Cheap Apartments for Rent in the Downtown Community Neighborhood of Greensboro, NC from $500 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 230 S Park Dr

$915

1 Bedroom Rentals

Available Now

230 S Park Dr

GreensboroNC27401
property at 220 W Market St

$1,025 - $1,150

1 Bedroom Rentals

Available Now

220 W Market St

GreensboroNC27401

Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles

Discover our local expert's top affordable neighborhoods for renting in Greensboro, NC. Find your perfect Greensboro apartments for rent, whether you're looking for downtown action, historic charm, or a great commute.

Read Article
close
View Me
Mendenhall Square
$1,099 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $1,199
Total Monthly Price
$1,099 - $1,199
1 to 2 Bedroom Apartments Available Now

Mendenhall Square

512 S MendenhallGreensboro, NC 27403
Affordability
  • Verified
  • Utilities Included
  • Smoke Free
close
View Me
903 Martin St, Unit B
$1,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
3 Bedroom Apartment Available Now

903 Martin St, Unit B

903 Martin StGreensboro, NC 27406
Cost Per Sq.Ft.
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
The Inn at Greensboro
Studio to 2 Bedroom Apartments

The Inn at Greensboro

1000 W Market StGreensboro, NC 27401
Student Housing
  • Utilities Included
close
View Me
Park South Apartments
1 Bedroom Apartments

Park South Apartments

230 South Park DrGreensboro, NC 27401
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
close
View Me
Chestnut Court
1 to 2 Bedroom Apartments

Chestnut Court

757 Chestnut StGreensboro, NC 27405
close
View Me
Asberry Courts
1 to 3 Bedroom Apartments

Asberry Courts

1230 S Eugene StGreensboro, NC 27406
close
View Me
Vernon Building
1 to 3 Bedroom Apartments

Vernon Building

236-238 S Elm StGreensboro, NC 27401
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-35, Page 1 of 1

Downtown Community, Greensboro, NC Local Guide

Cheapest Available Downtown Community Apartments for Rent

 

The cheapest available apartment rental in the Downtown Community area of Greensboro, NC is a Studio unit found at 102 S Mendenhall St priced from $865. The Magnolia at Fisher Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Downtown Community apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
102 S Mendenhall St0 Beds, 1 BathsStudio,1BA$865
The Magnolia at Fisher ParkRear Layout1BR,1BA$895
Chestnut Court2 Beds, 1 Baths2BR,1BA$925
CityViewO'Henry1BR,1BA$1,008
Mendenhall Square1 x 11BR,1BA$1,099
McIver Square Apartments: NEAR UNCG1 Bedroom 1 Bathroom1BR,1BA$1,399
Bailey Village (Not Student Housing)2B2BR,2BA$1,450
Greenway at Fisher ParkCrosley1BR,1BA$1,559

Best Value Apartments for Rent in Downtown Community, NC

As of August 20, 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 fourth floor Model at Fountain View starting at $1,795 with a $1.41 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 ListingModel NameBed/BathPrice Per Sq.Ft.
903 Martin St, Unit B903 Martin St3BR,1.5BA$0.60
Fountain Viewfourth floor2BR,2BA$1.41
Bailey Village (Not Student Housing)2B2BR,2BA$1.26
102-G Wafco Lane, Unit G102-G Wafco Lane2BR,2BA$1.60
Chestnut Court2 Beds, 1 Baths2BR,1BA$0.93
Mendenhall Square2 x 12BR,1BA$1.48
McIver Square Apartments: NEAR UNCG1 Bedroom 1 Bathroom1BR,1BA$1.89
Cottages at GreensboroB12BR,1BA$0.94
CityViewO'Henry1BR,1BA$1.66
The Magnolia at Fisher ParkFront Layout1BR,1BA$1.54

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Community, Greensboro, NC

Ranked #104

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Community, Greensboro, NC

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 The Magnolia at Fisher Park which is listed at $895, while the average apartment in Downtown Community costs $1,612.

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 10 regular apartments in Downtown Community that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for Greensboros Collegiate Charms: The Best Neighborhoods for Renters in Greensboro article

Greensboros Collegiate Charms: The Best Neighborhoods for Renters in Greensboro

Written by: Catrina Cowart

Greensboro is a beautiful city; it's one that has areas with parks and churches, downtown events, and interesting things to do.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.