
Cheap Apartments for Rent in the Downtown Neighborhood of Greensboro, NC from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Greensboro.


1005 Yanceyville St

Latham Park Manor

Total Monthly Price
409 N Cedar St, Unit D

The Magnolia at Fisher Park

230 S Park Dr

Total Monthly Price
CityView
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315 S Mendenhall St

400 S.Spring St

400 S.Spring St

405 E Whittington St

Chestnut Court

The Inn at Greensboro

Park South Apartments
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667 Chestnut St

905 Grayland St

District at West Market Student Housing

The Southeastern Building Apartments

Asberry Courts

904 W Market St

Vernon Building
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.
Downtown, Greensboro, NC Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $695 | $695 | $695 |
| Downtown 1 Bedroom Apartments | $1,508 | $825 | $1,804 |
| Downtown 2 Bedroom Apartments | $1,648 | $614 | $2,361 |
| Downtown 3 Bedroom Apartments | $2,905 | $2,899 | $2,919 |
| Downtown 4 Bedroom Apartments | $549 | $539 | $559 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Greensboro, NC.
See all Apartments in GreensboroExplore Greensboro
Downtown, Greensboro, NC Local Guide
- Nearby Greensboro neighborhoods
- Nearby Cities
- ZIP codes
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Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Greensboro, NC is a 2 Beds unit found at Latham Park Manor priced from $850. 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 apartments for rent in Greensboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Latham Park Manor | 2 Bdrm TH | 2BR,1BA | $850 |
| The Magnolia at Fisher Park | Rear Layout | 1BR,1BA | $895 |
| CityView | O'Henry | 1BR,1BA | $956 |
| Cottages at Greensboro | A1 | 1BR,1BA | $1,033 |
| Greenway at Fisher Park | Bellemeade | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Downtown, NC
As of April 05, 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 Bdrm TH Full Remodel Model at Latham Park Manor starting at $1,250 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 apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| Latham Park Manor | 2 Bdrm TH Full Remodel | 2BR,1BA | $1.41 |
| Greenway at Fisher Park | Bellemeade | 1BR,1BA | $1.84 |
| 409 N Cedar St, Unit D | 409 N Cedar St | 1BR,1BA | $1.13 |
| Spring Street Apartments | Lavender | 1BR,1BA | $2.45 |
| CityView | Norfolk | 1BR,1BA | $1.69 |
| Carroll at Bellemeade | 1x1a4b (A4) | 1BR,1BA | $2.24 |
| The Magnolia at Fisher Park | Front Layout | 1BR,1BA | $1.54 |
| Cottages at Greensboro | A1 | 1BR,1BA | $1.78 |
| 1218 W Market St, Unit 1218-A | 1218 W Market St | Studio ,1BA | $1.99 |
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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, Greensboro, NC
Ranked #108
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is The Magnolia at Fisher Park which is listed at $895, 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 13 regular apartments in Downtown 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?
Cheap apartments in Downtown have an average cost of $340 which is $2,559 cheaper than the average rent for all rentals in Downtown.
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.

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.

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.

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.