
Cheap Homes for Rent in Downtown Neighborhood of Greensboro, NC from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Greensboro.


667 Chestnut St

905 Grayland St

905 W McGee St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

911 Morehead Ave

337 Martin Luther King Jr Dr, Unit C

214 N Cedar St

912 Union St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

706 Walker Ave
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 | $1,476 | $850 | $2,400 |
| Downtown 3 Bedroom Homes for Rent | $1,832 | $1,345 | $3,500 |
| Downtown 4 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Greensboro, NC.
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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 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 | $970 |
Best Value Apartments for Rent in Downtown, NC
As of June 06, 2026 the best value apartment in the Downtown area is the $0.64 price per square foot 903 Martin St Model at 903 Martin St, Unit B in the in the Gorrell St. Community neighborhood starting from $1,295. The second greatest value Downtown apartment is the 2B Model at Bailey Village (Not Student Housing) starting at $1,450 with a $1.26 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 | $0.64 |
| Bailey Village (Not Student Housing) | 2B | 2BR,2BA | $1.26 |
| 102-G Wafco Lane, Unit G | 102-G Wafco Lane | 2BR,2BA | $1.30 |
| Latham Park Manor | 2 Bdrm TH | 2BR,1BA | $0.96 |
| Mendenhall Square | 2 x 1 | 2BR,1BA | $1.60 |
| 409 N Cedar St, Unit D | 409 N Cedar St | 1BR,1BA | $1.13 |
| CityView | Norfolk | 1BR,1BA | $1.76 |
| Cottages at Greensboro | B1 | 2BR,1BA | $0.87 |
| Greenway at Fisher Park | Aycock | 1BR,1BA | $2.28 |
| 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 #119
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 139 Apartments for Rent in Downtown, NC with pricing that ranges from $539 to $2,919. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $630 to $3,500.
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 $630 to $3,500 with an average monthly rent of $1,455.
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 $1,195 to $2,919, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $539.
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.