.

What is the price of a cheap apartment in Myrtle Beach?

The cheapest apartment in Myrtle Beach is The Pointe at Myrtle Beach which is listed at $1,090, while the average apartment in Myrtle Beach costs $2,419.

What types of apartments are the cheapest in Myrtle Beach?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Myrtle Beach that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Myrtle Beach?

Cheap apartments in Myrtle Beach have an average cost of $222 which is $2,197 cheaper than the average rent for all rentals in Myrtle Beach.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.