Cheap Apartments for Rent in the Downtown Greensboro Neighborhood of Greensboro, NC from $400 (115 Rentals)

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

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 230 S Park Dr

$915

1 Bedroom Rentals

Available Now

230 S Park Dr

GreensboroNC27401

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 424 Beech St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

424 Beech 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.

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Downtown Greensboro, Greensboro, NC Local Guide

Cheapest Available Downtown Greensboro Apartments for Rent

 

The cheapest available apartment rental in the Downtown Greensboro area of Greensboro, NC is a 1 Bed unit found at Alexander Homes, Greensboro: Welcome Home to Spacious Living priced from $750. Greenwood Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable Downtown Greensboro apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
Alexander Homes, Greensboro: Welcome Home to Spacious Living1 bed 1 bath1BR,1BA$750
Greenwood Gardens900-K2BR,1BA$795
The Magnolia at Fisher ParkRear Layout1BR,1BA$895
2200 MidtownOne Bedroom (includes utilities)1BR,1BA$899
Retreat at Copper Creek - SMP1X1 Winston1BR,1BA$925

Best Value Apartments for Rent in Downtown Greensboro, NC

As of May 19, 2026 the best value apartment in the Downtown Greensboro area is the $0.64 price per square foot 903 Martin St Model at 903 Martin St, Unit B in the in the Gorrell St. Community neighborhood starting from $1,295. The second greatest value Downtown Greensboro apartment is the 2909 Spring Garden St Model at 2909 Spring Garden St, Unit 2909-B starting at $1,100 with a $1.05 price per square foot in the College Hill neighborhood. Here is today’s list of the best values for Downtown Greensboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
903 Martin St, Unit B903 Martin St3BR,1.5BA$0.64
2909 Spring Garden St, Unit 2909-B2909 Spring Garden St2BR,2BA$1.05
817 N Elm St, Unit A817 N Elm St1BR,1BA$0.80
Legacy Crossing Townhomes2BR - 1BTH PR2BR,1BA$1.09
704 Glover St, Unit 704 Glover St704 Glover St2BR,1BA$0.92
409 N Cedar St, Unit D409 N Cedar St1BR,1BA$1.13
Greenwood Gardens900-K2BR,1BA$1.06
Cottages at GreensboroB12BR,1BA$0.87
201 Woodnell St, Unit 201-D201 Woodnell St1BR,1BA$1.11
Alexander Homes, Greensboro: Welcome Home to Spacious Living1 bed 1 bath1BR,1BA$1.15

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.

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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.

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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.

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Best Local Schools in
Downtown Greensboro, Greensboro, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Greensboro. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Greensboro Apartments

What is a cheap apartment in Downtown Greensboro?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Greensboro is under $925.

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

The cheapest apartment in Downtown Greensboro is Alexander Homes, Greensboro: Welcome Home to Spacious Living which is listed at $750, while the average apartment in Downtown Greensboro costs $1,850.

What types of apartments are the cheapest in Downtown Greensboro?

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 27 regular apartments in Downtown Greensboro 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 Greensboro?

Cheap apartments in Downtown Greensboro have an average cost of $337 which is $1,513 cheaper than the average rent for all rentals in Downtown Greensboro.

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

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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.