
Cheap Apartments for Rent in the Downtown Neighborhood of Greensboro, NC from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Greensboro.


705 Summit Ave

Total Monthly Price
857 Bellevue St, Unit A

603 Park Ave

761 Chestnut St

Latham Park Manor
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District at West Market Student Housing

112 Odell Pl

Total Monthly Price
409 N Cedar St, Unit D

Total Monthly Price
CityView

1103 Yanceyville St

603 Simpson St
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315 S Mendenhall St

800 Arlington St

Chestnut Court

The Inn at Greensboro

Park South Apartments

The Southeastern Building Apartments
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.

Asberry Courts

Vernon Building
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 | $865 | $865 | $865 |
| Downtown 1 Bedroom Apartments | $1,512 | $795 | $1,804 |
| Downtown 2 Bedroom Apartments | $1,688 | $624 | $2,306 |
| Downtown 3 Bedroom Apartments | $2,905 | $2,899 | $2,919 |
| Downtown 4 Bedroom Apartments | $584 | $579 | $589 |
Browse Apartments in this Neighborhood
There are currently 20 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
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| District at West Market Student Housing | Studios | Studio,1BA | $850 |
| CityView | O'Henry | 1BR,1BA | $961 |
| Cottages at Greensboro | A1 | 1BR,1BA | $1,038 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1,199 |
| Carroll at Bellemeade | 1x1a1c (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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1.48 |
| Greenway at Fisher Park | Crosley | 1BR,1BA | $1.99 |
| 126 Tate St, Unit 126-A | 126 Tate St | 1BR,1BA | $1.44 |
| 857 Bellevue St, Unit A | 857 Bellevue St | 2BR,1BA | $1.11 |
| CityView | Norfolk | 1BR,1BA | $1.78 |
| Spring Street Apartments | Iris | 1BR,1BA | $2.43 |
| Carroll at Bellemeade | 1x1a4b (A4) | 1BR,1BA | $2.16 |
| 909 Spring Garden St, Unit 909 Spring Garden Street | 909 Spring Garden St | 3BR,3BA | $1.00 |
| Cottages at Greensboro | A1 | 1BR,1BA | $1.79 |
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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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 #111
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 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

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.