Cheap Apartments for Rent in Myrtle Beach, SC from $500 (26 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

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: 04/27/2025

Current apartment rentals in the Myrtle Beach, SC area range in price from $599 to $3,919 with an overall median price of $2,399. The three Myrtle Beach neighborhoods with the lowest median rent pricing are Coldstream Cove at $1,200, Linksbrook 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
Coldstream Cove$1,996$1,20040
Linksbrook$2,002$1,20052
South Myrtle Beach$2,025$1,20076
Park West$2,224$1,215210
Walkers Woods$2,265$1,000381
Palmetto Glen - PineCrest$2,550$1,195160
Wellington$2,550$1,195153
Downtown Myrtle Beach$2,655$600127
Fox Horn$2,700$1,061248
Kiskadee Parke$3,025$599120

Cheapest Available Myrtle Beach Apartments for Rent

 

The cheapest available apartment rental in Myrtle Beach, SC is a 1 Bed unit found at River Landing in the Fox Horn neighborhood priced from $1,141. The Edge Apartments in the Downtown Myrtle Beach neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Myrtle Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Landing1 Bedroom1BR,1BA$1,141
The Edge ApartmentsStudio, 1 bathStudio,1BA$1,150
Palmetto PointeThe Berkeley1BR,1BA$1,170
Canterbury ApartmentsUrban Oxford1BR,1BA$1,187
2711 S Ocean BlvdThree Bed Suite1BR,2BA$1,199
Blue PalmettoSmall Studio - Oceanside w/BalconyStudio,1BA$1,200
The Cloisters Apartments1Bed/1Bath1BR,1BA$1,200
Vinings at Carolina BaysShag (A1)1BR,1BA$1,215
Claypond CommonsThe BoulevardStudio,1BA$1,228
HAVEN POINTE AT CAROLINA FORESTSerene1BR,1BA$1,230

Best Value Apartments for Rent in Myrtle Beach, SC

As of April 27, 2025 the best value apartment in the Myrtle Beach area is the $1.50 price per square foot Waverly Model at ABODE Carolina Forest in the in the Kiskadee Parke neighborhood starting from $2,599. The second greatest value Myrtle Beach apartment is the The Legend Model at Moorland Reserve starting at $2,095 with a $1.34 price per square foot in the Fox Horn 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.
ABODE Carolina ForestWaverly4BR,2BA$1.50
Moorland ReserveThe Legend3BR,2BA$1.34
The Palmer at Carolina Forest3 Bedroom3BR,2BA$1.47
Cape LandingThe Driftwood3BR,2BA$1.10
Reserve at Ridgewood PlantationTHREE BEDROOM - RENOVATED3BR,2BA$1.15
The Brixley at Carolina ForestAurora3BR,3BA$1.24
Cloisters At Carolina ForestC13BR,3BA$1.43
The Tides at Myrtle Beach3 Bedroom 2 Bath Premier3BR,2BA$1.48
The Pointe at Myrtle BeachPalm2BR,2BA$1.24
The Collins Apartment HomesTwo Bedroom Two Bathroom +2BR,2BA$1.50

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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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Getting Around Myrtle Beach, SC

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Myrtle Beach, SC Area Reviews

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VickiLynn4+ 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 $1,230.

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

The cheapest apartment in Myrtle Beach is River Landing which is listed at $1,141, while the average apartment in Myrtle Beach costs $2,399.

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 $201 which is $2,198 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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.