Cheap Apartments for Rent in the Downtown Neighborhood of Greensboro, NC from $500 (20 Rentals)

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

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CityView
$951 - $1,743
Total Monthly Price

Total Monthly Price

Base Rent
$901 - $1,693
Required Monthly Fees
$50

Total Monthly Price
$951 - $1,743
1 to 2 Bedroom Apartments Available Now

CityView

316 King StGreensboro, NC 27406
Furnished
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  • Customer Reviewed
  • 3D Tour

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Chestnut Court
1 to 2 Bedroom Apartments

Chestnut Court

757 Chestnut StGreensboro, NC 27405
  • Utilities Included
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The Inn at Greensboro
Studio to 2 Bedroom Apartments

The Inn at Greensboro

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

Park South Apartments

230 South Park DrGreensboro, NC 27401
  • Utilities Included

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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Asberry Courts
1 to 3 Bedroom Apartments

Asberry Courts

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

Vernon Building

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

Downtown, Greensboro, NC Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Greensboro, NC is a Studio unit found at District at West Market Student Housing priced from $850. CityView has the second lowest priced unit, which is a 1 Bed apartment currently listed from $961. Here are the most affordable Downtown apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
District at West Market Student HousingStudiosStudio,1BA$850
CityViewO'Henry1BR,1BA$961
Cottages at GreensboroA11BR,1BA$1,038
Mendenhall Square2 x 12BR,1BA$1,199
Carroll at Bellemeade1x1a1c (A1)1BR,1BA$1,384

Best Value Apartments for Rent in Downtown, NC

As of February 19, 2026 the best value apartment in the Downtown area is the $1.26 price per square foot 2B Model at Bailey Village (Not Student Housing) in the in the Gorrell St. Community neighborhood starting from $1,450. The second greatest value Downtown apartment is the 2 x 1 Model at Mendenhall Square starting at $1,199 with a $1.48 price per square foot in the Gorrell St. Community neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bailey Village (Not Student Housing)2B2BR,2BA$1.26
Mendenhall Square2 x 12BR,1BA$1.48
Greenway at Fisher ParkCrosley1BR,1BA$1.99
126 Tate St, Unit 126-A126 Tate St1BR,1BA$1.44
857 Bellevue St, Unit A857 Bellevue St2BR,1BA$1.11
CityViewNorfolk1BR,1BA$1.78
Spring Street ApartmentsIris1BR,1BA$2.43
Carroll at Bellemeade1x1a4b (A4)1BR,1BA$2.16
909 Spring Garden St, Unit 909 Spring Garden Street909 Spring Garden St3BR,3BA$1.00
Cottages at GreensboroA11BR,1BA$1.79

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Pet Friendly Lifestyle
Downtown, Greensboro, NC

Ranked #111

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,549.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is CityView which is listed at $951, while the average apartment in Downtown costs $2,899.

What types of apartments are the cheapest in Downtown?

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 16 regular apartments in Downtown 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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.