
Cheap Apartments for Rent in the Downtown Neighborhood of Greensboro, NC from $584 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Greensboro.


762 Chestnut St

221 Florence St

1208 Whilden Pl

The Magnolia at Fisher Park

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

230 S Park Dr

CityView
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.

110 S Mendenhall St

Total Monthly Price
Mendenhall Square

Total Monthly Price
614 S Mendenhall St, Unit 614-C

Total Monthly Price
817 N Elm St, Unit G

Total Monthly Price
903 Martin St, Unit B

1207 Whilden Pl

800 Arlington St

711 Summit Ave
Rent According to Income: A Look at Income-Restricted Rentals
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The Inn at Greensboro

Park South Apartments

District at West Market Student Housing

109 S Lyndon St

102 S Mendenhall St

The Southeastern Building Apartments

702 Silver Ave

615 Julian St
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215 McIver St

Chestnut Court

911 Morehead Ave

Asberry Courts

220 W Market St

Vernon Building

1108 W Friendly Ave

322 S Mendenhall St
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1026 S Pearson St

1026 Pearson St

115 S Mendenhall St
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 | $895 | $895 | $895 |
| Downtown 1 Bedroom Apartments | $1,467 | $865 | $1,759 |
| Downtown 2 Bedroom Apartments | $1,612 | $664 | $3,128 |
| Downtown 3 Bedroom Apartments | $2,304 | $1,195 | $2,899 |
| Downtown 4 Bedroom Apartments | $1,222 | $584 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 35 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
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Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Greensboro, NC is a 1 Bed unit found at The Magnolia at Fisher Park priced from $895. Chestnut Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here are the most affordable Downtown apartments for rent in Greensboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Magnolia at Fisher Park | Rear Layout | 1BR,1BA | $895 |
| Chestnut Court | 2 Beds, 1 Baths | 2BR,1BA | $925 |
| CityView | O'Henry | 1BR,1BA | $983 |
| Mendenhall Square | 1 x 1 | 1BR,1BA | $1,099 |
| McIver Square Apartments: NEAR UNCG | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,399 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1,450 |
| Greenway at Fisher Park | Crosley | 1BR,1BA | $1,559 |
Best Value Apartments for Rent in Downtown, NC
As of August 22, 2026 the best value apartment in the Downtown 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 apartment is the 2x2b5 (B5) Model at Carroll at Bellemeade starting at $2,166 with a $1.66 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. |
|---|---|---|---|
| 903 Martin St, Unit B | 903 Martin St | 3BR,1.5BA | $0.60 |
| Carroll at Bellemeade | 2x2b5 (B5) | 2BR,2BA | $1.66 |
| Fountain View | fourth floor | 2BR,2BA | $1.41 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| 102-G Wafco Lane, Unit G | 102-G Wafco Lane | 2BR,2BA | $1.60 |
| Chestnut Court | 2 Beds, 1 Baths | 2BR,1BA | $0.93 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1.48 |
| Cottages at Greensboro | B1 | 2BR,1BA | $0.94 |
| CityView | O'Henry | 1BR,1BA | $1.62 |
| The Magnolia at Fisher Park | Front Layout | 1BR,1BA | $1.54 |
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.
Pet Friendly LifestyleDowntown, Greensboro, NC
Ranked #105
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 $1,612.
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 10 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 $389 which is $1,223 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

Greensboros Collegiate Charms: The Best Neighborhoods for Renters in Greensboro
Written by: Catrina Cowart
Greensboro is a beautiful city; it's one that has areas with parks and churches, downtown events, and interesting things to do.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.