Cheap Homes for Rent in Greensboro, NC from $500 (69 Rentals)

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Search the lowest-cost Homes available for rent right now in Greensboro.

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.

property at 2710 Hayden St
$850
1 Bedroom Rentals
Available Now
Furnished

2710 Hayden St

GreensboroNC27407
property at 1504 Autumn Dr
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
2 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

1504 Autumn Dr, Unit A

1504 Autumn Dr
GreensboroNC27405
property at 1603 Autumn Dr
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
2 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

1603 Autumn Dr, Unit A

1603 Autumn Dr
GreensboroNC27405

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.

property at 3923 Overland Hts
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

3923 Overland Hts

GreensboroNC27407
property at 1315 Gorrell St
$850 - $950
1 Bedroom Rentals
Available Now
Furnished

1315 Gorrell St

GreensboroNC27401
property at 1010 Logan St
$975

Total Monthly Price

Base Rent$975

Total Monthly Price$975
3 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1010 Logan St

GreensboroNC27406
property at 1617 McPherson St
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
3 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1617 McPherson St, Unit D

1617 McPherson St
GreensboroNC27405
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 711 Summit Ave
$1,045 - $1,095
1 To 2 Bedroom Rentals
Available Now
Affordability

711 Summit Ave

GreensboroNC27405

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 3109 Darden Rd
$1,095
2 Bedroom Rentals
Available Now
Affordability

3109 Darden Rd

GreensboroNC27407
property at 11 Meadowood Glen Way
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 2 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

11 Meadowood Glen Way, Unit 3

11 Meadowood Glen Way
GreensboroNC27409
property at 615 Mystic Dr
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 2 Bath Townhome for Rent
Available Now
Affordability

615 Mystic Dr

GreensboroNC27406

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.

Greensboro, NC Local Guide

Cheapest Neighborhoods for Homes in Greensboro, NC

Pricing Updated: 09/24/2026

Current rental homes in the Greensboro, NC area range in price from $500 to $5,200 with an overall median price of $1,560. The three Greensboro neighborhoods with the lowest median rent pricing are Hillsdale Lake at $1,050, Polo Farms at $1,050, and Charles Aycock Summit Ave at $1,095. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Greensboro Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hillsdale Lake$1,050$1,0501
Polo Farms$1,050$1,0501
Charles Aycock Summit Ave$1,095$1,0951
Meadowood Homes$1,122$1,0958
Phillips Ave$1,125$8955
Phillips Avenue$1,125$8955
Wolfetrail Run$1,150$1,1501
Downtown High Point$1,175$65018
Sunset Hills Friendly Homes$1,200$1,1953
First Farmington Apartments$1,200$65033

Best Value Homes for Rent in Greensboro, NC

As of September 24, 2026 the best value rental home in the Greensboro area is the $0.88 price per square foot 3602 Nelson Creek Ln Model at 3602 Nelson Creek Ln in the Wilpar Estates neighborhood starting from $2,705. The second greatest value Greensboro rental home is the 6714 Championship Dr Model at 6714 Championship Dr in the Lindley Park Estates neighborhood starting at $2,280 with a $0.78 price per square foot. Here is today’s list of the best values for Greensboro homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
3602 Nelson Creek Ln3602 Nelson Creek Ln5BR, 2.5BA$0.88
6714 Championship Dr6714 Championship Dr4BR, 2.5BA$0.78
1754 Waverley Oak Drive1754 Waverley Oak Drive4BR, 2.5BA$0.83
5004 Emberly Dr5004 Emberly Dr4BR, 2.5BA$0.76
1303 Wakefield Pl1303 Wakefield Pl4BR, 2.5BA$0.85
715 Sunmeadow Dr715 Sunmeadow Dr4BR, 2.5BA$0.90
Room in Duplex on S Josephine Boyd StRoom in Duplex on S Josephine Boyd St1BR, 1BA$0.26
Room in Single Family Home on Beck StRoom in Single Family Home on Beck St1BR, 1BA$0.67
Room in Duplex on Beck StRoom in Duplex on Beck St1BR, 1BA$0.86
Room in Townhome on Greenbriar RdRoom in Townhome on Greenbriar Rd1BR, 1BA$0.89

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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Navigating 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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Greensboro, NC Area Reviews

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Cat • 1+ years in Greensboro

October 13, 2025

Greensboro is a beautiful community, especially if you're able to live in some of the nicer areas. While there are some neighborhoods that are a little run down, I would say I have never felt out of place in Greensboro--- everyone is friendly, the schools are nice, and there is a good sense of community.

Frequently Asked Questions about Greensboro

What type of rentals are currently available in Greensboro?

There are currently 711 Apartments for Rent in Greensboro, NC with pricing that ranges from $499 to $6,479. There are also 421 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greensboro ranging from $500 to $5,200.

What is the current price range for Rental Homes in Greensboro?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Greensboro ranges from $500 to $5,200 with an average monthly rent of $1,772.

How much are larger Three and Four Bedroom Rentals in Greensboro?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greensboro range from $499 to $3,843, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,570 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

decorative image for Greensboro's Collegiate Charms: The Best Neighborhoods for Renters in Greensboro article

Greensboro's 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.

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.