
Cheap Homes for Rent in the Downtown Neighborhood of Greensboro, NC from $850 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Greensboro.


603 Magnolia St

615 Julian St

215 McIver St
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.

220 W Market St

322 S Mendenhall St

1108 W Friendly Ave

506 S Elm St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Downtown, Greensboro, NC Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,537 | $1,095 | $2,400 |
| Downtown 3 Bedroom Homes for Rent | $1,971 | $895 | $2,900 |
| Downtown 4 Bedroom Homes for Rent | $1,900 | $1,550 | $2,250 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Greensboro, NC.
Explore 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 1 Bed unit found at Chestnut Apartments priced from $825. Chestnut Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Downtown apartments for rent in Greensboro, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chestnut Apartments | 1BR/1.0BA | 1BR,1BA | $825 |
| Chestnut Street Apartments | 1BR/1.0BA | 1BR,1BA | $825 |
| Latham Park Manor | 2 Bdrm TH | 2BR,1BA | $850 |
Best Value Apartments for Rent in Downtown, NC
As of September 05, 2026 the best value apartment in the Downtown area is the $0.55 price per square foot 903 Martin St Model at 903 Martin St, Unit B in the in the Gorrell St. Community neighborhood starting from $1,095. The second greatest value Downtown apartment is the fourth floor Model at Fountain View starting at $1,795 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. |
|---|---|---|---|
| 903 Martin St, Unit B | 903 Martin St | 3BR,1.5BA | $0.55 |
| Fountain View | fourth floor | 2BR,2BA | $1.41 |
| 817 N Elm St, Unit F | 817 N Elm St | 2BR,1BA | $1.20 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| 1029 Pearson St, Unit A | 1029 Pearson St | 1BR,2BA | $1.10 |
| Latham Park Manor | 2 Bdrm TH | 2BR,1BA | $0.96 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1.48 |
| Cottages at Greensboro | B1 | 2BR,1BA | $0.94 |
| CityView | O'Henry | 1BR,1BA | $1.59 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 #113
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 140 Apartments for Rent in Downtown, NC with pricing that ranges from $584 to $3,027. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $850 to $2,900.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $850 to $2,900 with an average monthly rent of $1,610.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,095 to $2,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $584.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.