Cheap Apartments for Rent in Wilmington, NC from $500 (97 Rentals)

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

property at 4501 Prior Dr

4501 Prior Dr

WilmingtonNC28412
property at 1102 Castle St

1102 Castle St

WilmingtonNC28401
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Wilmington, NC Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Wilmington, NC

Pricing Updated: 03/27/2025

Current apartment rentals in the Wilmington, NC area range in price from $675 to $8,279 with an overall median price of $2,100. The three Wilmington neighborhoods with the lowest median rent pricing are RiverMist at $975, Creekwood at $709, and Lincoln Forest at $675. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Wilmington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
RiverMist$1,025$97530
Creekwood$1,524$7092680
Lincoln Forest$1,546$6753230
Cape Fear Country Club$1,550$8301796
River Pointe Masonboro Commons$1,606$1,199449
Sunset Park$1,652$9001609
UNC Wilmington$1,682$6753708
Kings Grant$1,750$7224106
Mayfaire$1,850$9443474
South Side$1,850$9432120

Cheapest Available Wilmington Apartments for Rent

 

The cheapest available apartment rental in Wilmington, NC is a 3 Beds unit found at Seahawk Cove in the College Acres neighborhood priced from $729. Hawthorne at Murrayville in the Kings Grant neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here is today’s list of the most affordable Wilmington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seahawk Cove3x3 Deluxe3BR,3BA$729
Hawthorne at MurrayvilleThe Topsail2BR,2BA$750
Elevation Student LivingCordova (Enclave)3BR,2BA$830
Riverview ApartmentsOne Bedroom1BR,1BA$899
VIVO Living WilmingtonThe Top SailStudio,1BA$902
34 North ApartmentsCLASSIC STUDIOStudio,1BA$925
The Life at Lakeside Villas1 Bed 1 Bath1BR,1BA$943
Hawthorne Commons1x1 Loft - Classic1BR,1BA$949
Veterans Park1 Bedoom 1.5 Bathoom1BR,1BA$959
Lofts of WilmingtonA1C - Dogwood I Classic1BR,1BA$960

Best Value Apartments for Rent in Wilmington, NC

As of March 27, 2025 the best value apartment in the Wilmington area is the $1.04 price per square foot 1304 John Swann St Model at 1304 John Swann St in the starting from $2,460. The second greatest value Wilmington apartment is the 2860 Summer Townes Wy Model at 2860 Summer Townes Wy starting at $1,898 with a $1.06 price per square foot . 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.
1304 John Swann St1304 John Swann St4BR,2.5BA$1.04
2860 Summer Townes Wy2860 Summer Townes Wy3BR,2BA$1.06
2864 Summer Townes Wy2864 Summer Townes Wy3BR,2BA$1.09
Platos Lofts at RandallWrightsville4BR,4BA$0.55
731 Bragg Dr, Unit A731 Bragg Dr3BR,2BA$1.13
Egret Pointe Apartment HomesThe Pinelandcress2BR,2BA$0.80
Chateau Terrace2 Bedroom 1 Bath Deluxe2BR,1BA$1.11
Seahawk Cove3x3 Deluxe3BR,3BA$0.66
Bonnet Ct2 Bedoom 2 Bathoom2BR,2BA$1.25
Lighthouse2x22BR,2BA$1.10

Quick Rent Budget Calculator

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Wilmington Overview

A coastal post city in the great state of North Carolina, Wilmington is a progressive city known for its scenic beauty and thriving arts community. Officially designated as a 'Coast Guard City', the city is home to a number of ships and other war memorials, as well as a wide range of impressive historic homes and sprawling estates.

Why live in Wilmington, NC?

Known among film fans as 'Hollywood East', apartments for rent in Wilmington offer close proximity not only to the famous Screen Gems Studios (ground zero for hit shows such as 'Dawson's Creek' and 'One Tree Hill'), but also an impressive myriad of cultural destinations, ranging from art galleries to museums. Add to that a jaw-dropping coastal view, and you have a North Carolina city well worthy of your consideration.

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!

Explore Wilmington, NC Rentals by Map

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See the most popular apartments and homes in Wilmington, NC

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Getting Around Wilmington, NC

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

17 / 100

Minimal Transit

It may be possible to get on a bus

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.

Frequently Asked Questions about Cheap Wilmington Apartments

What is a cheap apartment in Wilmington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wilmington is under $960.

What is the price of a cheap apartment in Wilmington?

The cheapest apartment in Wilmington is Riverview Apartments which is listed at $899, while the average apartment in Wilmington costs $2,100.

What types of apartments are the cheapest in Wilmington?

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 1,856 regular apartments in Wilmington 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 Wilmington?

Cheap apartments in Wilmington have an average cost of $340 which is $1,760 cheaper than the average rent for all rentals in Wilmington.

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

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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

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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.

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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

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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.