Cheap Apartments for Rent in the Downtown Neighborhood of Greensboro, NC from $500 (21 Rentals)

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

property at 230 S Park Dr

$915

1 Bedroom Rentals

Available May 8

230 S Park Dr

GreensboroNC27401
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CityView
$956 - $1,688
Total Monthly Price

Total Monthly Price

Base Rent
$906 - $1,638
Required Monthly Fees
$50

Total Monthly Price
$956 - $1,688
1 to 2 Bedroom Apartments Available Now

CityView

316 King StGreensboro, NC 27406
Furnished
  • Verified
  • 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

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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

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

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 ListingModel NameBed/BathPriced From
Latham Park Manor2 Bdrm TH2BR,1BA$850
The Magnolia at Fisher ParkRear Layout1BR,1BA$895
CityViewO'Henry1BR,1BA$956
Cottages at GreensboroA11BR,1BA$1,033
Greenway at Fisher ParkBellemeade1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bailey Village (Not Student Housing)2B2BR,2BA$1.26
Latham Park Manor2 Bdrm TH Full Remodel2BR,1BA$1.41
Greenway at Fisher ParkBellemeade1BR,1BA$1.84
409 N Cedar St, Unit D409 N Cedar St1BR,1BA$1.13
Spring Street ApartmentsLavender1BR,1BA$2.45
CityViewNorfolk1BR,1BA$1.69
Carroll at Bellemeade1x1a4b (A4)1BR,1BA$2.24
The Magnolia at Fisher ParkFront Layout1BR,1BA$1.54
Cottages at GreensboroA11BR,1BA$1.78
1218 W Market St, Unit 1218-A1218 W Market StStudio ,1BA$1.99

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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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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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Pet Friendly Lifestyle
Downtown, Greensboro, NC

Ranked #108

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 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

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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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Written by: Christine Leonard, Esq.

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

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