Cheap Apartments for Rent in the Outer Northwest I 40 Corridor Neighborhood of Greensboro, NC from $400 (155 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Outer Northwest I 40 Corridor area of Greensboro.

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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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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Outer Northwest I 40 Corridor, Greensboro, NC Local Guide

Cheapest Available Outer Northwest I 40 Corridor Apartments for Rent

 

The cheapest available apartment rental in the Outer Northwest I 40 Corridor area of Greensboro, NC is a 1 Bed unit found at The Retreat priced from $755. Market Station has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Outer Northwest I 40 Corridor apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
The RetreatThe Ayers1BR,1BA$755
Market StationStudio SmallStudio,1BA$799
The ArborsThe Rosewood1BR,1BA$803
Village Walk Apartments1BR - 1BTH1BR,1BA$850
Pepper Tree Apartments1BR/1BA1BR,1BA$865
North Lakes1 Bedroom 1 Bathroom1BR,1BA$895
Broadstone Village1x1a1BR,1BA$899
Cloisters and Foxfire ApartmentsFoxfire 1 Bedroom 1 Bathroom1BR,1BA$900
Suffolk Place ApartmentsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Outer Northwest I 40 Corridor, NC

As of April 25, 2026 the best value apartment in the Outer Northwest I 40 Corridor area is the $0.59 price per square foot The Bradford (Stand Alone) Model at WestVue in the in the Madison Woods neighborhood starting from $810. The second greatest value Outer Northwest I 40 Corridor apartment is the 3BR/2 BA Model at Thomas Estates starting at $1,400 with a $1.10 price per square foot in the Hewitt Area neighborhood. Here is today’s list of the best values for Outer Northwest I 40 Corridor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WestVueThe Bradford (Stand Alone)2BR,2.5BA$0.59
Thomas Estates3BR/2 BA3BR,2BA$1.10
Allerton PlaceGrandover with Deck-Renovated3BR,2BA$1.18
600 Station Square Apartments2BR2BR,2BA$1.16
2909 Spring Garden St, Unit 2909-B2909 Spring Garden St2BR,2BA$1.05
Park Place2 Bed Townhome2BR,1.5BA$1.06
Ridgewood Apartments2 Bedroom 1 Bath2BR,1BA$0.99
Legacy Sedgefield Townhomes2BR - 1.5BTH TH PR2BR,1.5BA$1.09
Residences at 18052 BR 1 BTH Classic2BR,1BA$1.10
900 Richland St, Unit B900 Richland St1BR,1BA$1.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Best Local Schools in
Outer Northwest I 40 Corridor, Greensboro, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Outer Northwest I 40 Corridor, Greensboro, and the greater Greensboro area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Outer Northwest I 40 Corridor Apartments

What is a cheap apartment in Outer Northwest I 40 Corridor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Outer Northwest I 40 Corridor is under $900.

What is the price of a cheap apartment in Outer Northwest I 40 Corridor?

The cheapest apartment in Outer Northwest I 40 Corridor is The Retreat which is listed at $755, while the average apartment in Outer Northwest I 40 Corridor costs $1,733.

What types of apartments are the cheapest in Outer Northwest I 40 Corridor?

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 86 regular apartments in Outer Northwest I 40 Corridor 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 Outer Northwest I 40 Corridor?

Cheap apartments in Outer Northwest I 40 Corridor have an average cost of $493 which is $1,240 cheaper than the average rent for all rentals in Outer Northwest I 40 Corridor.

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

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.