Rescue organization Guardians of Rescue said the horses were "tired, scared, confused" and had "not much left in them" when volunteers found them in Pender County, North Carolina.
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"One kept going under...the other would let out a cry to get his attention," Guardians of Rescue wrote on Facebook. Video shared by the organization showed the animals in the water in a wooded area near what appeared to be a home or possibly a barn.
Volunteers guided the animals onto a porch where they are able to safely shelter in place until the waters recede, Guardians of Rescue said.
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In the video shared to Facebook, a volunteer could be heard saying that the group was on the way to rescue nine dogs trapped in trailers when they happened upon the horses.