Cheap Homes for Rent in Greensboro, NC from $500 (77 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1228 Westside Dr

1228 Westside Dr

GreensboroNC27405
property at 308 Marshall St

308 Marshall St

GreensboroNC27401

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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Greensboro, NC Local Guide

Cheapest Neighborhoods for Apartments in Greensboro, NC

Pricing Updated: 07/25/2025

Current apartment rentals in the Greensboro, NC area range in price from $579 to $8,733 with an overall median price of $1,664. The three Greensboro neighborhoods with the lowest median rent pricing are McConnell Rd Community at $795, Outer Downtown Greensboro at $795, and Spring Valley at $605. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Greensboro Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
McConnell Rd Community$895$7955
Outer Downtown Greensboro$955$79511
Spring Valley$1,100$605137
Rolling Roads$1,137$605176
Lamrocton$1,240$813131
Swans Landing$1,240$65028
Manchester$1,275$85019
Glendale Hills$1,300$57929
Heath Community$1,300$57922
Lowdermilk Area$1,300$57925

Cheapest Available Greensboro Apartments for Rent

 

The cheapest available apartment rental in Greensboro, NC is a 1 Bed unit found at Lakewood in the Madison Woods neighborhood priced from $710. The Retreat in the Madison Woods neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Greensboro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood1BR/ 1BA1BR,1BA$710
The RetreatThe Ayers1BR,1BA$795
Farmwood Gardens1x11BR,1BA$799
Cambridge Apartments1 BR - 1 BA1BR,1BA$825
Suffolk Place ApartmentsOne Bedroom1BR,1BA$825
Pelham Place1 Bed 1 Bath Renovated1BR,1BA$825
Summit Village ApartmentsMaple Studio Renovated1BR,1BA$835

Best Value Apartments for Rent in Greensboro, NC

As of July 25, 2025 the best value apartment in the Greensboro area is the $1.03 price per square foot The Mulberry Townhouse Model at Laurel Bluff Apartments and Townhomes in the in the Timberbrooke neighborhood starting from $1,759. The second greatest value Greensboro apartment is the 1102 Logan St Model at 1102 Logan St, Unit A starting at $795 with a $0.69 price per square foot in the Gorrell St. Community neighborhood. Here is today’s list of the best values for Greensboro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Laurel Bluff Apartments and TownhomesThe Mulberry Townhouse3BR,2.5BA$1.03
1102 Logan St, Unit A1102 Logan St1BR,1BA$0.69
School at Spring Garden Student Apartments3BR/3BA3BR,3BA$0.58
Pepperstone222BR,2BA$0.98
Campus Crossing Spring GardenDesigner Style 3 Bed X 2 Bath with Patio a Lindell3BR,2BA$0.58
The Oaks Gate City2 Bedroom Townhome2BR,1BA$0.94
Lemans at LawndaleThe Bonelli2BR,1BA$1.01
Alexander Homes, Greensboro: Welcome Home2 Bedroom 1 Bath2BR,1BA$0.99
3600 Cannan Forest Dr, Unit 3600-D3600 Cannan Forest Dr2BR,1BA$1.03
1106 Vance St, Unit B1106 Vance St1BR,1BA$0.87

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Greensboro

What type of rentals are currently available in Greensboro?

There are currently 693 Apartments for Rent in Greensboro, NC with pricing that ranges from $579 to $6,066. There are also 473 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greensboro ranging from $550 to $5,250.

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 $550 to $5,250 with an average monthly rent of $1,740.

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 $605 to $6,066, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $3,450. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $579.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.