Cheap Apartments for Rent in the Downtown Wilmington Neighborhood of Wilmington, NC from $700 (22 Rentals)

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

property at 306 N 11th St

306 N 11th St

WilmingtonNC28401

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property at 203 Wright St

203 Wright St

WilmingtonNC28401
property at 607 S 11th St

607 S 11th St

WilmingtonNC28401
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Riverview
1 Bedroom Apartments

Riverview

212 Red Cross StWilmington, NC 28401
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Downtown Wilmington, Wilmington, NC Local Guide

Cheapest Available Downtown Wilmington Apartments for Rent

 

The cheapest available apartment rental in the Downtown Wilmington area of Wilmington, NC is a 1 Bed unit found at Riverview Apartments priced from $899. The Life at Lakeside Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $943. Here are the most affordable Downtown Wilmington apartments for rent in Wilmington, NC:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsOne Bedroom1BR,1BA$899
The Life at Lakeside Villas1 Bed 1 Bath1BR,1BA$943
The Pearl & The JewelRUBY1BR,1BA$995
The Terrace Apartments214 Red Cross1BR,1BA$1,050
The CreekJASMINE2BR,2BA$1,069

Best Value Apartments for Rent in Downtown Wilmington, NC

As of April 17, 2025 the best value apartment in the Downtown Wilmington area is the $1.56 price per square foot C2B Model at The Helmsman in the in the South Side neighborhood starting from $2,173. The second greatest value Downtown Wilmington apartment is the Milan Model at City Block starting at $1,945 with a $1.76 price per square foot in the South Side neighborhood. Here is today’s list of the best values for Downtown Wilmington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The HelmsmanC2B3BR,2BA$1.56
City BlockMilan2BR,2BA$1.76
1918 Pender Ave, Unit A1918 Pender Ave2BR,2BA$1.70
The CreekJASMINE2BR,2BA$1.26
17 Market St, Unit 17-D Market Street17 Market St1BR,1BA$1.41
17 SocialA1E1BR,1BA$1.84
Osprey LandingTide1BR,1BA$1.52
Chateau Terrace1 Bedroom 1 Bath1BR,1BA$1.57
Harrington SquareThe SouthportStudio ,1BA$1.77
The Life at Lakeside Villas1 Bed 1 Bath1BR,1BA$1.60

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Wilmington, NC. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, places to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Downtown Wilmington Neighborhood in Wilmington, NC

Walk Score®

85 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

31 / 100

Some Transit

A few nearby public transportation options

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 Downtown Wilmington Apartments

What is a cheap apartment in Downtown Wilmington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Wilmington is under $1,225.

What is the price of a cheap apartment in Downtown Wilmington?

The cheapest apartment in Downtown Wilmington is Riverview Apartments which is listed at $899, while the average apartment in Downtown Wilmington costs $1,975.

What types of apartments are the cheapest in Downtown 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 9 regular apartments in Downtown 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 Downtown Wilmington?

Cheap apartments in Downtown Wilmington have an average cost of $135 which is $1,840 cheaper than the average rent for all rentals in Downtown 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

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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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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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.