
Cheap Apartments for Rent in the Downtown Greensboro Neighborhood of Greensboro, NC from $400 (119 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Greensboro area of Greensboro.


Total Monthly Price
822 Holt Ave, Unit A2-B5

Total Monthly Price
1806 Walker Ave, Unit D

1833 Spring Garden St

Total Monthly Price
705 Glover St, Unit D

407 E Florida St, Unit B

Total Monthly Price
1122 Easton Rd, Unit Suite B

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317 E Florida St, Unit 317-B

603 Park Ave

838 Broad Ave
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.

Greenwood Gardens

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

4216 Parker St

4302 Parker St

Room in Duplex on Beck St

Room in Duplex on Beck St

Room in Duplex on Beck St

Latham Park Manor

Lindley Park Manor

1006 East Side Dr
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.

613 5th Ave

2912 W Florida St

2006 Linda Jones Ave

230 S Park Dr

Retreat at Copper Creek - SMP

711 Summit Ave

210 Woodnell St, Unit G

Legacy Crossing Townhomes

Cedar Trace

Meadowview Apartments & Townhomes
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.

424 Beech St

405 E Whittington St

2703 W Gate City Blvd

2200 Midtown

CityView

Stonesthrow

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2909 Spring Garden St, Unit 2909-B

1007 W Market St

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Mendenhall Square

2005 Bertie St
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.

LYNX Gate City

630 Joyner St, Unit 4

1004 Idlewood Dr

1103 W Bessemer Ave

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903 Martin St, Unit B

1104 Logan St

1112 S Benbow Rd

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817 N Elm St, Unit C

1303 Whilden Pl

2400 W Florida St
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.
Downtown Greensboro, Greensboro, NC Local Guide

How much does it cost to rent an apartment in Downtown Greensboro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Greensboro Studio Apartments | $782 | $525 | $975 |
| Downtown Greensboro 1 Bedroom Apartments | $1,543 | $745 | $2,199 |
| Downtown Greensboro 2 Bedroom Apartments | $1,664 | $614 | $2,511 |
| Downtown Greensboro 3 Bedroom Apartments | $2,147 | $639 | $4,000 |
| Downtown Greensboro 4 Bedroom Apartments | $1,113 | $539 | $3,339 |
Browse Apartments in this Neighborhood
There are currently 119 rentals with your search options within a 2 mile radius of the Downtown Greensboro Neighborhood of Greensboro, NC.
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Downtown Greensboro, Greensboro, NC Local Guide
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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 New Garden Place Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Garden Place Apartments | 1 bed 1 bath | 1BR,1BA | $750 |
| Greenwood Gardens | 900-K | 2BR,1BA | $795 |
| Legacy Crossing Townhomes | 2BR - 1BTH PR | 2BR,1BA | $955 |
Best Value Apartments for Rent in Downtown Greensboro, NC
As of July 03, 2026 the best value apartment in the Downtown Greensboro 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 Greensboro apartment is the 407 Warren St Model at 407 Warren St, Unit A starting at $1,350 with a $0.84 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 903 Martin St, Unit B | 903 Martin St | 3BR,1.5BA | $0.60 |
| 407 Warren St, Unit A | 407 Warren St | 2BR,1BA | $0.84 |
| Spring Garden Station | 4 Bedroom | 4BR,4BA | $0.55 |
| 2909 Spring Garden St, Unit 2909-B | 2909 Spring Garden St | 2BR,2BA | $1.02 |
| Legacy Crossing Townhomes | 2BR - 1BTH PR | 2BR,1BA | $1.09 |
| 317 E Florida St, Unit 317-B | 317 E Florida St | 2BR,1BA | $0.94 |
| Greenwood Gardens | 900-K | 2BR,1BA | $1.06 |
| 705 Glover St, Unit D | 705 Glover St | 2BR,1BA | $1.04 |
| Cottages at Greensboro | B1 | 2BR,1BA | $0.87 |
| New Garden Place Apartments | 1 bed 1 bath | 1BR,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.
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.
Best Local Schools in Downtown Greensboro, Greensboro, NC
Greensboro College Middle College
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 $955.
What is the price of a cheap apartment in Downtown Greensboro?
The cheapest apartment in Downtown Greensboro is New Garden Place Apartments which is listed at $750, while the average apartment in Downtown Greensboro costs $1,856.
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 17 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 $377 which is $1,479 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

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.