Cheap Apartments for Rent in the Rainbow Meadowood Neighborhood of Greensboro, NC from $500 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rainbow Meadowood 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

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.

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property at 2720 Gwaltney Rd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

2720 Gwaltney Rd

GreensboroNC27407

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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Colts Run Apartments
2 Bedroom Apartments

Colts Run Apartments

2611 Merritt DrGreensboro, NC 27407
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The Heights Townhomes
2 Bedroom Apartments

The Heights Townhomes

3802 Overland HtsGreensboro, NC 27407
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Oakwood Apartments
2 Bedroom Apartments

Oakwood Apartments

3739-3755 Oakwood DrGreensboro, NC 27407
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3936 McIntosh St
3 Bedroom Apartments

3936 McIntosh St

3936 McIntosh StGreensboro, NC 27407
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The Inn at Greensboro
Studio to 2 Bedroom Apartments

The Inn at Greensboro

1000 W Market StGreensboro, NC 27401
Student Housing
  • Utilities Included

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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Spring Manor Apartments
2 to 3 Bedroom Apartments

Spring Manor Apartments

400 W Meadowview RdGreensboro, NC 27406
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Bella Vista Apartments
2 Bedroom Apartments

Bella Vista Apartments

1827-1843 Merritt DrGreensboro, NC 27407
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Juniper Ridge I
1 to 2 Bedroom Apartments

Juniper Ridge I

2904-2914 W FloridaGreensboro, NC 27407
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Asberry Courts
1 to 3 Bedroom Apartments

Asberry Courts

1230 S Eugene StGreensboro, NC 27406

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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Rainbow Meadowood, Greensboro, NC Local Guide

Cheapest Available Rainbow Meadowood Apartments for Rent

 

The cheapest available apartment rental in the Rainbow Meadowood area of Greensboro, NC is a 1 Bed unit found at Pepper Tree Apartments priced from $865. Cross Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Rainbow Meadowood apartments for rent in Greensboro, NC:

Apartment ListingModel NameBed/BathPriced From
Pepper Tree Apartments1BR/1BA1BR,1BA$865
Cross Creek1 Bedroom1BR,1BA$925
Retreat at Copper Creek - SMP1X1 Winston1BR,1BA$925
YorkTowne Apartments1x1 7561BR,1BA$925
NottinghamNottingham Apartments1BR,1BA$925
Cedar TracePrimrose1BR,1BA$965
StonesthrowAddison 11BR,1BA$971

Best Value Apartments for Rent in Rainbow Meadowood, NC

As of April 13, 2026 the best value apartment in the Rainbow Meadowood area is the $0.60 price per square foot The Bradford (Stand Alone) Model at WestVue in the in the Madison Woods neighborhood starting from $830. The second greatest value Rainbow Meadowood apartment is the 2BR Model at 600 Station Square Apartments starting at $1,399 with a $1.16 price per square foot in the Madison Woods neighborhood. Here is today’s list of the best values for Rainbow Meadowood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
WestVueThe Bradford (Stand Alone)2BR,2.5BA$0.60
600 Station Square Apartments2BR2BR,2BA$1.16
Reynolds Place ApartmentsAthena Premium2BR,2BA$1.38
Legacy Pointe Apartments2BR - 1BTH | Renovated2BR,1BA$1.10
703 S Chapman St, Unit 1-A703 S Chapman St2BR,1.5BA$1.14
2012 Maywood St2BR/1.0BA2BR,1BA$1.34
Juliet Place Apartment Homes1 Bed 1 Bath1BR,1BA$1.37
YorkTowne Apartments1x1 7561BR,1BA$1.22
409 N Cedar St, Unit D409 N Cedar St1BR,1BA$1.13
The Heights Townhomes2x12BR,1BA$1.39

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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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
Rainbow Meadowood, Greensboro, NC

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Greensboro. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, places to raise kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Rainbow Meadowood Apartments

What is the price of a cheap apartment in Rainbow Meadowood?

The cheapest apartment in Rainbow Meadowood is Pepper Tree Apartments which is listed at $865, while the average apartment in Rainbow Meadowood costs $1,895.

What types of apartments are the cheapest in Rainbow Meadowood?

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 48 regular apartments in Rainbow Meadowood 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 Rainbow Meadowood?

Cheap apartments in Rainbow Meadowood have an average cost of $480 which is $1,415 cheaper than the average rent for all rentals in Rainbow Meadowood.

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 Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.