
Cheap Apartments for Rent in the Downtown Community Neighborhood of Greensboro, NC from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Community area of Greensboro.


603 Park Ave

Total Monthly Price
1218 W Market St, Unit 1218-E

838 Broad Ave

613 5th Ave

230 S Park Dr

711 Summit Ave

424 Beech St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

405 E Whittington St

CityView

Total Monthly Price
Mendenhall Square

Total Monthly Price
630 Joyner St, Unit 4

1303 Whilden Pl

Total Monthly Price
903 Martin St, Unit B

Total Monthly Price
817 N Elm St, Unit C

1103 W Bessemer Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Chestnut Court

The Inn at Greensboro

Park South Apartments

1011 Tuscaloosa St

606 Fairmont St

District at West Market Student Housing

The Southeastern Building Apartments

The Magnolia at Fisher Park
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

702 Silver Ave

109 S Lyndon St

218 Tate St

911 Morehead Ave

905 W McGee St

Asberry Courts

Vernon Building

1108 W Friendly Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

322 S Mendenhall St
Downtown Community, Greensboro, NC Local Guide

How much does it cost to rent an apartment in Downtown Community?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Community Studio Apartments | $695 | $525 | $795 |
| Downtown Community 1 Bedroom Apartments | $1,536 | $885 | $1,794 |
| Downtown Community 2 Bedroom Apartments | $1,591 | $614 | $2,359 |
| Downtown Community 3 Bedroom Apartments | $2,337 | $1,195 | $2,919 |
| Downtown Community 4 Bedroom Apartments | $556 | $539 | $574 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 1 mile radius of the Downtown Community Neighborhood of Greensboro, NC.
See all Apartments in GreensboroExplore Greensboro
Downtown Community, Greensboro, NC Local Guide
- Nearby Greensboro neighborhoods
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Cheapest Available Downtown Community Apartments for Rent
 The cheapest available apartment rental in the Downtown Community area of Greensboro, NC is a 1 Bed unit found at CityView priced from $1,005. Mendenhall Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Downtown Community apartments for rent in Greensboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CityView | O'Henry | 1BR,1BA | $1,005 |
| Mendenhall Square | 1 x 1 | 1BR,1BA | $1,099 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1,450 |
| Spring Street Apartments | Azalea | 1BR,1BA | $1,599 |
| Greenway at Fisher Park | Crosley | 1BR,1BA | $1,659 |
| Carroll at Bellemeade | 2x2b5 (B5) | 2BR,2BA | $2,102 |
Best Value Apartments for Rent in Downtown Community, NC
As of July 06, 2026 the best value apartment in the Downtown Community area is the $0.60 price per square foot 903 Martin St Model at 903 Martin St, Unit B in the in the Gorrell St. Community neighborhood starting from $1,195. The second greatest value Downtown Community apartment is the 2x2b5 (B5) Model at Carroll at Bellemeade starting at $2,095 with a $1.61 price per square foot in the Gorrell St. Community neighborhood. Here is today’s list of the best values for Downtown Community apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 903 Martin St, Unit B | 903 Martin St | 3BR,1.5BA | $0.60 |
| Carroll at Bellemeade | 2x2b5 (B5) | 2BR,2BA | $1.61 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1.48 |
| Greenway at Fisher Park | Crosley | 1BR,1BA | $2.07 |
| 817 N Elm St, Unit C | 817 N Elm St | 1BR,1BA | $1.59 |
| Spring Street Apartments | Lavender | 1BR,1BA | $2.45 |
| CityView | Norfolk | 1BR,1BA | $1.71 |
| Cottages at Greensboro | B1 | 2BR,1BA | $0.87 |
| 1218 W Market St, Unit 1218-E | 1218 W Market St | Studio ,1BA | $2.27 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Community, Greensboro, NC
Ranked #122
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Community, Greensboro, NC
Greensboro College Middle College
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Community Apartments
What is the price of a cheap apartment in Downtown Community?
The cheapest apartment in Downtown Community is CityView which is listed at $1,005, while the average apartment in Downtown Community costs $2,899.
What types of apartments are the cheapest in Downtown Community?
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 4 regular apartments in Downtown Community 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 Community?
Cheap apartments in Downtown Community have an average cost of $369 which is $2,530 cheaper than the average rent for all rentals in Downtown Community.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles
Written by: Catrina Cowart
Hello again, everyone. I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Greensboro, North Carolina.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.